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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
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Pursuant to Section 13 of 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 23, 1997
BOSTON PROPERTIES, INC.
(Exact name of Registrant as specified in its Charter)
Delaware
(State of Incorporation)
333-25279 04-2473675
(Commission File Number) (IRS Employer Id. Number)
8 Arlington Street
Boston, Massachusetts 02116
(Address of principal executive offices) (Zip Code)
(617) 859-2600
(Registrant's telephone number, including area code)
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Item 2 Acquisition or Disposition of Assets
On October 23, 1997, Boston Properties, Inc. (the "Company") through Boston
Properties Limited Partnership (the "Operating Partnership"), acquired 100 East
Pratt Street from International Business Machines ("IBM") for $137.5 million.
The acquisition was funded by $137.5 million draw down under the Company's $300
million Unsecured Line of Credit. Neither the Company, any subsidiary of the
Company, nor any director or officer of the Company was affiliated with or had a
material relationship with the seller of the property described below.
100 East Pratt Street (the "Property") consists of approximately 634,000 net
rentable square feet of Class A office space and an 8-story parking garage on
the inner harbor in downtown Baltimore, Maryland. Major tenants at the Property
include: T. Rowe Price, Tydings & Rosenberg and IBM. The occupancy rate for the
property is approximately 98%.
Item 7 Financial Statements and Exhibits
(a) Financial Statements Under Rule 3-14 of Regulation S-X
The Company has determined that it is impractical at this time to file audited
financial statements of 100 East Pratt Street for the year ended December 31,
1996 and the nine months ended September 30, 1997, as prescribed by Rule 3-14 of
Regulation S-X. Such statements will be filed by amendment as soon as
practicable, but in any event not later than November 28, 1997.
(b) Pro Forma Financial Statements
The Company has determined that it is impractical at this time to file pro forma
financial statements for the Company as prescribed by Article 11 of Regulation
S-X. Such statements will be filed by amendment as soon as practicable, but in
any event not later than November 28, 1997.
(c) Exhibits
Exhibit
No. Description
Amended and Restated Real Estate Purchase and Sale Contract between
International Business Machines as seller and Boston Properties
Limited Partnership, as buyer dated October , 1997. (a)
(a) To be filed by amendment.
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BOSTON PROPERTIES, INC.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
BOSTON PROPERTIES, INC.
/s/ David G. Gaw
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David G. Gaw
Senior Vice President and
Chief Financial Officer
Date: November 6, 1997
