Boston Properties, Inc. (NYSE:BXP) acquired 45% stake in Santa Monica Business Park from Canada Pension Plan Investment Board for approximately $320 million on December 14, 2023. BXP also assumed the partner?s share of the joint venture?s cash and working capital aggregating approximately $20.0 million, as well as the partner?s share of the outstanding $300.0 million mortgage debt.

Boston Properties, Inc. (NYSE:BXP) completed the acquisition of 45% stake in Santa Monica Business Park from Canada Pension Plan Investment Board on December 14, 2023.