New York Times

 

October 30, 2003, Thursday

 

BROOKFIELD BUYS BUILDING IN WASHINGTON

 

The Brookfield Properties Corporation, one of Lower Manhattan's largest office landlords, said yesterday that it had agreed to pay $157.5 million for a 12-story office building two blocks away from the White House to enter the Washington market. Brookfield is buying the 383,000-square-foot building from the Union Labor Life Insurance Company, a unit of Ullico, Brookfield's chief executive, Richard B. Clark, said in a conference call with investors and analysts. The building is at 1625 Eye Street.