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PO Box 1212 Tampa, FL 33601 Pinellas Updated November 2024
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RETURN TO NEWS INDEX Chase buildings sold for second time this year An affiliate of investment firm W.P. Carey & Co. LLC purchased two buildings in the Westshore area that are leased by JPMorgan Chase N.A. CPA:17-Global, one of W.P. Carey's publicly held non-traded REIT affiliates, bought the buildings from Brookfield Real Estate Opportunity Group, an affiliate of Brookfield Asset Management, a release said. The purchase price was not disclosed. Brookfield had bought the buildings at Two Independence Parkway from JPMorgan Chase in February for $43.5 million, according to Hillsborough County official records. JPMorgan Chase (NYSE: JPM) has a long-term lease on the buildings, which total about 312,000 square feet, the release said. The assets meet W.P. Carey's criteria of investing in income-generating properties leased to established corporate tenants on a long-term basis, Jason Fox, managing director, said in the release. The deal follows an earlier transaction between W.P. Carey (NYSE: WPC), an investment management company headquartered in New York, and Brookfield. In February, W.P. Carey bought a 386,000-square-foot operations center in Dallas leased to JPMorgan Chase from Brookfield. |
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