BOSTON, Nov. 2 /PRNewswire/ -- Boston Properties, Inc. (NYSE: BXP), a real
estate investment trust, announced today that Goldman, Sachs & Co. and Morgan
Stanley Dean Witter, the joint bookrunners and joint lead managers for its
recently announced equity offering, have exercised their over-allotment option
to purchase an additional 2,110,000 shares of common stock. As a result of
the offering, Boston Properties sold a total of 17,110,000 shares and received
total net proceeds of approximately $634 million after commissions and
expenses.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of securities in
any state in which such offer, solicitation or sale would be unlawful prior to
the registration or qualification under the securities laws of any such state.
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 four core
markets -- Boston, Washington, D.C., Midtown Manhattan and 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 .
SOURCE Boston Properties, Inc.
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Related links:
http://www.bostonproperties.com
CONTACT:
Investor Relations, Elaine Quinlan of Boston
Properties, 617-236-3300, or Analysts, Claire Koeneman,
312-266-7800, or Media, Judith Sylk-Siegel, 212-661-8030, of The
Financial Relations Board
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