NEW YORK, March 11 /PRNewswire/ -- Boston Properties (NYSE: BXP), a
self-managed and self-advised real estate investment trust (REIT), today
announced that 599 Lexington Avenue, its flagship property in Midtown
Manhattan, has received the BOMA New York 1998-1999 Award for Excellence as
the Operating Office Building of the Year. The award recognized the 50-story,
1-million-square-foot Class A property for its physical attractiveness,
efficiency of operation and the impact on the New York business community.
Boston Properties also won in the same category for the Middle Atlantic
Region, qualifying it for BOMA's national and international competitions.
Boston Properties Senior Vice President Robert E. Selsam commented, "We
are honored to receive this prestigious award from our peers. 599 Lexington
Avenue is a prime example of how Boston Properties actively manages its
properties. The Company prides itself on both the appearance of its buildings
and on its commitment to tenants' satisfaction." Located directly across from
Citicorp Center, the building includes 13,445 square feet of ground floor
retail space, has an on-site subway portal and is convenient to shopping,
restaurants and hotels. The property is currently 100% leased and major
tenants include Citibank, Shearman & Sterling and Jones, Day, Reavis & Pogue.
BOMA (Building Owners and Managers Association) is an industry association
that promotes programs and services, while serving as a resource, for the
advancement of the commercial office building industry.
Boston Properties, Inc. is a fully integrated, self-administered and
self-managed real estate investment trust (REIT) that develops, redevelops,
acquires, manages, operates and owns a diverse portfolio of office,
industrial, and hotel properties located predominantly in the Greater Boston;
Greater Washington, D.C.; midtown Manhattan; Greater San Francisco;
Baltimore, Maryland; Princeton/East Brunswick, New Jersey; and Richmond,
Virginia markets. The Company is one of the largest owners and developers of
office properties in the United States.
SOURCE Boston Properties, Inc.
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Related links:
http://www.frbinc.com
CONTACT:
Robert E. Selsam, Senior Vice President of
Boston Properties, 212-326-4000; or Media, Judith Sylk-Siegel of
the Financial Relations Board, 212-661-8030
NOTE TO EDITORS: To receive Boston Properties' latest news and
corporate developments via fax at no cost, please call
1-800-PRO-INFO; use company code BXP. Visit the Company's web
site at http://www.bostonproperties.com. For more information on
BOMA New York, visit its web site at http://www.bomany.org. Also
visit The Financial Relations Board's web site at
http://www.frbinc.com.
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