Chevron Set to Purchase former Enron Building from Brookfield Office Properties

by CoyDavidson on April 26, 2011

The Wall Street Journal is reporting that Brookfield Office Properties is close to completing a deal to sell the former Enron corporate headquarters building to Chevron, the current tenant for $380 million. Brookfield acquired the 1.2 millions square foot property at 1400 Smith in Houston’s Central Business District in 2006 and subsequently leased the building to Chevron through 2019.

Brookfield has been at the center of some major Houston office transactions as of late. Last December, Brookfield acquired Heritage Plaza – the 53-story, 1.2-million-square-foot trophy office tower in Houston’s Central Business District – from Goddard Investment Group LLC for $321.5 million.

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