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DDA approves assignment and estoppel for Building 405 sale to Anvil affiliate
Summary
The Forest Park Downtown Development Authority approved an assignment and estoppel agreement enabling TA Realty to assign bond-related documents for Building 405 to a buyer affiliated with Link Logistics; board members flagged that closing and some bond documents remain under review by bond counsel.
The Forest Park Downtown Development Authority on July 24 approved an assignment and estoppel agreement allowing TA Realty to assign existing bond and lease documents for Building 405 to an affiliate of the buyer BAL 2070 Anvil Industrial, which the presenter said will be affiliated with Link Logistics.
The estoppel letter, according to the authority’s attorney, states that “as of the date of the signature, TA Realty is currently in compliance with the existing lease and all of the rental payments.” That verification, Metrocardi said, was confirmed with finance.
Why it matters: the action clears a transfer of the tax-abatement bond package tied…
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