Citigroup Sells 620,000-SF Office Campus To Brookfield

Law360, New York (July 13, 2012, 2:27 PM EDT) -- Real estate private equity firm Brookfield Asset Management Inc. has scooped up a 620,000-square-foot office campus in Dallas from Citigroup Inc., in a lease-back deal that will keep a third of the space reserved for the bank, the companies announced Friday.

Using its Brookfield Real Estate Opportunity Fund II to snatch up the Class A property, the Toronto-based firm plans to lease out the rest of the 52-acre campus, it said. Representatives from both sides declined to disclose financial details and other terms of the deal...
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