CBRE Capital Markets is working to sell the shuttered Forest Park Medical Center San Antonio, and the final price tag could hover around $100 million, the San Antonio Business Journal reported today. Parties interested in acquiring the real estate have until Dec. 18 to submit offers. On Oct. 7, it was reported that FPMC San Antonio Realty Partners LP, which owns the real estate and improvements where Forest Park Medical Center San Antonio was located, had filed for chapter 11 protection. FPMC reportedly defaulted on a loan of more than $68 million from Texas Capital Bank, which has requested that the property be sold. CBRE is working on behalf of FPMC San Antonio Realty Partners and Texas Capital Bank to secure a buyer for the real estate. The plan is to get a deal closed by early February, according to Scott Herbold, first vice president of CBRE Capital Markets.
