Deals
Boston Properties to Buy Boston’s John Hancock Tower
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Boston Properties Inc. agreed to buy Boston’s John Hancock Tower, New England’s tallest building, for $930 million as the office landlord seeks to expand in the city.
The company will pay $289.5 million in cash for the 62-story tower and assume about $640.5 million in debt, according to a statement from the real estate investment trust. Boston Properties already owns the Prudential Center in the city’s Back Bay area, where it has its corporate headquarters.