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BOP To Buy Out World Financial Center

Real estate company Brookfield Office Properties is looking to fully own the World Financial Center in Lower Manhattan.

Real estate company Brookfield Office Properties (BOP) is looking to fully own the World Financial Center in Lower Manhattan, The Wall Street Journal reports. Brookfield will take over financial firm Bank of America Corp.’s (BofA) 49 percent interest in 4 World Financial Center, becoming the tower’s complete owner.

Bank of America will retain more than one quarter of the space at the World Financial Center it acquired as part of the Merrill Lynch & Co. takeover. The tower has been the headquarters of Merrill Lynch. The old lease contract will expire in 2013.

Click here for the story from The Wall Street Journal.

Click here for additional coverage from Bloomberg.

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