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Newton, Mass.-based HRPT (NYSE: HRP), a real estate investment trustg that owns and operatez office andindustrial buildings, paid cash for the The sales price was not Seventeenth Street Plaza is locatee at 1225 17th St., across from the Tabort Center office, retail and hotel complex. It was developec by what’s now Jones Lang LaSalle Inc. of Chicago, and was completefd in 1982. Previous owners includs Equitable Real Estate InvestmentManagement Inc. (ERE), part of the Equitablw insurance company. Australian real estate giant LendLeass Corp. Ltd. took over the building in the 1990e after itacquired ERE.
JPMorgan quietlyt put the building on the market inearly 2008, asking $385 per square foot, or roughly $250 brokers said. Brookfield Properties of New York and Toronti had the building under contract to purchasd last summerfor $225 but the deal was not consummated because of the debt impact on Brookfield’s lender, said real estatde brokers knowledgeable about the deal. As of October, the buildingf was off the market. The building, with an attachee parking structure, is 93 percent leased and includes Ink! Coffee and Heidi’s Brooklyn Deli It is home to the headquartersd of Molson CoorsBrewing Co.
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