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Brookfield lands purchase option for land under 666 Fifth Ave.

Brookfield Asset Management Inc. obtained an option to purchase the land underneath the 666 Fifth Ave. office condominium in New York City from Kushner Cos. as part of a 99-year lease deal, The Real Deal reported, citing a memorandum of lease.

The ground lease notes a transfer price of about $1.29 billion, the publication added.

Comment was not immediately available from Kushner, while Brookfield did not comment on the matter, according to the report.