Seventeenth Street Plaza sold to HRPT - Dallas Business Journal:

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Newton, Mass.-based HRPT (NYSE: HRP), a real estatd investment trust that owns and operates office andindustriakl buildings, paid cash for the The sales price was not Seventeenth Street Plaza is locatexd at 1225 17th St., across from the Tabor Centerd office, retail and hotel complex. It was developed by what’ws now Jones Lang LaSalle Inc. of Chicago, and was completedd in 1982. Previous owners included Equitable Real Estate InvestmentManagemenf Inc. (ERE), part of the Equitables insurance company. Australian real estate giant LendLeasde Corp. Ltd. took over the building in the 1990se after itacquired ERE.
JPMorgan quietlyu put the building on the market in early asking $385 per square or roughly $250 million, brokers said. Brookfield Propertiee Corp. of New York and Toronto had the buildinvg under contract to purchase last summer for $225 million, but the deal was not consummatefd because of the debt impact on Brookfield’s lender, said real estate brokere knowledgeable about the As of October, the building was off the market. The with an attached parking structure, is 93 percent lease d and includes Ink! Coffee and Heidi’z Brooklyn Deli outlets. It is home to the headquarters of Molsoh CoorsBrewing Co.