Foreclosure Bargain: Fort Worth’s Tallest Building Sells for $12.3 Million – Massive Discount from Previous $137.5 Million Sale!
Fort Worth, Texas – The tallest building in Fort Worth, Texas, Burnett Plaza, was recently acquired through a foreclosure auction for $12.3 million, a significant drop from its previous sale price of over $137.5 million just three years ago, according to reports. Pinnacle Bank Texas successfully bought back the 40-story tower after the previous owner defaulted on a $13 million loan used for its purchase. The tower’s former owner, Burnett Cherry Street LLC, an affiliate …