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Town Center at Cobb, located in Kennesaw, will now be managed by its lead lender, Deutsche Bank Trust, and other investors. (Shutterstock)
Deutsche Bank Trust claimed the property from Simon Property Group, according to the MDJ, which also owns Lenox Square and Phipps Plaza in Atlanta. The Town Center at Cobb section of Simon Property Group s website was taken down as of Wednesday afternoon.
Deutsche Bank is the lead lender and trustee for a $200 million loan for the mall, granted in 2012. Attorney Matthew Norton of the law firm Polsinelli said the bank and other investors in the loan will now manage the property.
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