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New York

Boston Properties will pay off portion of debt

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Mortimer Zuckerman’s Boston Properties will pay off some of the debt
coming due next year on three of its Manhattan buildings, said Douglas Linde,
the company’s president. Boston Properties, along with Goldman Sachs
Group and Meraas Capital, bought the General Motors building, 2 Grand
Central Tower, 125 West 55th Street and 540 Madison Avenue for $3.95
billion. Next year, $272.2 million worth of debt on the latter three
buildings is slated to come due.