Brass Professional Center Sold In San Antonio Foreclosure For $31M

The Brass Professional Center, a 140,000 square foot office complex located at 4400 South Piedras Drive in San Antonio, was recently sold in a foreclosure sale for a little over $31 million. The property was owned by Brass Real Estate and was sold due to default on a $57 million loan, resulting from delinquent payments.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $31,000,000
• Square Footage: 140,000
• Price per Square Foot: $221
• Address: 4400 South Piedras Drive, San Antonio
• Market: San Antonio

LNR Partners purchased the Brass Professional Center from Brass Real Estate in the foreclosure sale. Rick Rodriguez, representing Brass Real Estate, facilitated the transaction as the seller's broker.