(Source: Star Tribune)
A major player in the Twin Cities commercial real estate market is preparing to pull up stakes.
Brookfield Properties plans to sell all its properties — RBC Plaza, Gaviidae I and II, 33 South Sixth Street and the attached City Center complex — this year, according the company’s most recent annual report. The buildings total more than 3 million square feet, one of the largest holdings by a single owner in downtown Minneapolis.
“We intend to exit this market in the next 12 months through the sale of the properties,” the annual report said.
Read Susan Feyder’s full article “Brookfield to bow out of Twin Cities market” in the Star Tribune (April 13, 2009).