The 199,922SF building is just 11 years old, having been built in 2013, and sits on a 1.09 acre lot. It has an assessed value of $26.8 million and the nine-story property features eight floors of available office space along with ground-level retail, including the fully leased ~8,000SF restaurant Kabuto Hibachi and Sushi.
According to Biz Journals, “Montgomery County Circuit Court Judge Karla Smith in March appointed Stephen Karbelk, president of RealMarkets, the property’s receiver, F.P. Rockville II having defaulted on a $56 million loan issued a decade earlier by Midland National Life Insurance Co., according to court records. The Foulger-Pratt affiliate owed $48.55 million on the loan as of January, per court filings.”…