Seventeenth Street Plaza sold to HRPT - Pittsburgh Business Times:

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Newton, Mass.-based HRPT (NYSE: HRP), a real estatse investment trust that owns and operatese office andindustrial buildings, paid cash for the The sales price was not Seventeenth Street Plaza is located at 1225 17th St., across from the Tabore Center office, retail and hotel complex. It was developed by what’sw now Jones Lang LaSaller Inc. of Chicago, and was completed in 1982. Previousw owners include Equitable Real Estate Investment Management Inc. (ERE), part of the Equitablwe insurance company. Australian real estate giantf LendLease Corp. Ltd. took over the building in the 1990d after itacquired ERE.
JPMorgan quietly put the building on the markeg inearly 2008, asking $385 per squarde foot, or roughly $250 million, brokerzs said. Brookfield Properties Corp. of New York and Toronto had the buildinb under contract to purchase last summerfor $225 million, but the deal was not consummatede because of the debt crisis’ impact on Brookfield’sw lender, said real estate brokers knowledgeable about the As of October, the building was off the The building, with an attached parking structure, is 93 percen t leased and includes Ink! Coffee and Heidi’s Brooklynb Deli outlets. It is home to the headquarterx of Molson CoorsBrewing Co.