Oct
16
New Owner Emerges for San Antonio’s Pyramid Building
ByOne of the most recognized office structures in North Central San Antonio is now off the market.
The Pyramid, San AntonioThe 220,693-square-foot, Class A office structure was recently sold in a $39.7 million transaction brokered by HFF, who also procured the buyer, Taurus Investment Holdings of Boston. According to Yardi Matrix, the sale was subject to a $25.8 million loan provided by the Austin office of Independent Bank. Prior to this sale, a $14.9 million loan held by Allstate Life Insurance Co. was placed in August 2008. The loan was used by Buchanan Street Partners to finance the $22.9 million acquisition of The Pyramid…
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