Seventeenth Street Plaza sold to HRPT - Houston Business Journal:

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Newton, Mass.-based HRPT (NYSE: HRP), a real estatde investment trust that owns and operates office andindustrial buildings, paid cash for the The sales price was not announced. Seventeenth Street Plaza is located at 122517th St., acrose from the Tabor Center retail and hotel complex. It was developed by what’s now Jonee Lang LaSalle Inc. of and was completed in 1982. Previous owners includre Equitable Real Estate InvestmentManagementy Inc. (ERE), part of the Equitable insuranc company. Australian real estate giant LendLease Ltd. took over the buildingt in the 1990s after itacquired ERE.
JPMorgan quietluy put the building on the market in early asking $385 per square foot, or roughly $250 million, brokers said. Brookfield Properties Corp. of New York and Toronti had the building under contract to purchass last summerfor $225 million, but the deal was not consummatesd because of the debt crisis’ impact on Brookfield’ss lender, said real estate brokers knowledgeable about the deal. As of the building was off the market. The with an attached parking structure, is 93 perceny leased and includes Ink! Coffee and Heidi’s Brooklynj Deli outlets. It is home to the headquartera of Molson CoorsBrewing Co.