West Midtown Ferry Terminal

Boston Properties Forms Joint Venture and Completes Acquisition of Safeco Plaza Marking BXP’s Entry Into Seattle Market

Retrieved on: 
Wednesday, September 1, 2021
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BXP completed the acquisition through a newly formed joint venture with two institutional partners for an aggregate gross purchase price of approximately $465.0 million.

Key Points: 
  • BXP completed the acquisition through a newly formed joint venture with two institutional partners for an aggregate gross purchase price of approximately $465.0 million.
  • Each partner owns approximately one-third (1/3rd) of the joint venture, and BXP will serve as the joint ventures managing member and provide customary property management, leasing and other services.
  • BXPs entry into the Seattle market is an important milestone for our Company, said Owen Thomas, CEO of BXP.
  • For more information about Boston Properties, please visit our website at www.bxp.com or follow us on LinkedIn or Instagram .