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Real Estate and Accumulated Depreciation Real Estate and Accumulated Depreciation (Tables)
12 Months Ended
Dec. 31, 2016
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]  
Real Estate and Accumulated Depreciation, By Property [Table Text Block]
Boston Properties, Inc.
Schedule 3 - Real Estate and Accumulated Depreciation
December 31, 2016
(dollars in thousands)
Property Name
 
Type
 
Location
 
Encumbrances
 
Original
 
Costs
Capitalized
Subsequent
to
Acquisition
 
Land and Improvements
 
Building and
Improvements
 
Land
Held for
Development
 
Development
and
Construction
in Progress
 
Total
 
Accumulated
Depreciation
 
Year(s) Built/
Renovated
 
Year(s) Acquired
 
Depreciable
Lives  (Years)
 
Land
 
Building
 
 
767 Fifth Avenue (the General Motors Building)
 
Office
 
New York, NY
 
$
1,333,625

 
$
1,796,252

 
$
1,532,654

 
$
75,211

 
$
1,796,252

 
$
1,607,865

 
$

 
$

 
$
3,404,117

 
$
189,209

 
1968
 
2013
 
(1)
Prudential Center
 
Office
 
Boston, MA
 

 
92,077

 
734,594

 
656,606

 
115,638

 
1,214,787

 

 
152,852

 
1,483,277

 
482,661

 
1965/1993/2002/2016
 
1998/1999/2000
 
(1)
Embarcadero Center
 
Office
 
San Francisco, CA
 

 
179,697

 
847,410

 
343,726

 
195,987

 
1,174,846

 

 

 
1,370,833

 
560,416

 
1970/1989
 
1998-1999
 
(1)
399 Park Avenue
 
Office
 
New York, NY
 

 
339,200

 
700,358

 
132,062

 
354,107

 
817,513

 

 

 
1,171,620

 
287,748

 
1961
 
2002
 
(1)
200 Clarendon Street and Garage
 
Office
 
Boston, MA
 

 
219,543

 
667,884

 
115,996

 
219,616

 
777,557

 
6,250

 

 
1,003,423

 
140,629

 
1976
 
2010
 
(1)
601 Lexington Avenue
 
Office
 
New York, NY
 
684,858

 
241,600

 
494,782

 
196,359

 
289,639

 
620,487

 

 
22,615

 
932,741

 
239,984

 
1977/1997
 
2001
 
(1)
250 West 55th Street
 
Office
 
New York, NY
 

 
285,263

 
603,167

 
35,668

 
285,263

 
638,835

 

 

 
924,098

 
49,852

 
2014
 
2007
 
(1)
Times Square Tower
 
Office
 
New York, NY
 

 
165,413

 
380,438

 
87,583

 
169,193

 
464,241

 

 

 
633,434

 
178,904

 
2004
 
2000
 
(1)
Carnegie Center
 
Office
 
Princeton, NJ
 

 
105,107

 
377,259

 
149,576

 
106,734

 
522,654

 
2,554

 

 
631,942

 
211,035

 
1983-2016
 
1998/1999/2000/2007/2014
 
(1)
100 Federal Street
 
Office
 
Boston, MA
 

 
131,067

 
435,954

 
38,611

 
131,067

 
474,565

 

 

 
605,632

 
77,409

 
1971-1975
 
2012
 
(1)
Atlantic Wharf
 
Office
 
Boston, MA
 

 
63,988

 
454,537

 
17,442

 
63,988

 
471,979

 

 

 
535,967

 
85,984

 
2011
 
2007
 
(1)
Fountain Square
 
Office
 
Reston, VA
 

 
56,853

 
306,298

 
17,748

 
56,853

 
320,759

 
3,287

 

 
380,899

 
50,106

 
1986-1990
 
2012
 
(1)
510 Madison Avenue
 
Office
 
New York, NY
 

 
103,000

 
253,665

 
21,952

 
103,000

 
275,617

 

 

 
378,617

 
44,515

 
2012
 
2010
 
(1)
599 Lexington Avenue
 
Office
 
New York, NY
 

 
81,040

 
100,507

 
169,222

 
87,852

 
262,917

 

 

 
350,769

 
168,776

 
1986
 
1997
 
(1)
680 Folsom Street
 
Office
 
San Francisco, CA
 

 
72,545

 
219,766

 
7,352

 
72,545

 
227,118

 

 

 
299,663

 
21,845

 
2014
 
2012
 
(1)
South of Market and Democracy Tower
 
Office
 
Reston, VA
 

 
13,603

 
237,479

 
15,455

 
13,687

 
252,850

 

 

 
266,537

 
79,868

 
2008-2009
 
2003
 
(1)
601 Massachusetts Avenue
 
Office
 
Washington, DC
 

 
95,310

 
165,173

 
12

 
95,322

 
165,173

 

 

 
260,495

 
6,534

 
2016
 
2008
 
(1)
Bay Colony Corporate Center
 
Office
 
Waltham, MA
 

 
18,789

 
148,451

 
68,371

 
18,789

 
216,822

 

 

 
235,611

 
46,015

 
1985-1989
 
2011
 
(1)
Gateway Center
 
Office
 
San Francisco, CA
 

 
28,255

 
139,245

 
55,680

 
30,627

 
192,553

 

 

 
223,180

 
98,003

 
1984/1986/2002
 
1999
 
(1)
535 Mission Street
 
Office
 
San Francisco, CA
 

 
40,933

 
148,378

 
2,015

 
40,933

 
150,393

 

 

 
191,326

 
8,844

 
2015
 
2013
 
(1)
2200 Pennsylvania Avenue
 
Office
 
Washington, DC
 

 

 
183,541

 
5,047

 

 
188,588

 

 

 
188,588

 
39,956

 
2011
 
2008
 
(1)
Mountain View Research Park
 
Office
 
Mountain View, CA
 

 
95,066

 
68,373

 
6,491

 
95,066

 
74,864

 

 

 
169,930

 
12,849

 
1977-1981/2007-2013
 
2013
 
(1)
Reservoir Place
 
Office
 
Waltham, MA
 

 
18,605

 
92,619

 
53,163

 
20,118

 
129,712

 

 
14,557

 
164,387

 
61,362

 
1955/1987
 
1997/1998
 
(1)
1330 Connecticut Avenue
 
Office
 
Washington, DC
 

 
25,982

 
82,311

 
32,276

 
27,135

 
113,434

 

