CW Capital Asset Management has filed a foreclosure suit against investor Paul Sohayegh for allegedly defaulting on a $29.2 million mortgage loan at 29 West 35th Street, a 12-story office tower in the Garment District.

According to the lawsuit filed Feb. 4 in New York State Supreme Court, investors failed to repay the loan when it came due in August 2009.

In 2007, Twin Holdings of Delaware and Herald Square of Delaware, which operated under the name Empire State Equities, acquired the 78,000-square-foot building for $30 million from NTD Building, when the property was 75 percent vacant. Sohayegh, a Brookville, N.Y.-based investor and principal of Manhattan-based Bravo Management, guaranteed repayment of the loan, according to the complaint.

Manhattan-based commercial brokerage Berko & Associates represented the buyer and the seller in the deal. [more]