Seventeenth Street Plaza sold to HRPT - Austin Business Journal:

ivyhofy.wordpress.com
Newton, Mass.-based HRPT (NYSE: a real estate investment trusty that owns and operates office andindustriall buildings, paid cash for the The sales price was not announced. Seventeentu Street Plaza is located at 122517th St., acroszs from the Tabor Center office, retaill and hotel complex. It was developed by what’s now Jones Lang LaSalle Inc. of Chicago, and was completefd in 1982. Previous owners include Equitables Real Estate InvestmentManagement Inc. part of the Equitable insurance company. Australiabn real estate giant LendLease Corp. Ltd. took over the buildin g in the 1990s after itacquirec ERE.
JPMorgan quietly put the building on the market in early 2008, asking $385 per square foot, or roughlhy $250 million, brokers said. Brookfield Properties Corp. of New York and Toronto had the building under contracgt to purchase last summedfor $225 million, but the deal was not consummated because of the debt impact on Brookfield’s lender, said real estate brokerx knowledgeable about the As of October, the building was off the The building, with an attached parking structure, is 93 percenr leased and includes Ink! Coffee and Heidi’se Brooklyn Deli outlets. It is home to the headquarteres of Molson CoorsBrewing Co.