 

 
140,569

 
34,137

 
1984
 
2004
 
(1)
1333 New Hampshire Avenue
 
Office
 
Washington, DC
 

 
34,032

 
85,660

 
11,147

 
35,382

 
95,457

 

 

 
130,839

 
37,996

 
1996
 
2003
 
(1)
Kingstowne Towne Center
 
Office
 
Alexandria, VA
 

 
18,021

 
109,038

 
1,083

 
18,062

 
110,080

 

 

 
128,142

 
36,551

 
2003-2006
 
2007
 
(1)
Capital Gallery
 
Office
 
Washington, DC
 

 
4,725

 
29,565

 
89,028

 
8,662

 
114,656

 

 

 
123,318

 
61,569

 
1981/2006
 
2007
 
(1)
Boston Properties, Inc.
Schedule 3 - Real Estate and Accumulated Depreciation
December 31, 2016
(dollars in thousands)
Property Name
 
Type
 
Location
 
Encumbrances
 
Original
 
Costs
Capitalized
Subsequent
to
Acquisition
 
Land and Improvements
 
Building and
Improvements
 
Land
Held for
Development
 
Development
and
Construction
in Progress
 
Total
 
Accumulated
Depreciation
 
Year(s) Built/
Renovated
 
Year(s) Acquired
 
Depreciable
Lives  (Years)
 
Land
 
Building
 
 
One Freedom Square
 
Office
 
Reston, VA
 

 
9,929

 
84,504

 
28,646

 
11,293

 
111,786

 

 

 
123,079

 
45,550

 
2000
 
2003
 
(1)
Weston Corporate Center
 
Office
 
Weston, MA
 

 
25,753

 
92,312

 
(123
)
 
25,854

 
92,088

 

 

 
117,942

 
20,074

 
2010
 
2001
 
(1)
Two Freedom Square
 
Office
 
Reston, VA
 

 
13,930

 
77,739

 
22,756

 
15,420

 
99,005

 

 

 
114,425

 
44,569

 
2001
 
2003
 
(1)
One and Two Reston Overlook
 
Office
 
Reston, VA
 

 
16,456

 
66,192

 
24,634

 
16,179

 
91,103

 

 

 
107,282

 
40,513

 
1999
 
2000
 
(1)
Discovery Square
 
Office
 
Reston, VA
 

 
11,198

 
71,782

 
22,642

 
12,533

 
93,089

 

 

 
105,622

 
39,605

 
2001
 
2003
 
(1)
140 Kendrick Street
 
Office
 
Needham, MA
 

 
18,095

 
66,905

 
15,466

 
19,092

 
81,374

 

 

 
100,466

 
26,141

 
2000
 
2004
 
(1)
355 Main Street
 
Office
 
Cambridge, MA
 

 
18,863

 
53,346

 
27,658

 
21,173

 
78,694

 

 

 
99,867

 
25,345

 
1981/1996/2013
 
2006
 
(1)
90 Broadway
 
Office
 
Cambridge, MA
 

 
19,104

 
52,078

 
17,048

 
20,785

 
67,445

 

 

 
88,230

 
17,087

 
1983/1998/2013
 
2006
 
(1)
10 CityPoint
 
Office
 
Waltham, MA
 

 
1,953

 
85,752

 
163

 
2,116

 
85,752

 

 

 
87,868

 
1,601

 
2016
 
1997
 
(1)
230 CityPoint
 
Office
 
Waltham, MA
 

 
13,189

 
49,823

 
20,187

 
13,593

 
69,606

 

 

 
83,199

 
23,437

 
1992
 
2005
 
(1)
Waltham Weston Corporate Center
 
Office
 
Waltham, MA
 

 
10,385

 
60,694

 
10,889

 
11,097

 
70,871

 

 

 
81,968

 
27,310

 
2003
 
1999
 
(1)
77 CityPoint
 
Office
 
Waltham, MA
 

 
13,847

 
60,383

 
5,703

 
13,873

 
66,060

 

 

 
79,933

 
20,981

 
2008
 
2001
 
(1)
3625-3635 Peterson Way
 
Office
 
Santa Clara, CA
 

 
63,206

 
14,879

 
31

 
63,206

 
14,879

 
31

 

 
78,116

 
2,093

 
1979
 
2016
 
(1)
North First Business Park
 
Office
 
San Jose, CA
 

 
58,402

 
13,069

 
3,932

 
23,377

 
16,116

 
35,910

 

 
75,403

 
15,811

 
1981
 
2007
 
(1)
2440 West El Camino Real
 
Office
 
Mountain View, CA
 

 
16,741

 
51,285

 
1,814

 
16,741

 
53,099

 

 

 
69,840

 
9,817

 
1987/2003
 
2011
 
(1)
300 Binney Street
 
Office
 
Cambridge, MA
 

 
18,080

 
51,262

 
140

 
18,080

 
51,402

 

 

 
69,482

 
6,059

 
2013
 
2009
 
(1)
Reston Corporate Center
 
Office
 
Reston, VA
 

 
9,135

 
50,857

 
6,256

 
10,148

 
56,100

 

 

 
66,248

 
25,244

 
1984
 
1998
 
(1)
Wisconsin Place
 
Office
 
Chevy Chase, MD
 

 

 
53,349

 
9,884

 

 
63,233

 

 

 
63,233

 
16,406

 
2009
 
2004
 
(1)
New Dominion Technology Park, Bldg. Two
 
Office
 
Herndon, VA
 

 
5,584

 
51,868

 
4,094

 
6,510

 
55,036

 

 

 
61,546

 
21,908

 
2004
 
1998
 
(1)
200 West Street
 
Office
 
Waltham, MA
 

 
16,148

 
24,983

 
10,102

 
16,813

 
34,420

 

 

 
51,233

 
19,535

 
1999
 
1997
 
(1)
New Dominion Technology Park, Bldg. One
 
Office
 
Herndon, VA
 
35,485

 
3,880

 
43,227

 
3,883

 
4,583

 
46,407

 

 

 
50,990

 
24,362

 
2001
 
1998
 
(1)
Sumner Square
 
Office
 
Washington, DC
 

 
624

 
28,745

 
19,428

 
1,478

 
47,319

 

 

 
48,797

 
22,237

 
1985
 
1999
 
(1)
University Place
 
Office
 
Cambridge, MA
 
9,119

 

