Brookfield Office Properties is set to sell Enron’s former headquarters, called Four Allen Center, for $380 million, The Wall Street Journal reports. The 50-story tower, located in Houston, is being sold to its tenant, Chevron. Blackstone Group owns a roughly 4% stake in the Houston tower, which has a $240 million mortgage on it. Brookfield, which acquired the property for $120 million in 2006, leased it to Chevron through 2019.
Click here for the story from The Wall Street Journal.