Commercial RealEstate Direct |
Trigild Inc. has been appointed receiver for a 366,992-square-foot office building in the Philadelphia suburb of Fort Washington, Pa.
The order to appoint the receiver was issued by the U.S. District Court for the Eastern District of Pennsylvania as part of a lawsuit filed by C-III Asset Management to foreclose on $31.45 million against the building at 500 Virginia Drive. The interest-only loan, which was securitized through Banc of America Commercial Mortgage Trust, 2007-5, was transferred to C-III, its special servicer, in April 2012. More >>>