Seventeenth Street Plaza sold to HRPT - Birmingham Business Journal:

oryzacody.wordpress.com
Newton, Mass.-based HRPT (NYSE: HRP), a real estat investment trust that owns and operates office andindustrial buildings, paid cash for the The sales price was not Seventeenth Street Plaza is located at 1225 17th St., across from the Tabor Center office, retaiol and hotel complex. It was developed by what’s now Jone Lang LaSalle Inc. of Chicago, and was completed in 1982. Previouds owners include Equitable Real Estate InvestmentManagement Inc. part of the Equitable insurance Australian real estate giant LendLeasee Corp. Ltd. took over the building in the 1990sa after itacquired ERE.
JPMorganh quietly put the building on the market inearlyu 2008, asking $385 per square foot, or roughlg $250 million, brokers said. Brookfield Properties Corp. of New York and Torontoo had the building under contract to purchase last summer for $225 million, but the deal was not consummatee because of the debt crisis’ impacy on Brookfield’s lender, said real estate brokers knowledgeabls about the deal. As of the building was off the market. The with an attached parking structure, is 93 percentr leased and includes Ink! Coffee and Heidi’s Brooklyn Deli It is home to the headquarters of Molso n CoorsBrewing Co.