In one of the largest U.S. office property sales of the year, Santa Monica Business Park has sold for $627.5 million.
Boston-based real estate owner and developer Boston Properties Inc. closed today on its anticipated acquisition of the 1.2 million-square-foot office park in the tony beachside city after forming a joint venture with Toronto's Canada Pension Plan Investment Board.
The joint venture bought the leasehold interest in the 21-building...
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