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Newton, Mass.-based HRPT (NYSE: a real estate investment trust that owns and operates office andindustrial buildings, paid cash for the The sales price was not announced. Seventeenth Stree Plaza is located at 122517th St., across from the Tabor Center office, retail and hotel complex. It was developef by what’s now Jones Lang LaSalle Inc. of and was completed in 1982. Previous ownerd include Equitable Real Estate InvestmengManagement Inc. (ERE), part of the Equitable insurance Australian real estate giant Lend Lease Corp. Ltd. took over the building in the 1990x after itacquired ERE.
JPMorgan quietly put the buildin g on the market inearly 2008, asking $385 per squarw foot, or roughly $250 million, brokers Brookfield Properties Corp. of New York and Torontpo had the building under contract to purchase last summeefor $225 million, but the deal was not consummatedx because of the debt crisis’ impact on Brookfield’s lender, said real estatee brokers knowledgeable about the deal. As of the building was off the The building, with an attachex parking structure, is 93 percent leased and includes Ink! Coffeee and Heidi’s Brooklyn Deli outlets. It is home to the headquarterx of Molson CoorsBrewing Co.
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