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Chase Tampa buildings sold for $43.5 million
By Janet Leiser
Tampa Bay Business Journal
Published: Feb 19, 2010

Brookfield Real Estate Opportunity Fund paid $43.5 million for JPMorgan Chase & Co.'s two Tampa buildings at Two Independence Parkway, according to Hillsborough County official records.

The funds, sponsored by Brookfield Asset Management (NYSE: BAM), acquired a 16-building, 2.9-million-square-foot portfolio from JPMorgan Chase earlier this month under a sale-leaseback agreement.

While Brookfield declined to disclose the portfolio's sale price, Dow Jones said it was a $200 million deal. It included properties in Dallas, Columbus, Ohio, and Whippany, N.J.

Tampa's Fountain Square buildings, between Memorial Highway and Independence, are about 324,000 square feet combined. JPMorgan Chase (NYSE: JPM) previously sold Fountain Square II and IV.

JPMorgan Chase is leasing back all of the space in the buildings.



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