Boston Properties To Drop $615M On BofA Tower

Law360, New York (February 29, 2012, 9:27 PM EST) -- Real estate investment trust giant Boston Properties Inc. has agreed to pay $615 million for the Bank of America Corp. office building on 100 Federal Street in Boston, the trust announced Tuesday.

In a regulatory filing with the U.S. Securities and Exchange Commission, the REIT said it reached the deal to buy the 37-story tower on Feb 16. and put up a $25 million deposit which it said will be refunded when the deal closes.

The company said the deal would face customary closing conditions, but...
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