Boston Properties

Completed Independence Square

Two buildings totaling over 900,000 square feet — Headquarters for NASA and the Office of the Comptroller of the Currency.

Developed First New Speculative Office Building to be Built in the 1990's along Route 128 in the Boston Suburbs

201 Spring Street in Lexington, MA — A 106,000 square foot building; Completed in Fall of 1997.

Boston Properties IPO

At a price of $25 per share (NYSE: BXP) with an initial public equity offering of $903 million.

11 million square feet with 250 employees.

Acquired 280 Park Avenue and 875 Third Avenue in New York

875 Third Avenue was the first project using BXP Operating Partnership Units as currency.

Acquired 100 East Pratt Street in Baltimore, Maryland

Acquisitions Drove Growth in 1998

• 2.3 million square foot Carnegie Center portfolio.
• Prudential Center, a 2.2 million square foot office and mixed use complex in Boston's Back Bay with additional 1.7 million square foot of development rights.
• Reservior Place, a 531,000 square foot office complex in Waltham, MA.

Completed largest secondary REIT equity offering, $808 million.

Entered the San Francisco Market

Acquired Embarcadero Center, a 4.0 million square foot, six-building, mixed-use office complex in downtown San Francisco.

Secured the Development Rights to Two Sites in Times Square for Over 2.3 Million Square Feet of Development

The future 5 Times Square and Times Square Tower projects.

Acquired Two Office Buildings in South San Francisco

601 and 651 Gateway Commons were acquired and 611 Gateway Commons was developed.

Developed Over 2.0 Million Square Feet of Office Space in Reston Town Center and the Dulles Corridor in Northern Virginia