Veteran Atlanta developers are caught up in a property dispute involving a more than $10 million real estate deal in the heart of the Buckhead Village.
At stake is the sale of a high-profile site next to the historic Buckhead Theatre.
An affiliate of the The Loudermilk Cos. on Oct. 17 filed a complaint in federal bankruptcy court that claims Rohrig Investments L.P. and its owner George Rohrig is preventing the pending sale of a more than one-acre parking lot near the intersection of Roswell and Peachtree roads.
In August, Houston developer The Hanover Co. had put the site under contract for more than $10 million and just submitted plans to build a 351-unit apartment tower with street-level retail there.
But in its lawsuit, Loudermilk says a former parking agreement with Rohrig now is clouding the property title.