 
37,091

 
9,501

 
390

 
46,202

 

 

 
46,592

 
25,207

 
1985
 
1998
 
(1)
2600 Tower Oaks Boulevard
 
Office
 
Rockville, MD
 

 
4,243

 
31,125

 
9,081

 
4,785

 
39,664

 

 

 
44,449

 
19,801

 
2001
 
1998
 
(1)
255 Main Street
 
Office
 
Cambridge, MA
 

 
134

 
25,110

 
17,087

 
548

 
41,783

 

 

 
42,331

 
27,499

 
1987
 
1997
 
(1)
Quorum Office Park
 
Office
 
Chelmsford, MA
 

 
3,750

 
32,454

 
5,813

 
5,187

 
36,830

 

 

 
42,017

 
15,633

 
2001
 
2000
 
(1)
500 E Street
 
Office
 
Washington, DC
 

 
109

 
22,420

 
13,219

 
2,379

 
33,369

 

 

 
35,748

 
22,987

 
1987
 
1997
 
(1)
150 Broadway
 
Office
 
Cambridge, MA
 

 
850

 
25,042

 
8,623

 
1,323

 
33,192

 

 

 
34,515

 
15,545

 
1999
 
1997
 
(1)
325 Main Street
 
Office
 
Cambridge, MA
 

 
174

 
12,200

 
12,256

 
965

 
23,665

 

 

 
24,630

 
12,266

 
1987/2013
 
1997
 
(1)
105 Broadway
 
Office
 
Cambridge, MA
 

 
1,299

 
12,943

 
7,198

 
2,395

 
19,045

 

 

 
21,440

 
13,018

 
1990
 
1997
 
(1)
Lexington Office Park
 
Office
 
Lexington, MA
 

 
998

 
1,426

 
17,481

 
1,264

 
18,641

 

 

 
19,905

 
12,490

 
1982
 
1997
 
(1)
40 Shattuck Road
 
Office
 
Andover, MA
 

 
709

 
14,740

 
3,368

 
893

 
17,924

 

 

 
18,817

 
7,505

 
2001
 
1997
 
(1)
201 Spring Street
 
Office
 
Lexington, MA
 

 
2,849

 
15,303

 
14

 
3,124

 
15,042

 

 

 
18,166

 
7,462

 
1997
 
1997
 
(1)
The Point
 
Office
 
Waltham, MA
 

 
6,395

 
10,040

 
408

 
6,480

 
10,363

 

 

 
16,843

 
397

 
2015
 
2007
 
(1)
92-100 Hayden Avenue
 
Office
 
Lexington, MA
 

 
594

 
6,748

 
8,181

 
802

 
14,721

 

 

 
15,523

 
12,062

 
1985
 
1997
 
(1)
91 Hartwell Avenue
 
Office
 
Lexington, MA
 

 
784

 
6,464

 
8,254

 
941

 
14,561

 

 

 
15,502

 
9,062

 
1985
 
1997
 
(1)
Boston Properties, Inc.
Schedule 3 - Real Estate and Accumulated Depreciation
December 31, 2016
(dollars in thousands)
Property Name
 
Type
 
Location
 
Encumbrances
 
Original
 
Costs
Capitalized
Subsequent
to
Acquisition
 
Land and Improvements
 
Building and
Improvements
 
Land
Held for
Development
 
Development
and
Construction
in Progress
 
Total
 
Accumulated
Depreciation
 
Year(s) Built/
Renovated
 
Year(s) Acquired
 
Depreciable
Lives  (Years)
 
Land
 
Building
 
 
690 Folsom Street
 
Office
 
San Francisco, CA
 

 
3,219

 
11,038

 
1,157

 
3,219

 
12,195

 

 

 
15,414

 
801

 
2015
 
2012
 
(1)
145 Broadway
 
Office
 
Cambridge, MA
 

 
121

 
5,535

 
7,173

 
324

 
10,637

 

 
1,868

 
12,829

 
8,676

 
1984
 
1997
 
(1)
181 Spring Street
 
Office
 
Lexington, MA
 

 
1,066

 
9,520

 
2,195

 
1,160

 
11,621

 

 

 
12,781

 
4,876

 
1999
 
1997
 
(1)
195 West Street
 
Office
 
Waltham, MA
 

 
1,611

 
6,652

 
4,340

 
1,858

 
10,745

 

 

 
12,603

 
7,517

 
1990
 
1997
 
(1)
33 Hayden Avenue
 
Office
 
Lexington, MA
 

 
266

 
3,234

 
8,787

 
425

 
11,862

 

 

 
12,287

 
7,612

 
1979
 
1997
 
(1)
7501 Boston Boulevard, Building Seven
 
Office
 
Springfield, VA
 

 
665

 
9,273

 
535

 
791

 
9,682

 

 

 
10,473

 
4,596

 
1997
 
1997
 
(1)
7435 Boston Boulevard, Building One
 
Office
 
Springfield, VA
 

 
392

 
3,822

 
5,116

 
659

 
8,671

 

 

 
9,330

 
6,356

 
1982
 
1997
 
(1)
250 Binney Street
 
Office
 
Cambridge, MA
 

 
110

 
4,483

 
3,593

 
273

 
7,913

 

 

 
8,186

 
4,684

 
1983
 
1997
 
(1)
7450 Boston Boulevard, Building Three
 
Office
 
Springfield, VA
 

 
1,165

 
4,681

 
1,807

 
1,430

 
6,223

 

 

 
7,653

 
3,321

 
1987
 
1998
 
(1)
8000 Grainger Court, Building Five
 
Office
 
Springfield, VA
 

 
366

 
4,282

 
2,607

 
601

 
6,654

 

 

 
7,255

 
5,416

 
1984
 
1997
 
(1)
453 Ravendale Drive
 
Office
 
Mountain View, CA
 

 
5,477

 
1,090

 
408

 
5,477

 
1,498

 

 

 
6,975

 
338

 
1977
 
2012
 
(1)
7500 Boston Boulevard, Building Six
 
Office
 
Springfield, VA
 

 
138

 
3,749

 
2,487

 
406

 
5,968

 

 

 
6,374

 
4,538

 
1985
 
1997
 
(1)
17 Hartwell Avenue
 
Office
 
Lexington, MA
 

 
26

 
150

 
6,109

 
65

 
6,220

 

 

