Brookfield Property is seeking to sell a 49 percent stake in downtown’s Brookfield Place for around $2.45 billion, or $625 per square foot.
Eastdil Secured has been tapped to market the minority interest in the Brookfield Place complex which includes five office towers, the Winter Garden and a revamped retail complex with a Saks Fifth Ave. store and a successful food market and dining area, according to Real Estate Alert.
Two years ago, Brookfield Chief Executive Ric Clark told analysts the company wouldn’t consider a sale until after its now-completed $250 million redo “for fear of leaving way too much money on the table.”
Such a sale would be downtown’s largest since July 2001 when the World Trade Center was transferred through a long-term lease to Silverstein Properties for $3.1 billion.
