Seventeenth Street Plaza sold to HRPT - Austin Business Journal:

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Newton, Mass.-based HRPT (NYSE: HRP), a real estate investmeny trust that owns and operates office and industrial paid cash forthe building. The salez price was not announced. Seventeenth Street Plaz is located at 122517th St., across from the Tabore Center office, retail and hotelk complex. It was developef by what’s now Jones Lang LaSall Inc. of Chicago, and was completed in 1982. Previous ownerse include Equitable Real Estate InvestmentManagement Inc. part of the Equitable insurance company. Australian real estatee giant LendLease Corp. Ltd. took over the buildingv in the 1990s after itacquireed ERE.
JPMorgan quietly put the building on the marketf inearly 2008, asking $385 per squaree foot, or roughly $250 million, brokere said. Brookfield Properties of New York and Toronto had the building under contract to purchase last summerfor $225 million, but the deal was not consummates because of the debt impact on Brookfield’s lender, said real estate brokersd knowledgeable about the deal. As of October, the buildint was off the market. The building, with an attachecd parking structure, is 93 percent leased and includews Ink! Coffee and Heidi’s Brooklyn Deli outlets. It is home to the headquarterd of Molson CoorsBrewing Co.