 
6,285

 
552

 
1968
 
1997
 
(1)
7601 Boston Boulevard, Building Eight
 
Office
 
Springfield, VA
 

 
200

 
878

 
5,047

 
551

 
5,574

 

 

 
6,125

 
4,043

 
1986
 
1997
 
(1)
7300 Boston Boulevard, Building Thirteen
 
Office
 
Springfield, VA
 

 
608

 
4,773

 
709

 
661

 
5,429

 

 

 
6,090

 
5,012

 
2002
 
1997
 
(1)
8000 Corporate Court, Building Eleven
 
Office
 
Springfield, VA
 

 
136

 
3,071

 
1,615

 
775

 
4,047

 

 

 
4,822

 
2,784

 
1989
 
1997
 
(1)
7375 Boston Boulevard, Building Ten
 
Office
 
Springfield, VA
 

 
23

 
2,685

 
912

 
93

 
3,527

 

 

 
3,620

 
2,472

 
1988
 
1997
 
(1)
7374 Boston Boulevard, Building Four
 
Office
 
Springfield, VA
 

 
241

 
1,605

 
1,738

 
398

 
3,186

 

 

 
3,584

 
2,452

 
1984
 
1997
 
(1)
7451 Boston Boulevard, Building Two
 
Office
 
Springfield, VA
 

 
249

 
1,542

 
1,659

 
613

 
2,837

 

 

 
3,450

 
2,330

 
1982
 
1997
 
(1)
32 Hartwell Avenue
 
Office
 
Lexington, MA
 

 
168

 
1,943

 
1,012

 
314

 
2,809

 

 

 
3,123

 
1,905

 
1968/1979/1987
 
1997
 
(1)
164 Lexington Road
 
Office
 
Billerica, MA
 

 
592

 
1,370

 
319

 
643

 
1,638

 

 

 
2,281

 
827

 
1982
 
1997
 
(1)
The Avant at Reston Town Center
 
Residential
 
Reston, VA
 

 
20,350

 
91,995

 
815

 
20,350

 
92,810

 

 

 
113,160

 
7,306

 
2014
 
2010
 
(1)
The Lofts at Atlantic Wharf
 
Residential
 
Boston, MA
 

 
3,529

 
54,891

 
1,663

 
3,529

 
56,554

 

 

 
60,083

 
8,105

 
2011
 
2007
 
(1)
Boston Marriott Cambridge
 
Hotel
 
Cambridge, MA
 

 
478

 
37,918

 
37,067

 
1,201

 
74,262

 

 

 
75,463

 
50,954

 
1986
 
1997
 
(1)
Kendall Center Green Garage
 
Garage
 
Cambridge, MA
 

 

 
35,035

 
7,391

 
103

 
42,323

 

 

 
42,426

 
9,334

 
1984
 
2006
 
(1)
Kendall Center Yellow Garage
 
Garage
 
Cambridge, MA
 

 
1,256

 
15,697

 
1,571

 
1,434

 
17,090

 

 

 
18,524

 
4,723

 
2006
 
2004
 
(1)
Kendall Center Blue Garage
 
Garage
 
Cambridge, MA
 

 
1,163

 
11,633

 
2,770

 
1,579

 
13,987

 

 

 
15,566

 
9,325

 
1990
 
1997
 
(1)
Salesforce Tower
 
Development
 
San Francisco, CA
 

 

 

 
723,866

 

 

 

 
723,866

 
723,866

 

 
N/A
 
2013
 
N/A
Signature at Reston (formerly Reston Signature Site)
 
Development
 
Reston, VA
 

 

 

 
96,444

 

 

 

 
96,444

 
96,444

 

 
N/A
 
2013
 
N/A
191 Spring Street
 
Development
 
Lexington, MA
 

 
2,850

 
27,166

 
3,134

 
3,151

 
28,576

 

 
1,423

 
33,150

 
21,660

 
1971/1995
 
1997
 
(1)
Boston Properties, Inc.
Schedule 3 - Real Estate and Accumulated Depreciation
December 31, 2016
(dollars in thousands)
Property Name
 
Type
 
Location
 
Encumbrances
 
Original
 
Costs
Capitalized
Subsequent
to
Acquisition
 
Land and Improvements
 
Building and
Improvements
 
Land
Held for
Development
 
Development
and
Construction
in Progress
 
Total
 
Accumulated
Depreciation
 
Year(s) Built/
Renovated
 
Year(s) Acquired
 
Depreciable
Lives  (Years)
 
Land
 
Building
 
 
Proto at Cambridge (formerly Cambridge Residential / 88 Ames)
 
Development
 
Cambridge, MA
 

 

 

 
24,334

 

 

 

 
24,334

 
24,334

 

 
N/A
 
2015
 
N/A
Springfield Metro Center
 
Land
 
Springfield, VA
 

 

 

 
35,430

 

 

 
35,430

 

 
35,430

 

 
N/A
 
2007
 
N/A
Tower Oaks Master Plan
 
Land
 
Rockville, MD
 

 

 

 
29,209

 

 

 
29,209

 

 
29,209

 

 
N/A
 
1998
 
N/A
Plaza at Almaden
 
Land
 
San Jose, CA
 

 

 

 
29,081

 

 

 
29,081

 

 
29,081

 

 
N/A
 
2006
 
N/A
6601 & 6605 Springfield Center Drive
 
Land
 
Springfield, VA
 

 

 

 
13,866

 

 

 
13,866

 

 
13,866

 

 
N/A
 
2007
 
N/A
214 Third Avenue
 
Land
 
Waltham, MA
 

 

 

 
13,795

 

 
146

 
13,649

 

 
13,795

 

 
N/A
 
2006
 
N/A
103 Fourth Avenue
 
Land
 
Waltham, MA
 

 

 

 
12,052

 

 
49

 
12,003

 

 
12,052

 

 
N/A
 
2007
 
N/A
20 CityPoint
 
Land
 
Waltham, MA
 

 

 

 
11,666

 

 

 
11,666

 

 
11,666

 

 
N/A
 
2007
 
N/A
Reston Gateway
 
Land
 
Reston, VA
 

 

 

 
10,841

 

 

 
10,841

 

 
10,841

 

 
N/A
 
1998
 
N/A
Reston Eastgate
 
Land
 
Reston, VA
 

 

 

 
9,906

 

 

 
9,906

 

 
9,906

 

