Boston Properties to Sell DC Office Building for $318M


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505 9th St. NW

WASHINGTON, DC—Boston Properties reports it has a binding agreement to sell its 505 9th St. N.W. office building here for approximately $318 million.

Boston Properties revealed the transaction today when it released its second quarter 2015 financial results. The 321,943-square-foot Class A office building was built and developed by Boston Properties in 2007. The property is held in a joint venture and Boston Properties owns 50% of the office building located at the corner of 9th and E streets.

The Boston-based firm reported that the July 29th sale includes the assumption of approximately $117 million of mortgage indebtedness by the unidentified buyer. The transaction is expected to close by the end of the third quarter of this year…

Boston Properties to Sell DC Office Building for $318M

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