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Durham firm departing top floor of Chase Tower

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Tim Durham’s Obsidian Enterprises Inc. plans to vacate the top floor of the state’s tallest building next month, real estate sources say.

The leveraged-buyout firm subleases the 48th floor of downtown’s Chase Tower from JPMorgan Chase & Co. but hasn’t paid rent for a couple of months and has agreed to give the space back.

Obsidian has been closed since Nov. 24, when FBI agents converged on the office and seized documents and computers. Agents simultaneously raided another Durham company: Akron, Ohio-based Fair Finance Co.


Federal prosecutors alleged in a court filing that day that Fair operated as a Ponzi scheme, using money raised from selling investment certificates to pay off earlier investors.

Durham could not be reached for comment this morning.

Obsidian was committed to the space until 2020, when Chase’s lease as anchor tenant comes up. It signed the sublease in 2002, a short time after the bank moved its executives offices to a lower floor.

 

 

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  1. I had read earlier this spring that Noodles & Co was going to open in the Fishers Marketplace (which is SR 37 and 131st St, not 141st St, just FYI). Any word on that? Also, do you happen to know what is being built in Carmel at Pennsylvania and Old Meridian? May just be an office building but I'm not sure.

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  4. Why does the majority get to trample on the rights of the minority? You do realize that banning gay marriage does not rid the world of gay people, right? They are still going to be around and they are still going to continue to exist. The best way to get it all out of the spotlight? LEGALIZE IT! If gay marriage is legal, they will get to stop trying to push for it and you will get to stop seeing it all over the news. Why do Christians get to decide what is moral?? Why do you get to push your religion on others? How would legalizing gay marriage expose their lifestyle to your children? By the way, their lifestyle is going to continue whether gay marriage is legalized or not. It's been legal in Canada for quite a while now and they seem to be doing just fine. What about actual rules handed down by God? What about not working on Sundays? What about obeying your parents? What about adultery? These are in the 10 Commandments, the most important of God's rules. Yet they are all perfectly legal. What about divorce? Only God is allowed to dissolve a marriage so why don't you work hard to get divorce banned? Why do you get to pick and choose the parts of the Bible you care about?

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