Seventeenth Street Plaza sold to HRPT - The Business Review (Albany):

acklinegymejac1362.blogspot.com
Newton, Mass.-based HRPT (NYSE: HRP), a real estatw investment trust that owns and operatex office andindustrial buildings, paid cash for the The sales price was not announced. Seventeenth Streeg Plaza is located at 122517th St., across from the Tabor Center office, retail and hotel complex. It was developed by what’ss now Jones Lang LaSalle Inc. of and was completed in 1982. Previousx owners include Equitable Real Estate InvestmenttManagement Inc. (ERE), part of the Equitable insurances company. Australian real estate giantg LendLease Corp. Ltd. took over the building in the 1990e after itacquired ERE.
JPMorgan quietly put the building on the marke t inearly 2008, asking $385 per square or roughly $250 million, brokers said. Brookfield Properties of New York and Toronto had the buildinvg under contract to purchase last summefrfor $225 million, but the deal was not consummatedr because of the debt crisis’ impact on Brookfield’s said real estate brokers knowledgeable about the As of October, the buildingt was off the The building, with an attached parking is 93 percent leased and includes Ink! Coffee and Heidi’s Brooklyn Deli outlets. It is home to the headquartersd of Molson CoorsBrewing Co.