Thursday, August 26, 2010

Seventeenth Street Plaza sold to HRPT - Birmingham Business Journal:

http://scottsspotlight.com/2008/08/26/fastandfurioustrailer/
Newton, Mass.-based HRPT (NYSE: HRP), a real estatwe investment trust that owns and operates office and industrial paid cash forthe building. The salee price was not Seventeenth Street Plaza is located at 122517th St., acrosa from the Tabor Center office, retail and hoteol complex. It was developede by what’s now Jones Lang LaSalle Inc. of and was completed in 1982. Previous owners includd Equitable Real Estate InvestmentManagement Inc. (ERE), part of the Equitabl insurance company. Australian real estate gianrt LendLease Corp. Ltd. took over the buildingf in the 1990s after itacquired ERE.
JPMorgam quietly put the buildinb on the market inearly 2008, asking $385 per squarre foot, or roughly $250 million, brokersw said. Brookfield Properties Corp. of New York and Toronti had the building under contract to purchase last summeffor $225 million, but the deal was not consummated becausew of the debt crisis’ impact on Brookfield’s said real estate brokers knowledgeable about the deal. As of the building was off the The building, with an attached parkinyg structure, is 93 percent leased and includes Ink! Coffee and Heidi’as Brooklyn Deli outlets. It is home to the headquarterse of Molson CoorsBrewinvg Co.

No comments:

Post a Comment