UPDATE: Boston Properties (BXP) Declares $1.25 Special Dividend; 1.0% Yield

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Boston Properties Completes Sale of Innovation Place and Declares Special Cash Dividend of $1.25 Per Share and Regular Quarterly Dividends

December 17, 2015 4:22 PM EST

BOSTON--(BUSINESS WIRE)-- Boston Properties, Inc. (NYSE: BXP), a real estate investment trust, announced today that it completed the sale of its Innovation Place property for a gross sale price of $207.0 million. Innovation Place, located in San Jose, California, is a 26-acre site with one occupied and three vacant existing office buildings and a total of approximately 574,000 square feet (approximately 463,000 square feet of which are vacant) located at 3100-3130 Zanker Road. Currently, the remainder of the site is used for 1,699 surface parking spaces but the land supports an additional 537,000 square feet of... More