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Tenants 'nervous' about auction of American Tobacco buildings 

Jump to full article: Durham (NC) Herald Sun, 2009-06-12
Author: MONICA CHEN : The Herald-Sun

Intro:

The potential for two newly renovated buildings in American Tobacco Campus to be auctioned off later this month had development experts and tenants wondering "What's next?" on Thursday.

The Old Bull and Noell, two historic buildings turned into offices and apartments in the northeast corner of American Tobacco, will be up for auction on June 29 as a result of a lawsuit filed by Code Electric Inc. of Raleigh against Baltimore-based developer Struever Bros. Eccles & Rouse, citing about $318,000 in unpaid work.

"I'm a little nervous, to be honest," said Jay Andorfer, who owns a real estate business with his wife, Amy, in the Old Bull building. They moved in in November and have a 10-year lease.

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