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Brookfield Buys 99-Year Lease at 666 Fifth Ave. From Kushner Cos

Brookfield Buys 99-Year Lease at 666 Fifth Ave. From Kushner Cos

Meghan Genovese

(Bloomberg) -- Brookfield Asset Management acquired a 100% leasehold interest in 666 Fifth Avenue’s office condo.

  • Terms not disclosed
  • Brookfield will operate the building and plans a "major redevelopment program" to upgrade it
  • Term of lease will be 99 years

©2018 Bloomberg L.P.

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