- Associated Press - Wednesday, December 24, 2014

WINSTON-SALEM, N.C. (AP) - The 20-story BB&T; building in downtown Winston-Salem has been sold.

Charlotte investor Ray Gee and Atlanta investor Tyson “Ty” Rhame were partners in the $60 million purchase.

The partners bought the building in a leveraged transaction which will allow them to sell stakes in the building to investors who want to delay paying capital gains taxes on property they sell by investing that money into new properties.

Gee and Rhame closed on the 240,000 square-foot building last Friday.

Rhame says he doesn’t expect to sell the building again and sees it as an investment for generations and a family office.

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