Blackstone Said in Talks to Sell Offices for $2.5 Billion
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Blackstone Group LP is in talks to sell six prime office properties in the Boston area for about $2.5 billion as the buyout firm continues to dispose of assets from its 2007 takeover of Equity Office Properties Trust, said a person with knowledge of the negotiations.
The properties total about 3.6 million square feet (344,400 square meters) and are located mostly in downtown Boston, said the person, who asked not to be identified because the talks are private. The assets include 225 Franklin St. and 1 Memorial Drive in nearby Cambridge, where Microsoft Corp. has its New England research and development center, the person said.