 
N/A
 
2001
 
N/A
Crane Meadow
 
Land
 
Marlborough, MA
 

 

 

 
8,754

 

 

 
8,754

 

 
8,754

 

 
N/A
 
2000
 
N/A
Washingtonian North
 
Land
 
Gaithersburg, MD
 

 

 

 
7,697

 

 

 
7,697

 

 
7,697

 

 
N/A
 
1998
 
N/A
Kendall Center Master Plan
 
Land
 
Cambridge, MA
 

 

 

 
4,062

 

 

 
4,062

 

 
4,062

 

 
N/A
 
N/A
 
N/A
Fourth and Harrison
 
Land
 
San Francisco, CA
 

 

 

 
3,936

 

 

 
3,936

 

 
3,936

 

 
N/A
 
N/A
 
N/A
North First Master Plan
 
Land
 
San Jose, CA
 

 

 

 
3,014

 

 

 
3,014

 

 
3,014

 

 
N/A
 
2007
 
N/A
Broad Run Business Park
 
Land
 
Loudoun County, VA
 

 

 

 
2,694

 

 

 
2,694

 

 
2,694

 

 
N/A
 
1998
 
N/A
MacArthur Station
 
Land
 
Oakland, CA
 

 

 

 
1,316

 

 

 
1,316

 

 
1,316

 

 
N/A
 
N/A
 
N/A
30 Shattuck Road
 
Land
 
Andover, MA
 

 

 

 
1,214

 

 

 
1,214

 

 
1,214

 

 
N/A
 
1997
 
N/A
2100 Pennsylvania Avenue
 
Land
 
Washington, DC
 

 

 

 
286

 

 

 
286

 

 
286

 

 
N/A
 
N/A
 
N/A
 
 
 
 
 
 
$
2,063,087

(2
)
$
4,759,821

 
$
11,416,957

 
$
3,937,798

 
$
4,879,020

 
$
13,950,941

 
$
246,656

(3
)
$
1,037,959

 
$
20,114,576

 
$
4,201,891

 
 
 
 
 
 


Note: Total Real Estate does not include Furniture, Fixtures and Equipment totaling approximately $32,687. Accumulated Depreciation does not include approximately $20,344 of accumulated depreciation related to Furniture, Fixtures and Equipment.
 
The aggregate cost and accumulated depreciation for tax purposes was approximately $15.8 billion and $3.2 billion, respectively.
 
(1)
Depreciation of the buildings and improvements are calculated over lives ranging from the life of the lease to 40 years.
(2)
Includes the unamortized balance of the historical fair value adjustment and unamortized deferred financing costs totaling approximately $33.8 million and $(2.4) million, respectively.
(3)
Includes pre-development costs.
Activity of Real Estate and Accumulated Depreciation [Table Text Block]
A summary of activity for real estate and accumulated depreciation is as follows:
 
 
 
2016
 
2015
 
2014
Real Estate:
 
 
 
 
 
 
Balance at the beginning of the year
 
$
19,451,683

 
$
19,208,417

 
$
18,953,601

Additions to/improvements of real estate
 
977,287

 
700,792

 
594,296

Assets sold/written-off
 
(314,394
)
 
(457,526
)
 
(339,480
)
Balance at the end of the year
 
$
20,114,576

 
$
19,451,683

 
$
19,208,417

Accumulated Depreciation:
 
 
 
 
 
 
Balance at the beginning of the year
 
$
3,905,940

 
$
3,529,978

 
$
3,145,701

Depreciation expense
 
560,024

 
486,450

 
456,176

Assets sold/written-off
 
(264,073
)
 
(110,488
)
 
(71,899
)
Balance at the end of the year
 
$
4,201,891

 
$
3,905,940

 
$
3,529,978

 
Note: Real Estate and Accumulated Depreciation amounts do not include Furniture, Fixtures and Equipment.
Boston Properties Limited Partnership  
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]  
Real Estate and Accumulated Depreciation, By Property [Table Text Block]
Boston Properties Limited Partnership
Schedule 3—Real Estate and Accumulated Depreciation
December 31, 2016
(dollars in thousands)

 
 
 
 
 
 
 
 
Original
 
Costs
Capitalized
Subsequent
to
Acquisition
 
Land and
Improvements
 
Building
and
Improvements
 
Land
Held
for
Development
 
Development
and
Construction
in Progress
 
Total
 
Accumulated
Depreciation
 
Year(s) Built/
Renovated
 
Year(s) Acquired
 
Depreciable
Lives
(Years)
Property Name
 
Type
 
Location
 
Encumbrances
 
Land
 
Building
 
767 Fifth Avenue (the General Motors Building)
 
Office
 
New York, NY
 
$
1,333,625

 
$
1,796,252

 
$
1,532,654

 
$
75,211

 
$
1,796,252

 
$
1,607,865

 
$

 
$

 
$
3,404,117

 
$
189,209

 
1968
 
2013
 
(1)
Prudential Center
 
Office
 
Boston, MA
 

 
92,077

 
734,594

 
596,236

 
100,540

 
1,169,515

 

 
152,852

 
1,422,907

 
470,161

 
1965/1993/2002/2016
 
1998/1999/2000
 
(1)
Embarcadero Center
 
Office
 
San Francisco, CA
 

 
179,697

 
847,410

 
281,345

 
180,420

 
1,128,032

 

 

 
1,308,452

 
547,434

 
1970/1989
 
1998-1999
 
(1)
399 Park Avenue
 
Office
 
New York, NY
 

 
339,200

 
700,358

 
72,454

 
339,200

 
772,812

 

 

 
1,112,012

 
275,380

 
1961
 
2002
 
(1)
200 Clarendon Street and Garage
 
Office
 
Boston, MA
 

 
219,543

 
667,884

 
115,996

 
219,616

 
777,557

 
6,250

 

 
1,003,423

 
140,629

 
1976
 
2010
 
(1)
250 West 55th Street
 
Office
 
New York, NY
 

 
285,263

 
603,167

 
35,668

 
285,263

 
638,835

 

 

 
924,098

 
49,852

 
2014
 
2007
 
(1)
601 Lexington Avenue
 
Office
 
New York, NY
 
684,858

 
241,600

 
494,782

 
159,273

 
279,281

 
593,759

 

 
22,615

 
895,655

 
232,590

 
1977/1997
 
2001
 
(1)
Carnegie Center
 
Office
 
Princeton, NJ
 

 
105,107

 
377,259

 
132,258

 
102,403

 
509,667

 
2,554

 

