X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

TAMPA, FL-W.P Carey’s Corporate Property Associates, otherwise known as CPA 17-Global, a non-traded public REIT affiliate, purchased two office towers in Tampa from Brookfield Real Estate Opportunity Group, an affiliate of Brookfield Asset Management. The sale of the two buildings, which are fully-occupied by JP Morgan Chase, closed at the end of last week for an undisclosed sum.

The sale follows W.P. Carey’s February purchase from Brookfield of a 386,000-square-foot operations center in Dallas leased to JP Morgan Chase. While the New York City-based Carey specializes in long-term, sale-leaseback and build-to-suit financing for companies throughout the world, the Tampa purchase was a more straight-forward acquisition, even though the leases at the building helped determine the value of the property.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.