BOSTON, Sept. 28 /PRNewswire/ -- Boston Properties, Inc. (NYSE: BXP), a
real estate investment trust, announced today that Douglas T. Linde, 37,
currently Senior Vice President for Financial and Capital Markets, has been
appointed Chief Financial Officer succeeding David G. Gaw, 48, who will work
with him on transition matters during the next month. David G. Gaw will leave
the Company effective October 31, 2000.
"Doug Linde has demonstrated his extensive financial knowledge and
transaction skills and has been integral to our rapid growth and success as a
public company," said Mortimer B. Zuckerman, Chairman of the Board.
"Expanding his responsibilities fits extremely well into the Company's
long-range management plans," Mr. Zuckerman added.
"During David Gaw's 18 years with the Company, the last 3-1/2 years as
CFO, he has overseen the development of a first-class finance and accounting
operation and the transition from a privately-held to publicly-owned real
estate company," said Edward H. Linde, President and Chief Executive Officer.
"We thank him for his contributions and wish him well," added Mr. Linde.
In addition, Boston Properties announced that Terence D. McNally, 42, Vice
President and Controller who has been with the Company for 16 years, has been
named Chief Accounting Officer.
Boston Properties is a fully integrated, self-administered and
self-managed real estate investment trust that develops, redevelops, acquires,
manages, operates and owns a diverse portfolio of Class-A office, industrial
and hotel properties. The Company is one of the largest owners and developers
of Class-A office properties in the United States, concentrated in the
Northeast Corridor from Virginia to Greater Boston and in Greater San
Francisco.
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 . Also see
http://www.frbinc.com .
This press release contains forward-looking statements within the meaning
of the Federal securities laws. You should exercise caution in interpreting
and relying on forward-looking statements because they involve known and
unknown risks, uncertainties and other factors which are, in some cases,
beyond Boston Properties control and could materially affect actual results,
performance or achievements. These factors include, without limitation, the
ability to enter into new leases or renew leases on favorable terms,
dependence on tenants' financial condition, the uncertainties of real estate
development and acquisition activity, the ability to effectively integrate
acquisitions, the costs and availability of financing, the effects of local
economic and market conditions, regulatory changes and other risks and
uncertainties detailed from time to time in the Company's filings with the
Securities and Exchange Commission.
SOURCE Boston Properties, Inc.
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Related links:
http://www.bostonproperties.com
CONTACT:
Elaine Quinlan, Investor Relations of Boston
Properties, Inc., 617-236-3300, or Media Relations, Judith
Sylk-Siegel of The Financial Relations Board, 212-661-8030
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