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Investor Group Bags Enron Building for $55.5M

Dec 4, 2003 12:00 PM, From staff and wire reports

Houston’s Enron Building has fetched $55.5 million from a group of investors. The 50-story glass tower was sold via private auction on Tuesday, but the sale must still be approved by a New York federal bankruptcy court judge. The investor group is led by a Houston cardiologist, Dr. Antonio Pacifico.

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Enron — which went bankrupt two years ago — leased the entire building from a consortium of banks that included J.P Morgan, one of Enron’s creditors. Proceeds from the sale of the building will be divided up among the lenders.

New York City-based Granite Partners represented the sellers.


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