BXP · 8-K · 20261027PR000041

Acquisitions and Divestitures

BXP, Inc. · 2026-10-27 · Importance 45 · Surprise 42 · In source text

BXP reported total dispositions of 3,288,900 square feet with approximately $889.1 million of consideration and $569.7 million of net proceeds during 2026. The sales included non-strategic office and retail properties in South San Francisco, Bethesda/Chevy Chase, Alexandria, and Washington, DC, as well as residential properties. BXP sold a 10.55% interest in 343 Madison Avenue to AVRS Partners, whose aggregate investment is $81.5 million, including $50.7 million invested at closing. BXP retains 89.45% ownership and continues to consolidate the property because it retains effective control.

Key facts

• BXP completed a 10.55% partial equity interest sale in 343 Madison Avenue to AVRS Partners; the partner agreed to invest $81.5 million, including $50.7 million invested at closing, and BXP retained an 89.45% ownership interest. source
• BXP acquired a 20% ownership interest in 13150 Worldgate Drive in Herndon, Virginia, on June 4, 2026, for an initial investment share of $4.236 million and anticipated future investment of $22.164 million, totaling $26.400 million. source
• BXP acquired 860 & 870 Winter Street in Waltham, Massachusetts, on August 20, 2026, for an initial investment share of $30.287 million, with no anticipated future investment. source
• BXP disposed of North First Business Park land in San Jose, California, on January 14, 2026, for a gross sales price of $50.500 million and net cash proceeds of $49.437 million, recording a $229,000 book loss. source
• BXP disposed of Shady Grove Parcel 1 land in Rockville, Maryland, on February 5, 2026, for a gross sales price of $24.650 million and net cash proceeds of $23.546 million, recording a $763,000 book loss. source
• BXP disposed of a 50% ownership interest in 13150 Worldgate Drive in Herndon, Virginia, on June 4, 2026, for a gross sales price of $10.275 million and net cash proceeds of $10.248 million, recording an $832,000 book gain. source
• BXP’s anticipated sale of its leasehold interest in the Sumner Square property in Washington, DC, closed on August 5, 2026; the property had met held-for-sale criteria on May 29, 2026, and its classification resulted in an impairment write-down. source
• BXP recorded third-quarter 2026 gains on sales of real estate of $10.441 million. source

Impact estimates