 
614,624

 
207,448

 
1983-2016
 
1998/1999/2000/2007/2014
 
(1)
100 Federal Street
 
Office
 
Boston, MA
 

 
131,067

 
435,954

 
38,611

 
131,067

 
474,565

 

 

 
605,632

 
77,409

 
1971-1975
 
2012
 
(1)
Times Square Tower
 
Office
 
New York, NY
 

 
165,413

 
380,438

 
49,604

 
159,694

 
435,761

 

 

 
595,455

 
171,039

 
2004
 
2000
 
(1)
Atlantic Wharf
 
Office
 
Boston, MA
 

 
63,988

 
454,537

 
17,442

 
63,988

 
471,979

 

 

 
535,967

 
85,984

 
2011
 
2007
 
(1)
Fountain Square
 
Office
 
Reston, VA
 

 
56,853

 
306,298

 
17,748

 
56,853

 
320,759

 
3,287

 

 
380,899

 
50,106

 
1986-1990
 
2012
 
(1)
510 Madison Avenue
 
Office
 
New York, NY
 

 
103,000

 
253,665

 
21,952

 
103,000

 
275,617

 

 

 
378,617

 
44,515

 
2012
 
2010
 
(1)
599 Lexington Avenue
 
Office
 
New York, NY
 

 
81,040

 
100,507

 
141,980

 
81,040

 
242,487

 

 

 
323,527

 
163,140

 
1986
 
1997
 
(1)
680 Folsom Street
 
Office
 
San Francisco, CA
 

 
72,545

 
219,766

 
7,352

 
72,545

 
227,118

 

 

 
299,663

 
21,845

 
2014
 
2012
 
(1)
South of Market and Democracy Tower
 
Office
 
Reston, VA
 

 
13,603

 
237,479

 
15,119

 
13,603

 
252,598

 

 

 
266,201

 
79,814

 
2008-2009
 
2003
 
(1)
601 Massachusetts Avenue
 
Office
 
Washington, DC
 

 
95,310

 
165,173

 

 
95,310

 
165,173

 

 

 
260,483

 
6,534

 
2016
 
2008
 
(1)
Bay Colony Corporate Center
 
Office
 
Waltham, MA
 

 
18,789

 
148,451

 
68,371

 
18,789

 
216,822

 

 

 
235,611

 
46,015

 
1985-1989
 
2011
 
(1)
Gateway Center
 
Office
 
San Francisco, CA
 

 
28,255

 
139,245

 
49,291

 
29,029

 
187,762

 

 

 
216,791

 
96,681

 
1984/1986/2002
 
1999
 
(1)
535 Mission Street
 
Office
 
San Francisco, CA
 

 
40,933

 
148,378

 
2,015

 
40,933

 
150,393

 

 

 
191,326

 
8,844

 
2015
 
2013
 
(1)
2200 Pennsylvania Avenue
 
Office
 
Washington, DC
 

 

 
183,541

 
5,047

 

 
188,588

 

 

 
188,588

 
39,956

 
2011
 
2008
 
(1)
Mountain View Research Park
 
Office
 
Mountain View, CA
 

 
95,066

 
68,373

 
6,491

 
95,066

 
74,864

 

 

 
169,930

 
12,849

 
1977-1981/2007-2013
 
2013
 
(1)
Reservoir Place
 
Office
 
Waltham, MA
 

 
18,605

 
92,619

 
49,088

 
19,099

 
126,656

 

 
14,557

 
160,312

 
60,518

 
1955/1987
 
1997/1998
 
(1)
1330 Connecticut Avenue
 
Office
 
Washington, DC
 

 
25,982

 
82,311

 
27,663

 
25,982

 
109,974

 

 

 
135,956

 
33,179

 
1984
 
2004
 
(1)
Kingstowne Towne Center
 
Office
 
Alexandria, VA
 

 
18,021

 
109,038

 
919

 
18,021

 
109,957

 

 

 
127,978

 
36,524

 
2003-2006
 
2007
 
(1)
1333 New Hampshire Avenue
 
Office
 
Washington, DC
 

 
34,032

 
85,660

 
5,753

 
34,032

 
91,413

 

 

 
125,445

 
36,878

 
1996
 
2003
 
(1)
Weston Corporate Center
 
Office
 
Weston, MA
 

 
25,753

 
92,312

 
(123
)
 
25,854

 
92,088

 

 

 
117,942

 
20,074

 
2010
 
2001
 
(1)
One Freedom Square
 
Office
 
Reston, VA
 

 
9,929

 
84,504

 
23,009

 
9,883

 
107,559

 

 

 
117,442

 
44,381

 
2000
 
2003
 
(1)
Capital Gallery
 
Office
 
Washington, DC
 

 
4,725

 
29,565

 
78,897

 
6,128

 
107,059

 

 

 
113,187

 
59,469

 
1981/2006
 
2007
 
(1)
Two Freedom Square
 
Office
 
Reston, VA
 

 
13,930

 
77,739

 
16,544

 
13,866

 
94,347

 

 

 
108,213

 
43,283

 
2001
 
2003
 
(1)
One and Two Reston Overlook
 
Office
 
Reston, VA
 

 
16,456

 
66,192

 
20,216

 
15,074

 
87,790

 

 

 
102,864

 
39,598

 
1999
 
2000
 
(1)
Boston Properties Limited Partnership
Schedule 3—Real Estate and Accumulated Depreciation
December 31, 2016
(dollars in thousands)

 
 
 
 
 
 
 
 
Original
 
Costs
Capitalized
Subsequent
to
Acquisition
 
Land and
Improvements
 
Building
and
Improvements
 
Land
Held
for
Development
 
Development
and
Construction
in Progress
 
Total
 
Accumulated
Depreciation
 
Year(s) Built/
Renovated
 
Year(s) Acquired
 
Depreciable
Lives
(Years)
Property Name
 
Type
 
Location
 
Encumbrances
 
Land
 
Building
 
Discovery Square
 
Office
 
Reston, VA
 

 
11,198

 
71,782

 
17,097

 
11,146

 
88,931

 

 

 
100,077

 
38,454

 
2001
 
2003
 
(1)
355 Main Street
 
Office
 
Cambridge, MA
 

 
18,863

 
53,346

 
27,360

 
21,098

 
78,471

 

 

