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Boston Properties Locks Down Development Site for 27-Story San Francisco Office Tower

REIT Plans To Start Construction Right Away On New Office Tower In Hottest U.S. Office Market
By Tim Trainor
CoStar News
February 6, 2013 | 11:12 P.M.

After hinting on its recent quarterly conference call that it was close to wrapping up a new development site in downtown San Francisco, Boston Properties, Inc. (NYSE:BXP) made good on its promise. Late Wednesday, the REIT announced it had acquired a prime office developement site in the city's South Financial submarket at 535 Mission Street for $71 million in cash, buying the land from fellow Boston-based firm Beacon Capital Partners.

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News | Boston Properties Locks Down Development Site for 27-Story San Francisco Office Tower