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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
04/12/201500:24:38REITs, Rates And Reality - A Further Study
04/02/201512:12:26Statement of Changes in Beneficial Ownership (4)
04/02/201512:11:59Statement of Changes in Beneficial Ownership (4)
04/02/201512:11:59Statement of Changes in Beneficial Ownership (4)
04/02/201512:11:31Statement of Changes in Beneficial Ownership (4)
04/02/201512:11:05Statement of Changes in Beneficial Ownership (4)
04/02/201512:10:38Statement of Changes in Beneficial Ownership (4)
04/02/201506:03:27Additional Proxy Soliciting Materials (definitive) (defa14a)
04/02/201506:03:27Proxy Statement (definitive) (def 14a)
03/31/201516:01:00Boston Properties to Release First Quarter 2015 Financial Results...
03/24/201506:45:00The Dream Team REITs: March Madness Continues
03/18/201516:01:00Boston Properties Declares Regular Quarterly Dividends
03/16/201513:43:23Statement of Changes in Beneficial Ownership (4)
03/16/201509:56:45Rates fall; REITs big winners early
03/11/201514:15:28Statement of Changes in Beneficial Ownership (4)
03/09/201515:45:20Statement of Changes in Beneficial Ownership (4)
03/09/201503:46:00REITs Fell. Here's What To Do Now
02/27/201507:23:20Consider Gladstone Over Boston Properties
02/24/201516:18:00Boston Properties to Participate at Citiâs 2015 Global Property C...
02/24/201516:07:53Current Report Filing (8-k)

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