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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; [email protected]

Stock News for Boston Properties (BXP)
DateTimeHeadline
01/17/201713:27:27Statement of Changes in Beneficial Ownership (4)
01/17/201713:26:59Statement of Changes in Beneficial Ownership (4)
01/17/201713:26:59Statement of Changes in Beneficial Ownership (4)
01/12/201716:01:00Boston Properties to Release Fourth Quarter 2016 Financial Results...
01/04/201714:58:23Statement of Changes in Beneficial Ownership (4)
01/04/201714:56:51Statement of Changes in Beneficial Ownership (4)
01/04/201714:53:23Statement of Changes in Beneficial Ownership (4)
01/04/201714:53:23Statement of Changes in Beneficial Ownership (4)
01/04/201714:52:55Statement of Changes in Beneficial Ownership (4)
01/04/201714:52:05Statement of Changes in Beneficial Ownership (4)
12/19/201608:43:00Boston Properties Increases Regular Quarterly Dividend by 15.4%
11/11/201616:01:00Boston Properties to Participate in the NAREIT REITWorld 2016...
11/07/201617:28:14Quarterly Report (10-q)
11/01/201614:55:55Statement of Changes in Beneficial Ownership (4)
11/01/201614:55:20Statement of Changes in Beneficial Ownership (4)
11/01/201614:55:20Statement of Changes in Beneficial Ownership (4)
11/01/201614:54:53Statement of Changes in Beneficial Ownership (4)
11/01/201614:54:26Statement of Changes in Beneficial Ownership (4)
11/01/201614:53:58Statement of Changes in Beneficial Ownership (4)
11/01/201614:53:02Statement of Changes in Beneficial Ownership (4)

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