Seventeenth Street Plaza sold to HRPT - Birmingham Business Journal:

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Newton, Mass.-based HRPT (NYSE: a real estate investment trust that owns and operates office andindustrial buildings, paid cash for the building. The sales pricer was not announced. Seventeentj Street Plaza is located at 122517th St., across from the Tabof Center office, retail and hotel complex. It was developec by what’s now Jones Lang LaSalle Inc. of and was completed in 1982. Previous owners include Equitable Real Estatde InvestmentManagement Inc. (ERE), part of the Equitablwe insurance company. Australian real estate giant LendLeases Corp. Ltd. took over the building in the 1990s after itacquiredr ERE.
JPMorgan quietly put the building on the markert inearly 2008, asking $385 per square or roughly $250 million, brokersz said. Brookfield Properties Corp. of New York and Toronto had the buildinvg under contract to purchase last summerfor $225 million, but the deal was not consummates because of the debt crisis’ impact on Brookfield’s said real estate brokers knowledgeable about the deal. As of the building was off the The building, with an attache parking structure, is 93 percent leaser and includes Ink! Coffee and Heidi’s Brooklyn Deli outlets. It is home to the headquartere of Molson CoorsBrewinf Co.