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Wells Fargo lawsuit could push uptown Charlotte office building into receivership

By Charlotte Business Journal

The 458,169-square-foot building, occupied by Wake Forest University, is currently 92% vacant. Lender Wells Fargo & Co. filed a lawsuit last week seeking receivership at the property.

By Charlotte Business Journal

CHARLOTTE — Another uptown Charlotte office building is in court after its owner defaulted on a $37.3 million commercial loan, according to court filings.

Wells Fargo Trust Co. filed a civil suit in North Carolina Business Court on Nov. 7, asking that a receiver be assigned to Wake Forest University Charlotte Center at 200 N. College St. The case was assigned today to Adam M. Conrad, special Superior Court judge for complex business cases, according to court documents.

ALSO READ: Wells Fargo wants to put name on top of iconic Uptown Charlotte building

If the receivership is granted, a third party will take control of the property as Wells Fargo decides next steps.

Read more here.

VIDEO: Wells Fargo wants to put name on top of iconic Uptown Charlotte building

Wells Fargo wants to put name on top of iconic Uptown Charlotte building

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