Boston Properties Announces Redemption Price for $225M of 6.25% Senior Notes Due 2013

Boston Properties, Inc. BXP, a real estate investment trust, today announced the redemption price for the remaining $225 million in aggregate principal amount of 6.25% Senior Notes due 2013 (the “Notes”) issued by its operating partnership, Boston Properties Limited Partnership, which are being redeemed on August 24, 2012. The redemption price was determined in accordance with the applicable indenture and will be approximately $231.6 million. The redemption price includes approximately $1.5 million of accrued and unpaid interest to, but not including, the redemption date. Excluding such accrued and unpaid interest, the redemption price is approximately 102.25% of the principal amount being redeemed.