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National Gateway Project Advances With 6 More Office Buildings

16 Buildings Change Hands

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Brookfield Properties Corp. and its joint venture partner Blackstone Group, both of New York, bought 16 office buildings, totaling 4.4 million square feet, in the Washington region from Trizec Properties Inc.

The portfolio was part of a deal, worth $7.2 billion, to buy Trizec and its buildings in New York, Los Angeles and Houston.

Brookfield now has 21 buildings, totaling 6.7 million square feet of space, in the Washington area.

In a separate deal, Brookfield said it bought the former Enron headquarters in Houston and leased it to Chevron Corp.

Closings

· Reston Real Estate Investors LLC of San Francisco bought two Reston office buildings for $36.5 million. Grubb & Ellis Co. brokered the deal for Rim Pacific NOVA LLC. The properties are Executive Centre I & II, a 140,000-square-foot office complex.

· Columbia-based Corporate Office Properties Trust and PenMar Development Corp. purchased 500 acres of the former Fort Ritchie Army base in Washington County, Md., for $5 million. They plan to develop 1.7 million square feet of office space and 673 residential unit, including apartments and single-family homes, in the next 10 to 15 years. The base closed in 1998.

Dana Hedgpeth covers commercial real estate and economic development. Her e-mail address ishedgpethd@wahspost.com.

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