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Boston Properties Continues Efforts to Acquire Citigroup Center.
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PR Newswire
- Article date:
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March 28, 2001
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Copyright informationCOPYRIGHT 2001 PR Newswire Association, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BOSTON, March 28 /PRNewswire/ --
As previously reported on February 8, 2001, Boston Properties, Inc. (NYSE: BXP), a real estate investment trust, has acquired a significant interest in Skyline Holdings LLC. Skyline signed a contract on February 7, 2001 to acquire Citigroup Center in New York City from Dai-Ichi Life Investment Properties, Inc. The acquisition of Citigroup Center, a 1.6 million square foot building in Midtown Manhattan, is expected to close in April 2001.
It continues to be Boston Properties' intent to enter into a joint venture agreement pursuant to which Allied Partners, a private family-owned real estate investment company, would participate in the ...
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