Deals
Brookfield Sells Washington Building for $216 Million
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Brookfield Properties Corp. sold an eight-story Washington office building for $216 million as values increase in desirable investment markets.
The property, at 1225 Connecticut Ave. NW, was acquired by the World Bank, which has occupied all 240,000 square feet (23,000 square meters) of the building since 2008, when a $32 million renovation was completed, New York-based Brookfield said today in a statement.