M&A Deal Summary

BXP Acquires 100 Federal Street Property

On March 13, 2012, BXP acquired real estate company 100 Federal Street Property from Bank of America for 615M USD

Acquisition Highlights
  • This is BXP’s 8th transaction in the Real Estate sector.
  • This is BXP’s 3rd largest (disclosed) transaction.
  • This is BXP’s 8th transaction in the United States.
  • This is BXP’s 3rd transaction in Massachusetts.

M&A Deal Summary

Date 2012-03-13
Target 100 Federal Street Property
Sector Real Estate
Buyer(s) BXP
Sellers(s) Bank of America
Deal Type Divestiture
Deal Value 615M USD

Target

100 Federal Street Property

Boston, Massachusetts, United States
100 Federal Street is a 37-story, approximately 1,305,000 rentable square foot premiere Class A office tower located in the heart of Boston’s Financial District and is 93% leased. Situated on Federal Street and bounded by Franklin, Congress and Matthews Streets.

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Buyer(S) 1

Buyer

BXP

Boston, Massachusetts, United States

website


Category Company
Sector Real Estate
Employees750
Revenue 2.8B USD (2020)
DESCRIPTION

BXP is a self-administered and self-managed real estate investment trust and one of the largest owners, managers and developers of Class A office properties in the United States, with a significant presence in five markets: Boston, New York, Princeton, San Francisco and Washington, DC.


DEAL STATS #
Overall 8 of 10
Sector (Real Estate) 8 of 10
Type (Divestiture) 6 of 6
State (Massachusetts) 3 of 3
Country (United States) 8 of 10
Year (2012) 1 of 1
Size (of disclosed) 3 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-01 Bay Colony Corporate Center in Waltham

Waltham, Massachusetts, United States

Bay Colony Corporate Center is an approximately 1,000,000 rentable square foot Class A office park located in the premier suburban Boston office market of Waltham. The four-building office park is situated on a 58-acre hilltop site with panoramic views of the Cambridge Reservoir, Waltham and the City of Boston skyline.

Buy $185M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-02-06 Development Site At 535 Mission Street

San Francisco, California, United States

535 Mission Street will be a 27-story, 378 foot tall Class A office tower with approximately 307,000 rentable square feet of office and retail space and is expected to achieve a LEED Gold designation. The site is located in the South Financial submarket of San Francisco, one of the most attractive submarkets for both traditional office and technology tenants.

Buy $71M

Seller(S) 1

SELLER

Bank of America

Charlotte, North Carolina, United States

website


Category Company
Founded 1784
Sector Financial Services
Employees210,000
Revenue 89.1B USD (2021)
DESCRIPTION
Entrance to Bank of America Center in downtown Charlotte, North Carolina.
Entrance to Bank of America Center in downtown Charlotte, North Carolina.

Bank of America is a financial services institution serving individual consumers, small- and middle-market businesses, institutional investors, large corporations and governments with a full range of banking, investing, asset management and other financial and risk management products and services. Bank of America was founded in 1874 and is headquartered in Charlotte, North Carolina.


DEAL STATS #
Overall 6 of 17
Sector (Real Estate) 1 of 1
Type (Divestiture) 6 of 17
State (Massachusetts) 2 of 2
Country (United States) 5 of 15
Year (2012) 1 of 2
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-15 DYWIDAG

Munich, Germany

DYWIDAG is a provider of strata, geotechnical and post-tensioning control systems. Its products, which include bars, strands, wires, and meshes, are used in the construction, mining, tunnelling and civil engineering industries. DYWIDAG was formed in 1979 and is based in Munich, Germany.

Sell €400M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-30 Bank of America - Credit Card Portfolio

United States

Bank of America Credit Card Portfolio offers credit card services.

Sell -