M&A Deal Summary |
|
|---|---|
| Date | 2008-08-13 |
| Target | 125 West 55th Street |
| Sector | Real Estate |
| Buyer(s) | BXP |
| Sellers(s) | Macklowe Properties |
| Deal Type | Divestiture |
| Deal Value | 444M USD |
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| Category | Company |
|---|---|
| Founded | 1970 |
| Sector | Real Estate |
| Employees | 816 |
| Revenue | 3.4B USD (2024) |
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. BXP was founded in 1970 and is based in Boston, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 9 |
| Sector: Real Estate M&A | 4 of 9 |
| Type: Divestiture M&A Deals | 4 of 5 |
| State: New York M&A | 4 of 5 |
| Country: United States M&A | 4 of 9 |
| Year: 2008 M&A | 4 of 4 |
| Size (of disclosed) | 3 of 7 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-08-12 |
540 Madison Avenue
New York, United States 540 Madison Avenue is a 39-story building located at Madison Avenue at 55th Street that contains approximately 292,000 rentable square feet. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-09-24 |
510 Madison Avenue in New York City
New York,, New York, United States 510 Madison Avenue is a newly-constructed, top-of-the-line, vacant 350,000 square foot Class A office tower located in the highly desirable Plaza District of midtown Manhattan. The Company expects to fund approximately $15 million to complete the construction of the base building, which amount excludes future tenant improvement costs and leasing commissions. |
Buy | $275M |
| Category | Company |
|---|---|
| Founded | 1965 |
| Sector | Real Estate |
Macklowe Properties is an active and profitable developer, owner, and manager of a diverse array of real estate investments. The company has successfully achieved a full level of vertical integration, combining design, planning, construction, management, accounting, and executive-level ownership and operation to provide for absolute responsibility and control over its assets.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 5 |
| Sector: Real Estate M&A | 4 of 5 |
| Type: Divestiture M&A Deals | 4 of 5 |
| State: New York M&A | 4 of 5 |
| Country: United States M&A | 4 of 5 |
| Year: 2008 M&A | 4 of 4 |
| Size (of disclosed) | 2 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-08-12 |
540 Madison Avenue
New York, United States 540 Madison Avenue is a 39-story building located at Madison Avenue at 55th Street that contains approximately 292,000 rentable square feet. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-09-24 |
510 Madison Avenue in New York City
New York,, New York, United States 510 Madison Avenue is a newly-constructed, top-of-the-line, vacant 350,000 square foot Class A office tower located in the highly desirable Plaza District of midtown Manhattan. The Company expects to fund approximately $15 million to complete the construction of the base building, which amount excludes future tenant improvement costs and leasing commissions. |
Sell | $275M |