 
99,569

 
25,286

 
1981/1996/2013
 
2006
 
(1)
140 Kendrick Street
 
Office
 
Needham, MA
 

 
18,095

 
66,905

 
11,476

 
18,095

 
78,381

 

 

 
96,476

 
25,315

 
2000
 
2004
 
(1)
90 Broadway
 
Office
 
Cambridge, MA
 

 
19,104

 
52,078

 
16,869

 
20,741

 
67,310

 

 

 
88,051

 
17,056

 
1983/1998/2013
 
2006
 
(1)
10 CityPoint
 
Office
 
Waltham, MA
 

 
1,953

 
85,752

 

 
1,953

 
85,752

 

 

 
87,705

 
1,601

 
2016
 
1997
 
(1)
230 CityPoint
 
Office
 
Waltham, MA
 

 
13,189

 
49,823

 
18,570

 
13,189

 
68,393

 

 

 
81,582

 
23,106

 
1992
 
2005
 
(1)
77 CityPoint
 
Office
 
Waltham, MA
 

 
13,847

 
60,383

 
5,598

 
13,847

 
65,981

 

 

 
79,828

 
20,963

 
2008
 
2001
 
(1)
Waltham Weston Corporate Center
 
Office
 
Waltham, MA
 

 
10,385

 
60,694

 
7,902

 
10,350

 
68,631

 

 

 
78,981

 
26,690

 
2003
 
1999
 
(1)
3625-3635 Peterson Way
 
Office
 
Santa Clara, CA
 

 
63,206

 
14,879

 
31

 
63,206

 
14,879

 
31

 

 
78,116

 
2,093

 
1979
 
2016
 
(1)
North First Business Park
 
Office
 
San Jose, CA
 

 
58,402

 
13,069

 
3,909

 
23,371

 
16,099

 
35,910

 

 
75,380

 
15,811

 
1981
 
2007
 
(1)
2440 West El Camino Real
 
Office
 
Mountain View, CA
 

 
16,741

 
51,285

 
1,814

 
16,741

 
53,099

 

 

 
69,840

 
9,817

 
1987/2003
 
2011
 
(1)
300 Binney Street
 
Office
 
Cambridge, MA
 

 
18,080

 
51,262

 
140

 
18,080

 
51,402

 

 

 
69,482

 
6,059

 
2013
 
2009
 
(1)
Reston Corporate Center
 
Office
 
Reston, VA
 

 
9,135

 
50,857

 
3,645

 
9,496

 
54,141

 

 

 
63,637

 
24,703

 
1984
 
1998
 
(1)
Wisconsin Place
 
Office
 
Chevy Chase, MD
 

 

 
53,349

 
9,884

 

 
63,233

 

 

 
63,233

 
16,406

 
2009
 
2004
 
(1)
New Dominion Technology Park, Bldg. Two
 
Office
 
Herndon, VA
 

 
5,584

 
51,868

 
349

 
5,574

 
52,227

 

 

 
57,801

 
21,128

 
2004
 
1998
 
(1)
200 West Street
 
Office
 
Waltham, MA
 

 
16,148

 
24,983

 
7,441

 
16,148

 
32,424

 

 

 
48,572

 
18,983

 
1999
 
1997
 
(1)
New Dominion Technology Park, Bldg. One
 
Office
 
Herndon, VA
 
35,485

 
3,880

 
43,227

 
1,073

 
3,880

 
44,300

 

 

 
48,180

 
23,779

 
2001
 
1998
 
(1)
Sumner Square
 
Office
 
Washington, DC
 

 
624

 
28,745

 
17,348

 
958

 
45,759

 

 

 
46,717

 
21,809

 
1985
 
1999
 
(1)
University Place
 
Office
 
Cambridge, MA
 
9,119

 

 
37,091

 
8,051

 
27

 
45,115

 

 

 
45,142

 
24,910

 
1985
 
1998
 
(1)
2600 Tower Oaks Boulevard
 
Office
 
Rockville, MD
 

 
4,243

 
31,125

 
6,918

 
4,244

 
38,042

 

 

 
42,286

 
19,351

 
2001
 
1998
 
(1)
255 Main Street
 
Office
 
Cambridge, MA
 

 
134

 
25,110

 
15,431

 
134

 
40,541

 

 

 
40,675

 
27,158

 
1987
 
1997
 
(1)
Quorum Office Park
 
Office
 
Chelmsford, MA
 

 
3,750

 
32,454

 
4,115

 
4,762

 
35,557

 

 

 
40,319

 
15,282

 
2001
 
2000
 
(1)
150 Broadway
 
Office
 
Cambridge, MA
 

 
850

 
25,042

 
6,618

 
822

 
31,688

 

 

 
32,510

 
15,127

 
1999
 
1997
 
(1)
500 E Street
 
Office
 
Washington, DC
 

 
109

 
22,420

 
9,979

 
1,569

 
30,939

 

 

 
32,508

 
22,318

 
1987
 
1997
 
(1)
325 Main Street
 
Office
 
Cambridge, MA
 

 
174

 
12,200

 
11,485

 
772

 
23,087

 

 

 
23,859

 
12,104

 
1987/2013
 
1997
 
(1)
105 Broadway
 
Office
 
Cambridge, MA
 

 
1,299

 
12,943

 
5,092

 
1,868

 
17,466

 

 

 
19,334

 
12,580

 
1990
 
1997
 
(1)
Lexington Office Park
 
Office
 
Lexington, MA
 

 
998

 
1,426

 
16,717

 
1,073

 
18,068

 

 

 
19,141

 
12,335

 
1982
 
1997
 
(1)
40 Shattuck Road
 
Office
 
Andover, MA
 

 
709

 
14,740

 
2,632

 
709

 
17,372

 

 

 
18,081

 
7,352

 
2001
 
1997
 
(1)
201 Spring Street
 
Office
 
Lexington, MA
 

 
2,849

 
15,303

 
(1,085
)
 
2,849

 
14,218

 

 

 
17,067

 
7,233

 
1997
 
1997
 
(1)
The Point
 
Office
 
Waltham, MA
 

 
6,395

 
10,040

 
408

 
6,480

 
10,363

 

 

 
16,843

 
397

 
2015
 
2007
 
(1)
690 Folsom Street
 
Office
 
San Francisco, CA
 

 
3,219

 
11,038

 
1,157

 
3,219

 
12,195

 

