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...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!