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Boston Properties, Inc. (BXP), established in 1970 by Mortimer B. Zuckerman and Edward H. Linde, is a self-administered and self-managed real estate investment trust (REIT). The company is renowned as one of the largest owners, managers, and developers of premium office properties in the United States. With its headquarters in Boston, the company maintains significant operational presence in key markets including Boston, New York, San Francisco, and Washington, D.C.
Listed as a public company since June 1997, Boston Properties has built an impressive portfolio of over 190 properties, encompassing approximately 53 million rentable square feet. The company's properties are primarily first-class office spaces, but also include a hotel, two residential properties, and five retail properties. These assets are strategically located in central business districts (CBDs) and suburban office centers across major cities such as New York, Boston, San Francisco, Los Angeles, Seattle, and the Washington, D.C. region.
Boston Properties is distinguished by its in-house building management expertise and a strong reputation for responsiveness to tenants' needs. The company’s full-service regional offices play a vital role in acquiring, developing, and managing properties, ensuring high-quality service and maintenance. The company's development track record includes premium CBD office buildings and suburban office centers, contributing to its high standing in the real estate market.
Recent achievements and current projects highlight Boston Properties' commitment to sustainability and innovative design. The company continuously seeks opportunities to enhance its property portfolio and further strengthen its market position through strategic partnerships and developments.
Financially, Boston Properties maintains a robust balance sheet and a disciplined approach to capital allocation. This financial stability supports its ongoing growth initiatives and provides a strong foundation for future opportunities.
Stay informed with the latest updates and relevant information about Boston Properties’ performance, events, and developments by visiting StockTitan regularly.
Boston Properties (NYSE: BXP), the largest publicly traded developer and owner of Class A office properties in the U.S., will release its third-quarter financial results on October 26, 2021, after trading closes. A conference call and audio webcast are scheduled for October 27, 2021, at 10:00 A.M. Eastern Time to discuss these results and provide company updates. The company, with a portfolio of 51.5 million square feet across 197 properties, is focused on key markets including Boston, Los Angeles, and New York.
Boston Properties (NYSE: BXP) and Norges Bank Investment Management announced a long-term lease renewal with Wellington Management at Atlantic Wharf in Boston. The 10-year lease, starting in 2026, covers 524,000 square feet, including a 66,000 square foot expansion. Wellington has been located at this site since 2011. Atlantic Wharf is recognized for its sustainable design, featuring LEED Double-Platinum certification and climate resilience technologies like AquaFence. The property also hosts over 100 public events annually, reflecting a strong commitment to community engagement.
Boston Properties (NYSE: BXP), the largest publicly traded developer, owner, and manager of Class A office properties in the United States, will participate in the BofA Securities 2021 Global Real Estate Conference on September 21, 2021. The panel, featuring CEO Owen Thomas, President Doug Linde, and CFO Michael LaBelle, starts at 9:00 a.m. ET. The discussion will cover the company's operating environment, strategies, and financial matters. Interested parties can access the live webcast via the company's website.
Boston Properties, Inc. (NYSE: BXP) announced the sale of $850 million in senior unsecured notes due 2033, priced at 99.959% to yield 2.454%. Estimated net proceeds of approximately $842.5 million will fund green projects and redeem existing 3.85% senior notes due February 2023. This marks BPLP's fourth green bond offering, having raised $1.0 billion in 2018 and $850 million in subsequent offerings. The company reports significant sustainability achievements, including LEED certifications and a GRESB 5-star rating. A loss of about $0.26 per diluted share is anticipated in Q4 2021 due to early debt redemption.
Boston Properties (NYSE: BXP) has declared a quarterly cash dividend of
Boston Properties (NYSE:BXP) has successfully acquired Safeco Plaza, an 800,000 square-foot Class A office building in Seattle, for approximately
On July 16, 2021, Boston Properties (NYSE:BXP) announced the groundbreaking of 180 CityPoint, a 329,000 square foot life sciences building in Waltham, Massachusetts. The six-story facility will offer over 310,000 square feet of lab and office space, plus amenities like a food hall and wellness center. This project enhances BXP's 4.9 million square feet portfolio in Waltham and reflects the growing demand in the biotechnology sector. The development aims to solidify CityPoint as a hub for life sciences organizations.
Boston Properties, Inc. (NYSE: BXP) has agreed to acquire the Shady Grove Bio+Tech Campus in Rockville, Maryland, for $116.5 million. The campus includes 435,000 square feet across seven buildings and is located in a prime life sciences cluster. BXP plans to convert existing office spaces into Class A lab spaces to meet rising demand from biotechnology companies. This acquisition expands BXP's Life Sciences portfolio, which totals over 3 million square feet in service and 1 million square feet under development, further solidifying its position in key markets.
Boston Properties (NYSE: BXP) has announced the acquisition of 360 Park Avenue South, a 450,000 square-foot office property in Manhattan, for approximately $300 million. The property is currently fully leased but will be vacated by its tenant in late 2021, allowing BXP to upgrade the building for Class A clients. The acquisition will be funded through $202 million in mortgage debt and $98 million in Operating Partnership Units. This purchase expands BXP's presence in the Midtown South area, appealing to TAMI sector tenants.
Boston Properties (NYSE: BXP) has signed a binding agreement to acquire Safeco Plaza, an 800,000 square-foot, LEED-Platinum certified office building in Seattle for approximately $465 million. This marks BXP's entry into the Seattle market, known for its strong growth in technology and life sciences. The acquisition will be made through a joint venture, with BXP owning up to 51%. Safeco Plaza is strategically located in the Central Business District, is 90% leased, and offers excellent accessibility, making it appealing to various tenants.
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