Exclusive: Houston Center to trade hands for $875 million

Houston Center officially has a buyer.

Toronto, Canada-based Brookfield Asset Management agreed to buy Houston Center, sources familiar with the deal told the Houston Business Journal. Brookfield will pay $875 million for the property, per sources. The deal should close in around 60 days.

Houston Center went on the market in late June. The 4.2 million-square-foot office complex includes LyondellBassell Tower, 2 Houston Center, Fulbright Tower and 4 Houston Center, which also includes 200,000 square feet of retail space.

Click to read more at Houston Business Journal.