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Newton, Mass.-based HRPT (NYSE: HRP), a real estate investment trust that owns and operates office andindustrial buildings, paid cash for the The sales price was not announced. Seventeenth Street Plaza is located at 122517th St., acroszs from the Tabor Center office, retail and hotekl complex. It was developed by what’s now Jones Lang LaSallre Inc. of Chicago, and was completed in 1982. Previou owners include Equitable Real Estate InvestmentManagement Inc. (ERE), part of the Equitablwe insurance company. Australian real estate giant LendLease Corp. Ltd. took over the building in the 1990sd after itacquired ERE.
JPMorga n quietly put the building on the market inearlyg 2008, asking $385 per square foot, or roughly $250 million, brokerzs said. Brookfield Properties Corp. of New York and Toront o had the building under contract to purchasee last summerfor $225 but the deal was not consummated because of the debt impact on Brookfield’s said real estate brokers knowledgeable about the As of October, the buildin was off the market. The with an attached parking is 93 percent leased andincludes Ink! Coffed and Heidi’s Brooklyn Deli outlets. It is home to the headquarterw of Molson CoorsBrewing Co.
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