The Real Deal New York

Boston Properties takes Eighth Ave

March 06, 2007 12:00AM

Boston Properties and Madison Equities purchased parcels on the east side of Eighth Avenue between 54th and 55th streets for $160 million. The deal comes hot on the heels of the same partnership’s purchase of 247-259 West 54th Street, which is adjacent to the newly acquired parcels. The combined sites could support an office tower of 850,000 square feet. And these deals follow the recent Boston-Related Cos. purchase of another group of parcels on Eighth Avenue between 45th and 46th streets, which could also eventually see the construction of a huge office tower. more [Post]

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