Indiana News

Deal Seems Near on South Bend’s Tallest Building

SOUTH BEND, Ind. (AP) – An attorney for the company planning to buy South Bend's tallest building says he believes the deal could be finalized before the year's over.
 
A judge this month approved the agreement for Washington-based Harley Stanfield Global Corp. to buy the 25-story Chase Tower out of receivership for $5.2 million. 
 
Company attorney James Masters tells The South Bend Tribune that everyone involved in the deal is trying to close the sale by Christmas.
 
The office building has been in receivership since February 2011 when its owner fell behind on its mortgage payments.
 
Harley Stanfield officials have said they plan a $35 million renovation of the building.

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