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Newton, Mass.-based HRPT (NYSE: HRP), a real estatre investment trust that owns and operates office andindustrial buildings, paid cash for the The sales price was not announced. Seventeentbh Street Plaza is located at 122517th St., acrosas from the Tabor Center office, retailo and hotel complex. It was developed by what’s now Jonez Lang LaSalle Inc. of Chicago, and was completed in 1982. Previou owners include Equitable Real Estate Investment Management Inc. (ERE), part of the Equitable insurance Australian real estate giant LendLeasd Corp. Ltd. took over the buildingt in the 1990s afte itacquired ERE.
JPMorgan quietly put the buildint on the market inearly 2008, askinvg $385 per square foot, or roughlyg $250 million, brokers said. Brookfieled Properties Corp. of New York and Torontoo had the building under contract to purchase last summefor $225 million, but the deal was not consummaterd because of the debt crisis’ impacyt on Brookfield’s lender, said real estate brokeres knowledgeable about the deal. As of October, the building was off the The building, with an attached parkinbg structure, is 93 percent leaserd and includes Ink! Coffee and Heidi’s Brooklyn Deli It is home to the headquarters of Molson CoorzsBrewing Co.
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