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Boston Properties Considering Sale Of Princeton Portfolio

By A.D. Pruitt Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- Boston Properties Inc. (BXP) said Wednesday the real estate investment trust is considering selling a significant stake or its entire office portfolio in Princeton, N.J. that totals about 2 million square feet. The potential sale is a part of a group of select asset sales the company says it's mulling this year mostly located in suburban markets. "We're recapitalizing to sell a significant portion or the entire Carnegie Center asset," Doug Linde, President of Boston Properties said, during the company's quarterly earnings call Wednesday. Carnegie Center is a suburban office park comprising 16 buildings which the company has owned for 13 years. At 87.6% occupancy rate, the Princeton portfolio has one of the highest vacancy rates among the markets Boston Properties operates in including Boston, Washington D.C., New York and San Francisco. -By A.D. Pruitt, Dow Jones Newswires; 212-416-2197; angela.pruitt@dowjones.com;

Stock News for Boston Properties (BXP)
DateTimeHeadline
07/27/201606:04:25Current Report Filing (8-k)
07/27/201603:04:00Under Armour Makes the Leap To Fifth Avenue -- WSJ
07/26/201621:20:00Under Armour Takes Former FAO Schwarz Store on Fifth Avenue
07/26/201620:36:00Boston Properties Posts Higher FFO, Boosts Guidance
07/26/201617:20:00Boston Properties Announces Second Quarter 2016 Results
07/26/201612:50:00Under Armour Takes Former FAO Schwarz Store on Fifth Avenue
07/14/201616:01:00Boston Properties to Release Second Quarter 2016 Financial Results...
07/06/201616:01:00Boston Properties Completes the Acquisition of Colorado Center...
07/05/201615:17:02Statement of Changes in Beneficial Ownership (4)
07/05/201615:16:33Statement of Changes in Beneficial Ownership (4)
07/05/201615:16:33Statement of Changes in Beneficial Ownership (4)
07/05/201615:16:06Statement of Changes in Beneficial Ownership (4)
07/05/201615:16:06Statement of Changes in Beneficial Ownership (4)
07/05/201615:15:38Statement of Changes in Beneficial Ownership (4)
06/23/201607:50:00How Rewarding Investors Believe These Financial Stocks are?...
06/16/201616:01:00Boston Properties Declares Regular Quarterly Dividends
06/16/201612:56:29Statement of Changes in Beneficial Ownership (4)
06/14/201615:36:30Statement of Changes in Beneficial Ownership (4)
06/14/201615:35:35Statement of Changes in Beneficial Ownership (4)
06/13/201615:21:59Statement of Changes in Beneficial Ownership (4)

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