The Chapter 11 filing came after the owner of the the Highpoint Towers allegedly defaulted on a more than $51 million loan.
The owner of a pair of office buildings along Datapoint Drive recently filed for bankruptcy.
Highpoint Lifehope SPE LLC, an Alpharetta, Ga., company that owns the Highpoint Towers at 8401 and 8415 Datapoint Drive, filed a skeleton bankruptcy petition Monday in San Antonio. It listed assets and liabilities each in the range of $50 million to $100 million. In its lawsuit in state District Court in San Antonio, Capital One sought the appointment of a receiver and an order directing Highpoint Lifehope to turn over the buildings subject to the lender’s liens.The company is affiliated with Richmond Honan Development and Acquisitions LLC and Lifehope LLC, which are both based in Alpharetta. The latter says on its website it owns and operates 1.5 million square feet of medical office space and has developed more than 5 million square feet.
But Capital One says Highpoint Lifehope repeatedly failed to comply with the forbearance agreement’s terms.The parties entered into another agreement at the end of June. Highpoint Lifehope agreed to “consensual ‘sale process’ for marketing and selling the property and related collateral overseen by a sale monitor retained by defendant,” the lawsuit says.
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