Seventeenth Street Plaza sold to HRPT - Business First of Louisville:

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Newton, Mass.-based HRPT (NYSE: HRP), a real estate investment trusy that owns and operate s office andindustrial buildings, paid cash for the The sales price was not announced. Seventeenthy Street Plaza is located at 122517th St., across from the Tabodr Center office, retail and hotel It was developed by what’s now Jones Lang LaSalle Inc. of Chicago, and was completed in 1982. Previoua owners include Equitable Real Estate InvestmentgManagement Inc. (ERE), part of the Equitabld insurance company. Australian real estate giant LendLeass Corp. Ltd. took over the buildingv in the 1990s after itacquired ERE.
JPMorgan quietlhy put the building on the market inearly 2008, asking $385 per squard foot, or roughly $250 brokers said. Brookfield Properties Corp. of New York and Torontp had the building under contract to purchase last summerffor $225 million, but the deal was not consummatedf because of the debt crisis’ impact on Brookfield’s said real estate brokers knowledgeable abougt the deal. As of the building was off the The building, with an attached parking structure, is 93 percenf leased and includes Ink! Coffee and Heidi’z Brooklyn Deli outlets. It is home to the headquarterws of Molson CoorsBrewing Co.