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Brookfield Property Partners looking to sell $79M Va. office complex

Brookfield Property Partners LP is looking to sell its two-building office complex at 1550 and 1560 Wilson Blvd. in Rosslyn, Va., the Washington Business Journal reported, citing Executive Vice President Greg Meyer.

The commercial real estate company retained Cushman & Wakefield to seek buyers for the 76%-leased complex, which encompasses 281,000 square feet and is assessed at approximately $79 million.

The publication quoted Meyer as saying that Brookfield Property may "hang on" to the property if it does not receive strong interest.

If a deal materializes, the company aims to use the sale proceeds to raise capital for its 36-acre Reston Crescent mixed-use project, also in Virginia, according to the report.