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Boston Properties, Inc. Declares Quarterly Dividend

    BOSTON, Dec. 22 /PRNewswire/ -- The Board of Directors of Boston
Properties, Inc. (NYSE: BXP) today declared a dividend of $0.425 per share for
the period October 1, 1998 to December 31, 1998, payable on January 28, 1999
to shareholders of record on December 30, 1998.
    Boston Properties, Inc. 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 office, industrial and hotel
properties predominantly located in Greater Boston, Midtown Manhattan, Greater
Washington, D.C., San Francisco, Calif., Princeton/East Brunswick, N.J.,
Richmond, Va. and Baltimore, Md.  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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  • http://www.bostonproperties.com
    CONTACT:
    Edward H. Linde, President, CEO, & Director,
    or David G. Gaw, SVP & CFO, both of Boston Properties, Inc.,
    617-859-2600; or General Info., Marianne Stewart, 212-661-8030,
    Analysts, Claire Koeneman, 312-266-7800, or Media, Judith
    Sylk-Siegel, 212-661-8030, all of The Financial Relations Board
    NOTE TO EDITORS: To receive Boston Properties' latest news and
    corporate developments via fax at no cost, please call
    800-PRO-INFO; use company code BXP. Visit the Company's web site
    at http://www.bostonproperties.com. Also see
    http://www.frbinc.com