Tishman Speyer Pays Off Brookfield Debt on CarrAmerica Portfolio
Washington Business JournalJune 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.