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Brookfield Pays $113 Million for Blackboard's HQ in DC

Investor Sells 305,442-SF Office at 650 Massachusetts Ave.
By Laurie Forbes
December 3, 2010 | 4:00 P.M.

Brookfield Properties Corp. (NYSE: BPO) closed on its all-cash purchase of an eight-story, 305,442-square-foot office building at 650 Massachusetts Ave. NW in Washington, DC. The seller, an investment group called Washington Television Center LLC, sold the building for $113 million or $370 per square foot.

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