Boyd Watterson Asset Management to Purchase City-Owned Metrotech Buildings

Brookfield Assest Management is in contract to sell the leasehold of 9 and 11 Metrotech to Cleveland-based Boyd Watterson Asset Management for $310 million. The Downtown Brooklyn buildings that total 656,339 square feet are ground-leased from the city with more than 75 years of term remaining; and currently leased to the NYPD, FDNY and Department of Information Technology and Telecommunications, in addition to serving as the home of the city’s high-tech 911 command center.