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Behind Boston Properties' Blockbuster $616 Million Deal for Santa Monica Business Park

Boston Office REIT's Snags its Second Office Property in LA, Sees Redevelopment Opportunities for 47-Acre Complex
By Jacquelyn Ryan
CoStar News
April 26, 2018 | 11:56 P.M.

When Boston Properties Inc. closes its record-breaking deal to buy the 1.2 million-square-foot Santa Monica Business Park for $616 million this summer, the company will take control of nearly a quarter of Santa Monica’s competitive office space and the rights to acquire the buildings' underlying land for future redevelopment of the 47-acre site.

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