Seventeenth Street Plaza sold to HRPT - Memphis Business Journal:

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Newton, Mass.-based HRPT (NYSE: HRP), a real estatde investment trust that owns and operates offices andindustrial buildings, paid cash for the building. The saleas price was not announced. Seventeenth Street Plaza is locateed at 122517th St., acroszs from the Tabor Center office, retail and hotek complex. It was developed by what’sa now Jones Lang LaSalle Inc. of Chicago, and was completed in 1982. Previouws owners include Equitable Real Estate InvestmentfManagement Inc. (ERE), part of the Equitabler insurance company. Australian real estate giant LendLeases Corp. Ltd. took over the building in the 1990e after itacquired ERE.
JPMorgan quietlgy put the building on the market inearlt 2008, asking $385 per square foot, or roughly $250 million, brokers said. Brookfield Properties Corp. of New York and Toronto had the buildinyg under contract to purchase last summerfor $225 million, but the deal was not consummatedc because of the debt crisis’ impact on Brookfield’s said real estate brokers knowledgeable about the As of October, the building was off the The building, with an attached parking structure, is 93 percenty leased and includes Ink! Coffere and Heidi’s Brooklyn Deli outlets. It is home to the headquarterd of Molson CoorsBrewing Co.