BOSTON--(BUSINESS WIRE)--Nov. 14, 2013--
Boston Properties, Inc. (NYSE: BXP), a real estate investment
trust, announced that John F. Powers will succeed Robert E. Selsam as
Senior Vice President and Regional Manager of its New York office
effective January 2, 2014. Mr. Selsam has decided to retire from the
Company in January 2014 after more than 29 years of service.
Mortimer B. Zuckerman, Executive Chairman, commented, “On behalf of the
entire Boston Properties family, I want to thank Robert Selsam for his
contributions to our Company, our industry and our City. Robert not only
deftly managed the growth of our regional activities, but he helped
transform the City's skyline with innovative developments. He will be
greatly missed by all of us." Mr. Zuckerman went on to say, “John and I
have worked together for several decades, and I am thrilled that he is
joining our team.”
Mr. Powers is an industry veteran with more than 25 years of commercial
real estate experience. He currently is Chairman of the New York
Tri-State region for CBRE, Inc. where he contributes to the strategic
direction of CBRE’s Tri-State operations, while continuing to work
directly with clients. After joining ESG, which was later acquired by
CBRE, he built the firm’s consulting division into the strong and
integral part of the firm. Over his career he has developed many
occupancy strategies for large corporate users, advised clients on
numerous ground up developments, and brokered millions of square feet of
transactions.
"We are delighted to attract such an experienced and energetic leader as
John to head our New York Office," said Owen D. Thomas, Chief Executive
Officer. “In addition to being one of Boston Properties' most trusted
advisors in the New York market, John has significant management
experience, a wealth of local relationships and a well-deserved
reputation as a creative deal maker.”
Boston Properties is a fully integrated, self-administered and
self-managed real estate investment trust that develops, redevelops,
acquires, manages, operates and owns a diverse portfolio of Class A
office space, one hotel, three residential properties and four retail
properties. Boston Properties is one of the largest owners and
developers of Class A office properties in the United States,
concentrated in five markets – Boston, New York, Princeton, San
Francisco and Washington, DC.
Source: Boston Properties
Boston Properties, Inc.
Michael Walsh, 617-236-3410
Senior
Vice President, Finance
or
Arista Joyner, 617-236-3343
Investor
Relations Manager