Boston Properties, Inc. (BXP) announced that it has completed the acquisition of 535 Mission Street, a development site, in San Francisco for purchase price of about $71.0 million cash. The company expects to begin construction of the project in mid-February 2013 and expects to complete the project by the fall of 2014. The price includes work already done and materials purchased, with the total cost of building budgeted at about $215 million.
535 Mission Street will be a 27-story, 378 foot tall Class A office tower with approximately 307,000 rentable square feet of office and retail space and is expected to achieve a LEED Gold designation.
Additionally, the company agreed to buy the remaining parcel of land in the urban core of Reston Town Center for about $27 million. The closing is expected to occur in the first quarter of 2013. The company stated that it is evaluating a potential mixed-use development plan, which could include residential uses as well as commercial uses.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.