Following a bench trial held in installments on four separate days over a three-week period, a Fulton County magistrate ruled that a once-prosperous mortgage brokerage must pay its landlord more than $1.5 million in damages and nearly $157,000 in attorney fees for defaulting on its lease as the bottom fell out of the real estate market.
Lenox Financial Mortgage LLC never denied owing back rent on its office space at Piedmont Center, according to the landlord’s attorney, Holland & Knight partner Cynthia Burnside. The dispute centered on how much was due.
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