HOUSTON-According to sources, Brookfield Office Properties is nearing a deal to sell the former Enron headquarters building to its current tenant Chevron Corp. for nearly $380 million. Brookfield purchased the 50-floor office tower called Four Allen Center in 2006 for $120 million and rented it to Chevron until 2019.
Four Allen Center has a debt worth $240 million. Blackstone Group LP has approximately 4% stake in the office tower. For the full story, go to Wall Street Journal.
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more information visit Asset & Logo Licensing.
