Brookfield's $157m buy.Brookfield Properties Brookfield Properties Corporation TSX: BPO NYSE: BPO is a Toronto-based North American commercial real estate company. Brookfield Asset Management owns 50% of its outstanding common shares. Corporation announced the completion of the purchase of 1625 Eye Street, N.W. in Washington, D.C. from the Union Labor Life Insurance Company The Union Labor Life Insurance Company (ULLICO) is a privately held life and health insurance company in the United States. ULLICO was founded in 1925 by the American Federation of Labor (AFL), which wanted to offer working people affordable health and life insurance. for $157.5 million. Located two blocks from the White House. the 386.000 s/f office building was developed by the Union Labor Life Insurance Company and completed in April of this year. The law firm O'Melveny & Myers LLP LLP - Lower Layer Protocol occupies 136,000 s/f of the building and the Union Labor Life Insurance Company has signed a lease for 65,000 s/f on floors 2 and 5. Brookfield's portfolio along the Northeast corridor includes 15 million square feet in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , 11 million square feet in Toronto and 2 million square feet in Boston. The acquisition of 1625 Eye Street, N.W. represents Brookfield's first foray into the Washington, D.C. market. The Brookfield portfolio comprises 47 commercial properties and development sites totaling 46 million s/f, including the World Financial Center and BCE BCE abbr. 1. Bachelor of Chemical Engineering 2. Bachelor of Civil Engineering BCE Abbreviation for before the Common Era. Place in Toronto. |
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