The buildings total 1.2 million sf and are 100% leased for 15years on a triple-net basis. JPMorgan Chase, the main tenant ofboth buildings, will continue to occupy their sites after thetransaction closes.


In a separate transaction, the New York City-based Crystal Riveracquired a $28.5-million investment in BREF One LLC, a real estatefund sponsored by Brookfield Asset Management. BREF One is used toacquire high-yield commercial real estate product primarily in theUS. Crystal River's unfunded capital commitment to the fund isapproximately $10.4 million.


"Both of these transactions, which were sourced and underwrittenfor Crystal River by Brookfield Asset Management, are consistentwith the company's focus on increasing its commercial real estateexposure. These are high-quality acquisitions that we believe willbe immediately accretive to our stockholders and reflect thebenefit of our association with Brookfield's operating platforms,"says Clifford Lai, Crystal River's president and CEO, in astatement.Calls to Crystal River and Brookfield Management were notreturned by press time.

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