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Investments

2

Portfolio Exits

2

About Equity Office Properties Trust

Equity Office Properties Trust Headquarter Location

171 Broad Street

Stamford, Connecticut, 06901,

United States

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Latest Equity Office Properties Trust News

Sources: Equity Office inks deal to sell 28 State St. to Rockefeller

Feb 18, 2014

Email  |  Twitter In the latest bid to shed its Boston area portfolio, Blackstone Group’s Equity Office Properties Trust has signed a deal to sell 28 State St. in Boston’s Financial District to a New York real estate firm, the Boston Business Journal has learned. A price has not been disclosed. Sources say the Rockefeller Group , which owns and manages 7.7 million square feet of premier office space from New York to Arizona, will buy the 40-story skyscraper which features more than 570,000 square feet of office space and 7,000 square feet of retail at the northeast corner of State and Congress streets. The tower was last assessed at $177 million. Officials from the Rockefeller Group and Equity Office did not immediately respond to a request for comment. The expected sale is the latest deal for the Blackstone Group; the private equity giant acquired Equity Office from billionaire Sam Zell for about $20 billion in 2006. In January, Shorenstein Properties bought 1-3 Center Plaza to for $307 million. Other recent Blackstone sales in the region have included: Wellesley Office Park for $237 million to Manulife Financial Corp.; New England Executive Park in Burlington to Charles River Investors for $216 million; 25 Mall Road in Burlington to TA Associates for $77.1 million; and Riverside Center at 275 Grove St. in Newton to Hines for $197 million. Additionally, Jamestown, an Atlanta-based real estate and investment firm, purchased a pair of Equity buildings in Cambridge’s Kendall Square for $192.6 million. Blackstone’s 16 remaining Greater Boston office holdings include 60 State St. and 100 Summer St. in Boston’s Financial District, 500 Boylston St., in Boston’s Back Bay, and 125 and 150 Cambridgepark Drive in West Cambridge. Industries:

Equity Office Properties Trust Investments

2 Investments

Equity Office Properties Trust has made 2 investments. Their latest investment was in CenterBeam as part of their Series C on November 11, 2000.

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Equity Office Properties Trust Investments Activity

investments chart

Equity Office Properties Trust Portfolio Exits

2 Portfolio Exits

Equity Office Properties Trust has 2 portfolio exits. Their latest portfolio exit was CenterBeam on June 18, 2013.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

6/18/2013

Acquired

$99M

1

4/20/2004

Acquired

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0

Date

6/18/2013

4/20/2004

Exit

Acquired

Acquired

Companies

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Valuation

$99M

Acquirer

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Sources

1

0

Equity Office Properties Trust Team

3 Team Members

Equity Office Properties Trust has 3 team members, including former Chief Executive Officer, Richard Kincaid.

Name

Work History

Title

Status

Richard Kincaid

Chief Executive Officer

Former

Scott M.

Senior Vice President

Former

Agnes Suerth

Trizec Properties

Controller

Former

Name

Richard Kincaid

Scott M.

Agnes Suerth

Work History

Trizec Properties

Title

Chief Executive Officer

Senior Vice President

Controller

Status

Former

Former

Former

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