NNN 400 Capitol Center, LLC, a single asset real estate debtor, has filed a petition for relief under Chapter 11 in the Bankruptcy Court for the District of Delaware. According to the Petition, the Debtor estimates its assets and liabilities to both be between $10MM – $50MM. A number of related entities, NNN 400 Capital Center 2-28, LLC(s), previously filed for Chapter 11 on December 9, 2016 (Case No. 16-12728). According to the First Day Declaration filed in the earlier NNN cases, each of the NNN debtors owns an undivided tenancy in common in Regions Center, an approximately 547,000 square foot office building located in Little Rock, Arkansas. The case has been assigned to the Honorable Kevin Gross, who is also overseeing the cases of the related NNN entities.
Contact Norman L. Pernick and Nicholas J. Brannick for more information.