Seventeenth Street Plaza sold to HRPT - Atlanta Business Chronicle:

grearqakususi1426.blogspot.com
Newton, Mass.-based HRPT (NYSE: HRP), a real estates investment trust that owns and operates office and industrial paid cash forthe building. The saleas price was not Seventeenth Street Plaza is located at 122517th St., across from the Tabor Center office, retailo and hotel complex. It was developed by what’s now Joneds Lang LaSalle Inc. of Chicago, and was completede in 1982. Previous ownerss include Equitable Real Estate InvestmentManagement Inc. (ERE), part of the Equitable insurance company. Australian real estatde giant LendLease Corp. Ltd. took over the buildingv in the 1990s after itacquiresd ERE.
JPMorgan quietly put the building on the markeg inearly 2008, asking $385 per square or roughly $250 million, brokers said. Brookfield Propertiea Corp. of New York and Torontko had the building under contract to purchase last summerfor $225 but the deal was not consummated because of the debt impact on Brookfield’s lender, said real estatr brokers knowledgeable about the As of October, the building was off the The building, with an attached parking structure, is 93 percenf leased and includes Ink! Coffee and Heidi’s Brooklyn Deli It is home to the headquarters of Molsom Coors Brewing Co.