Brookfield Selling Downtown Los Angeles Retail Center

Barchart·12/17/2025 20:40:16

Brookfield is listing another Downtown property, but this time, it's a well-occupied retail center instead of a distressed office building. JLL is marketing Brookfield's FIGat7th, according to The Real Deal, which viewed an offering memorandum for the property.    The 330K SF shopping center at 735 S. Figueroa St. boasts higher occupancy than some of the office towers Brookfield has jettisoned in the last few years. The outdoor retail center counts Target, Sephora and Zara as anchor tenants. It is nearly 86% occupied.  Brookfield previously fought to hold on to the property. In 2023, it secured a three-year extension on the $58.5M outstanding on a loan MetLife originated in 2018. The exact maturity date is...