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Boston Properties To Sell Princeton Office Park For $468 Million

DOW JONES NEWSWIRES Boston Properties Inc. (BXP) signed an agreement to sell its Carnegie Center in Princeton, N.J, for about $468 million to a joint venture between Normandy Real Estate Partners and Landis Group. Carnegie Center, a 16-building office park on 560 acres, was acquired by the real estate investment trust in 1998. Under the terms of the deal, either party may terminate the pact at any time without payment to the other party. If the closing doesn't occur on or prior to June 21, the agreement will terminate. Boston Properties in January reported swinging to a fourth-quarter loss, as the office-property manager saw a key measure of profitability decline because of one-time charges. Standard & Poor's boosted its outlook on the company in December, saying it thought U.S. office rents and occupancies were nearing their worst and Boston Properties was likely to see results gradually improve. Shares were unchanged at $100.22 in after-hours trading and have gained 16% so far this year. -By Lauren Pollock, Dow Jones Newswires; 212-416-2356;

Stock News for Boston Properties (BXP)
07/30/201506:04:02Current Report Filing (8-k)
07/29/201519:30:09Boston Properties Profit Rises, But Third Quarter FFO Projections...
07/29/201517:45:00Boston Properties Announces Second Quarter 2015 Results
07/28/201516:46:29Prospectus Filed Pursuant to Rule 424(b)(3) (424b3)
07/13/201516:13:00Boston Properties to Release Second Quarter 2015 Financial Results...
07/01/201516:23:27Statement of Changes in Beneficial Ownership (4)
07/01/201516:23:00Statement of Changes in Beneficial Ownership (4)
07/01/201516:23:00Statement of Changes in Beneficial Ownership (4)
07/01/201516:22:36Statement of Changes in Beneficial Ownership (4)
07/01/201516:22:10Statement of Changes in Beneficial Ownership (4)
07/01/201516:21:43Statement of Changes in Beneficial Ownership (4)
06/24/201522:47:33Correction to WeWork Valuation Soars to $10 Billion Articles
06/24/201520:16:56WeWork Valuation Soars to $10 Billion -- Update
06/17/201516:01:00Boston Properties Declares Regular Quarterly Dividends
06/15/201501:28:16What's The Deal
06/08/201514:24:53Statement of Changes in Beneficial Ownership (4)
06/04/201516:02:00Boston Properties to Present at NAREIT’s REITWeek Investor F...
06/03/201516:23:00Prospectus Filed Pursuant to Rule 424(b)(3) (424b3)
06/03/201515:28:19Statement of Changes in Beneficial Ownership (4)
06/02/201512:46:50Statement of Changes in Beneficial Ownership (4)

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