The commercial real estate market has taken quite a hit in the last four years. Office buildings across Texas sit vacant or marginally occupied, with many owners cutting their losses and selling their assets away.
One of those assets recently sold happens to be the tallest building in Fort Worth!
At 40 stories high, Burnett Plaza is the tallest building in Funky Town, and was recently sold at a foreclosure auction for $12.3 million, just three years after it was sold for more than $137.5 million!
While the tallest, Burnett Plaza is also considered the largest building in Fort Worth, with over one million square feet of commercial office and retail space, according to FOX 4.
The Tarrant Appraisal District recently valued the building at $104.5 million. Burnett Plaza was purchased by Pinnacle Bank Texas.
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