Posted June 7, 2012 by Rogers Healy

The KPMG Centre sells at foreclosure auction

The KPMG Centre at 717 N. Harwood St. in downtown Dallas, was sold to its lenders at Tuesday's foreclosure auction for $42 million.

The 34-story, 828,000-square-foot, downtown skyscraper has $64 million in listed debt but only appraised for $44 million, according to data from Addison-based Foreclosure Listing Service Inc.  If the lenders didn't buy the property they could have lost $22 million.

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