Ongoing Agreements, Successful Acquisitions, Amended Loans & Facilities, and New Leases - Research Report on Boston, Digital

 Ongoing Agreements, Successful Acquisitions, Amended Loans & Facilities, and
   New Leases - Research Report on Boston, Digital Realty, Alexandria Real
                    Estate, Highwoods, and Chambers Street

Editor Note: For more information about this release, please scroll to bottom

PR Newswire

NEW YORK, September 12, 2013

NEW YORK, September 12, 2013 /PRNewswire/ --

Today, Analysts' Corner announced new research reports highlighting Boston
Properties Inc. (NYSE: BXP), Digital Realty Trust Inc. (NYSE: DLR), Alexandria
Real Estate Equities Inc. (NYSE: ARE), Highwoods Properties Inc. (NYSE: HIW),
and Chambers Street Properties (NYSE: CSG). Today's readers may access these
reports free of charge - including full price targets, industry analysis and
analyst ratings - via the links below.

Boston Properties Inc. Research Report

On September 9, 2013, Boston Properties Inc. (Boston Properties) reported that
it has finalized an agreement to sell a 45% interest in the ground leasehold
interest and related tax credits in Times Square Tower - a Class A office
tower located in the Times Square in New York City, to an affiliate of Norges
Bank for a gross purchase price of $684 million in cash. According to the
Company, the property is free from debt. Boston Properties' Executive Chairman
Mortimer B. Zuckerman said, "We are extremely pleased to form a new and
important relationship with such a strong and reputable organization as Norges
Bank, while at the same time once again demonstrating our ability to create
and realize value for our shareholders through our development and management
expertise." The Company further informed that Boston Properties and an
affiliate of Norges Bank will form a joint venture upon closing of the
transaction, and Boston Properties will retain property and leasing management
for the venture. The Full Research Report on Boston Properties Inc. -
including full detailed breakdown, analyst ratings and price targets - is
available to download free of charge at:
[http://www.AnalystsCorner.com/r/full_research_report/c1da_BXP]

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Digital Realty Trust Inc. Research Report

On September 3, 2013, Digital Realty Trust Inc. (Digital Realty) announced
that the Company has completed the acquisition of a 15,000 square metre site
in Osaka, Japan for a purchase price of $10.5 million. The Company informed
that the acquisition symbolizes Digital Realty's entrance into the Japan
market. Michael F. Foust, CEO of Digital Realty, commented, "Our customers
continue to demand enterprise-quality data centres on a global scale. The
acquisition of our first site in Japan enables us to expand our world-class
data centre platform to meet the growing domestic and global demand for
critical IT facilities in Osaka." The Full Research Report on Digital Realty
Trust Inc. - including full detailed breakdown, analyst ratings and price
targets - is available to download free of charge at:
[http://www.AnalystsCorner.com/r/full_research_report/2eca_DLR]

--

Alexandria Real Estate Equities Inc. Research Report

On September 5, 2013, Alexandria Real Estate Equities Inc.'s (Alexandria Real
Estate) announced that on August 30, 2013, the Company has amended and
extended its current revolving credit agreement (the Amended Credit
Agreement). According to the Company, the Amended Credit Agreement modifies
certain financial covenants, reduces the applicable interest rate margins and
facility fees and extends the maturity date to January 2019, provided that the
Company exercises its right to extend the maturity date twice by an additional
six months for each exercise upon the satisfaction of certain conditions. Dean
A. Shigenaga, CFO for Alexandria Real Estate commented, "Since September 30,
2012, the Company has reduced outstanding borrowings under its unsecured
senior line of credit and bank term loans by $563 million from approximately
$1.8 billion to $1.2 billion as of June 30, 2013. Our relationship credit
facility lenders continue to provide significant and important liquidity to
the Company through these credit facilities, including $1.5 billion available
for borrowing under its unsecured senior line of credit." The Full Research
Report on Alexandria Real Estate Equities Inc. - including full detailed
breakdown, analyst ratings and price targets - is available to download free
of charge at: [http://www.AnalystsCorner.com/r/full_research_report/5637_ARE]

--

Highwoods Properties Inc. Research Report

On September 5, 2013, Highwoods Properties Inc. (Highwoods) announced that it
has successfully procured The Pinnacle at Symphony Place - a 29-story, 520,000
square foot LEED Gold Class A office building, in CBD Nashville. Highwoods
informed that the Company's total investment in the building is expected to be
$152.8 million. According to the Company, the Pinnacle is currently 84.9%
leased and is expected to generate full year 2014 cash and GAAP net operating
income of $8.8 million and $10.7 million, respectively. Ed Fritsch, President
and CEO of Highwoods, commented, "The Pinnacle, the finest Class A CBD office
building in all of Tennessee, is an outstanding addition to our portfolio. The
building has an average remaining lease term of 11 years, with less than two
percent expiring in the next five years, and we forecast occupancy at The
Pinnacle to 93% within two years." The Full Research Report on Highwoods
Properties Inc. - including full detailed breakdown, analyst ratings and price
targets - is available to download free of charge at:
[http://www.AnalystsCorner.com/r/full_research_report/b25d_HIW]

--

Chambers Street Properties Research Report

On September 4, 2013, Chambers Street Properties (Chambers Street) announced
that it has finalized two long-term leases at 505 Century, which brings the
warehouse/distribution property located in Allen, Texas to 100% occupancy.
Chambers Street stated that Texas Valve & Fitting Company, LLC agreed to a
long-term lease totaling 22,400 square feet and Standex International
Corporation agreed to a long-term lease amounting to 33,144 square feet. Glenn
Wylie, Assistant Vice President, Portfolio Management, Chambers Street
commented, "We believe the location and quality of the building was an
integral part in both companies' strategic plans. 505 Century, which was built
in 1997, has exceptional interstate access and is situated in the northeast
submarket along the Richardson/Plano Telecom Corridor in Metro Dallas." The
Full Research Report on Chambers Street Properties - including full detailed
breakdown, analyst ratings and price targets - is available to download free
of charge at: [http://www.AnalystsCorner.com/r/full_research_report/bd89_CSG]

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