M&A Deal Summary

BXP Acquires Bay Colony Corporate Center in Waltham

On February 1, 2011, BXP acquired real estate company Bay Colony Corporate Center in Waltham for 185M USD

Acquisition Highlights
  • This is BXP’s 7th transaction in the Real Estate sector.
  • This is BXP’s 5th largest (disclosed) transaction.
  • This is BXP’s 7th transaction in the United States.
  • This is BXP’s 2nd transaction in Massachusetts.

M&A Deal Summary
Date 2011-02-01
Target Bay Colony Corporate Center in Waltham
Sector Real Estate
Buyer(s) BXP
Deal Type Add-on Acquisition
Deal Value 185M USD

Target

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.

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Buyer(S) 1

Buyer

BXP

Boston, Massachusetts, United States
Category Company
Founded 1970
Sector Real Estate
Employees836
Revenue 3.3B USD (2023)
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. BXP was founded in 1970 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 7 of 9
Sector (Real Estate) 7 of 9
Type (Add-on Acquisition) 2 of 4
State (Massachusetts) 2 of 2
Country (United States) 7 of 9
Year (2011) 1 of 1
Size (of disclosed) 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-29 John Hancock Tower and Garage

Boston,, Massachusetts, United States

The John Hancock Tower is an iconic 62-story, approximately 1,700,000 rentable square foot office tower located in the heart of Boston's Back Bay neighborhood. The garage is an eight-level, 2,013 space parking facility. As New England's tallest building, the John Hancock Tower features a 360-degree panoramic view of the Back Bay, Charles River, Cambridge, the Public Gardens, Boston Harbor and Financial District.

Buy $930M
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
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