Tishman Speyer Pays Off Brookfield Debt on CarrAmerica Portfolio | Presse | Tishman Speyer

Presse

Tishman Speyer Pays Off Brookfield Debt on CarrAmerica Portfolio

Washington Business Journal June 10, 2010

Tishman Speyer Properties has restructured debt for its 28-building D.C. office portfolio, spending $700 million to stave off a scheduled June 15 auction by Brookfield Properties Corp.

Known as the CarrAmerica portfolio, the group of high-profile buildings totals 6.3 million square feet and is collectively 88 percent leased. Brookfield controlled a $570 million piece of debt on the portfolio.

Read the full article