M&A Deal Summary

BXP Acquires Development Site At 535 Mission Street

On February 6, 2013, BXP acquired real estate company Development Site At 535 Mission Street for 71M USD

Acquisition Highlights
  • This is BXP’s 9th transaction in the Real Estate sector.
  • This is BXP’s 6th largest (disclosed) transaction.
  • This is BXP’s 9th transaction in the United States.
  • This is BXP’s 1st transaction in California.

M&A Deal Summary
Date 2013-02-06
Target Development Site At 535 Mission Street
Sector Real Estate
Buyer(s) BXP
Deal Type Add-on Acquisition
Deal Value 71M USD

Target

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.

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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 9 of 9
Sector (Real Estate) 9 of 9
Type (Add-on Acquisition) 4 of 4
State (California) 1 of 1
Country (United States) 9 of 9
Year (2013) 2 of 2
Size (of disclosed) 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-02-06 Reston Town Center Property

United States

Reston Town Center Property is commercially zoned for 250,000 square feet of office space. The Company is evaluating a potential mixed-use development plan, which could include residential uses as well as commercial uses.

Buy $27M
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