Senior Housing REIT Puts Up $1.1B For Boston Office Towers

Law360, New York (February 11, 2014, 12:55 PM EST) -- Senior Housing Properties Trust will acquire for $1.1 billion two 15-story Class A biotechnology medical office buildings, which currently serve as Vertex Pharmaceuticals Inc.'s global headquarters, in Boston's premier Seaport District, the real estate investment trust announced Monday.

The newly constructed LEED Gold buildings at 11 Fan Pier Blvd. and 50 Northern Ave. comprise a total 1.65 million square feet of biomedical research facilities, corporate office space, structured parking and street-level retail space that will include dining, day care and banking, Newton, Mass.-based Senior Housing Properties...
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