The Koger Center office complex in Tallahassee, Fla., has been sold for $33.68 million, or $39.60/sf, resolving the last remaining loan in the collateral pool of a legacy CMBS transaction. The loan has been troubled for years, and its collateral was taken through foreclosure in 2021. The transaction, Credit Suisse Mortgage Securities Trust, 2007-C1, has suffered losses totaling nearly 20 percent of its original balance.

The post Koger Center in Tallahassee, Fla., Sells for $33.68Mln; Last Loan in Legacy CMBS Deal Resolved appeared first on Commercial Real Estate Direct.