Goodwin Guides Brookfield's Record $377M High-Rise Sale

Law360, New York (October 19, 2011, 3:51 PM EDT) -- Commercial real estate giant Brookfield Office Properties Inc. announced Wednesday its record-setting $377.5 million sale of a high-rise office building in New Jersey to real estate equity fund Multi-Employer Property Trust.

MEPT’s acquisition of the 36-story Newport Tower in Jersey City, N.J., ranks as the largest single office sale in the state’s history, Brookfield said, and caps a six-year effort to improve the building’s efficiency and attract tenants.

Brookfield President Dennis Friedrich said the building thrived under Brookfield’s stewardship, and the time was right to sell...
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