Brookfield Pulls $380M For Target HQ, Houston Tower

By Natalie Rodriguez (November 21, 2012, 3:44 PM EST) -- On the heels of a buying spree earlier this year, Brookfield Office Properties Inc. has struck two deals to sell Target's Minneapolis headquarters for $205.5 million and a high-rise Houston office tower it jointly owned with KBR Inc. for $174.6 million, it announced Tuesday.

The Minneapolis property was picked up by Shorenstein Properties LLC, which used its $1.23 billion 10th investment fund to finance the deal. Meanwhile, the KBR Tower, which is majority occupied by the namesake global engineering and energy company, went to a W.P. Carey Inc. unit, according to real estate investment trust Brookfield.

"These dispositions continue our active...

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