Tuesday, November 21, 2006
Source: boston.com
The Chicago-based public corporation that own some of Boston's best-known building, including Center Plaza and Rowers Wharf, is being acquired by a international personal justness firm in the largest takeover of a real estate company. Fairness workplace Properties Trust of Chicago, the nation's largest openly owned office building owner-manager and the largest in the Boston area as well will be purchased by a partner of the Blackstone Group of New York for about, including debt.
Equity agency owns about 12 million rectangle feet of goods in the Boston area, as well as trophy buildings such as Summer St. It joystick or has shares of additional than 100 million rectangle feet in added than 500 building in 16 states and Washington, D.C.Rob Griffin, leader of Cushman & Wakefield of Massachusetts Inc. The properties individually, if you ruined them up and sold them, they be attraction a lot more than their acquisition charge.
The Chicago-based public corporation that own some of Boston's best-known building, including Center Plaza and Rowers Wharf, is being acquired by a international personal justness firm in the largest takeover of a real estate company. Fairness workplace Properties Trust of Chicago, the nation's largest openly owned office building owner-manager and the largest in the Boston area as well will be purchased by a partner of the Blackstone Group of New York for about, including debt.
Equity agency owns about 12 million rectangle feet of goods in the Boston area, as well as trophy buildings such as Summer St. It joystick or has shares of additional than 100 million rectangle feet in added than 500 building in 16 states and Washington, D.C.Rob Griffin, leader of Cushman & Wakefield of Massachusetts Inc. The properties individually, if you ruined them up and sold them, they be attraction a lot more than their acquisition charge.
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@ 8:18 PM
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