Brookfield Property Partners acquired a piece of the Greenpoint Landing residential development in Brooklyn from Park Tower Group and will co-develop two high-rise rental buildings at the project.
The Toronto-based mega-commercial landlord closed last week on the acquisition of two development parcels along Commercial Street in Greenpoint. Property records filed with the city Tuesday valued one of the parcels at $59.8 million, though a Park Tower spokesperson declined to disclose the complete purchase price.
The deal will see Brookfield co-develop two rental buildings on the site with Park Tower.
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Read the full story at The Real Deal, by Rey Mashayekhi
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