Press release article from our research archive:

Boston Properties Continues Efforts to Acquire Citigroup Center.

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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