 

 
15,414

 
801

 
2015
 
2012
 
(1)
91 Hartwell Avenue
 
Office
 
Lexington, MA
 

 
784

 
6,464

 
7,627

 
784

 
14,091

 

 

 
14,875

 
8,930

 
1985
 
1997
 
(1)
92-100 Hayden Avenue
 
Office
 
Lexington, MA
 

 
594

 
6,748

 
7,452

 
619

 
14,175

 

 

 
14,794

 
11,910

 
1985
 
1997
 
(1)
181 Spring Street
 
Office
 
Lexington, MA
 

 
1,066

 
9,520

 
1,818

 
1,066

 
11,338

 

 

 
12,404

 
4,798

 
1999
 
1997
 
(1)
145 Broadway
 
Office
 
Cambridge, MA
 

 
121

 
5,535

 
6,360

 
121

 
10,027

 

 
1,868

 
12,016

 
8,385

 
1984
 
1997
 
(1)
Boston Properties Limited Partnership
Schedule 3—Real Estate and Accumulated Depreciation
December 31, 2016
(dollars in thousands)

 
 
 
 
 
 
 
 
Original
 
Costs
Capitalized
Subsequent
to
Acquisition
 
Land and
Improvements
 
Building
and
Improvements
 
Land
Held
for
Development
 
Development
and
Construction
in Progress
 
Total
 
Accumulated
Depreciation
 
Year(s) Built/
Renovated
 
Year(s) Acquired
 
Depreciable
Lives
(Years)
Property Name
 
Type
 
Location
 
Encumbrances
 
Land
 
Building
 
33 Hayden Avenue
 
Office
 
Lexington, MA
 

 
266

 
3,234

 
8,150

 
266

 
11,384

 

 

 
11,650

 
7,480

 
1979
 
1997
 
(1)
195 West Street
 
Office
 
Waltham, MA
 

 
1,611

 
6,652

 
3,351

 
1,611

 
10,003

 

 

 
11,614

 
7,309

 
1990
 
1997
 
(1)
7501 Boston Boulevard, Building Seven
 
Office
 
Springfield, VA
 

 
665

 
9,273

 
30

 
665

 
9,303

 

 

 
9,968

 
4,490

 
1997
 
1997
 
(1)
7435 Boston Boulevard, Building One
 
Office
 
Springfield, VA
 

 
392

 
3,822

 
4,423

 
486

 
8,151

 

 

 
8,637

 
6,213

 
1982
 
1997
 
(1)
250 Binney Street
 
Office
 
Cambridge, MA
 

 
110

 
4,483

 
2,939

 
110

 
7,422

 

 

 
7,532

 
4,552

 
1983
 
1997
 
(1)
7450 Boston Boulevard, Building Three
 
Office
 
Springfield, VA
 

 
1,165

 
4,681

 
1,393

 
1,327

 
5,912

 

 

 
7,239

 
3,232

 
1987
 
1998
 
(1)
453 Ravendale Drive
 
Office
 
Mountain View, CA
 

 
5,477

 
1,090

 
408

 
5,477

 
1,498

 

 

 
6,975

 
338

 
1977
 
2012
 
(1)
8000 Grainger Court, Building Five
 
Office
 
Springfield, VA
 

 
366

 
4,282

 
2,013

 
453

 
6,208

 

 

 
6,661

 
5,294

 
1984
 
1997
 
(1)
17 Hartwell Avenue
 
Office
 
Lexington, MA
 

 
26

 
150

 
5,952

 
26

 
6,102

 

 

 
6,128

 
519

 
1968
 
1997
 
(1)
7300 Boston Boulevard, Building Thirteen
 
Office
 
Springfield, VA
 

 
608

 
4,773

 
497

 
608

 
5,270

 

 

 
5,878

 
4,968

 
2002
 
1997
 
(1)
7500 Boston Boulevard, Building Six
 
Office
 
Springfield, VA
 

 
138

 
3,749

 
1,954

 
273

 
5,568

 

 

 
5,841

 
4,428

 
1985
 
1997
 
(1)
7601 Boston Boulevard, Building Eight
 
Office
 
Springfield, VA
 

 
200

 
878

 
4,354

 
378

 
5,054

 

 

 
5,432

 
3,900

 
1986
 
1997
 
(1)
8000 Corporate Court, Building Eleven
 
Office
 
Springfield, VA
 

 
136

 
3,071

 
1,264

 
687

 
3,784

 

 

 
4,471

 
2,708

 
1989
 
1997
 
(1)
7375 Boston Boulevard, Building Ten
 
Office
 
Springfield, VA
 

 
23

 
2,685

 
731

 
47

 
3,392

 

 

 
3,439

 
2,437

 
1988
 
1997
 
(1)
7374 Boston Boulevard, Building Four
 
Office
 
Springfield, VA
 

 
241

 
1,605

 
1,355

 
303

 
2,898

 

 

 
3,201

 
2,375

 
1984
 
1997
 
(1)
7451 Boston Boulevard, Building Two
 
Office
 
Springfield, VA
 

 
249

 
1,542

 
1,346

 
535

 
2,602

 

 

 
3,137

 
2,264

 
1982
 
1997
 
(1)
32 Hartwell Avenue
 
Office
 
Lexington, MA
 

 
168

 
1,943

 
426

 
168

 
2,369

 

 

 
2,537

 
1,782

 
1968/1979/1987
 
1997
 
(1)
164 Lexington Road
 
Office
 
Billerica, MA
 

 
592

 
1,370

 
117

 
592

 
1,487

 

 

 
2,079

 
782

 
1982
 
1997
 
(1)
The Avant at Reston Town Center
 
Residential
 
Reston, VA
 

 
20,350

 
91,995

 
815

 
20,350

 
92,810

 

 

 
113,160

 
7,306

 
2014
 
2010
 
(1)
The Lofts at Atlantic Wharf
 
Residential
 
Boston, MA
 

 
3,529

 
54,891

 
1,663

 
3,529

 
56,554

 

 

 
60,083

 
8,105

 
2011
 
2007
 
(1)
Boston Marriott Cambridge
 
Hotel
 
Cambridge, MA
 

 
478

 
37,918

 
34,176

 
478

 
72,094

 

 

 
72,572

 
50,357

 
1986
 
1997
 
(1)
Kendall Center Green Garage
 
Garage
 
Cambridge, MA
 

 

 
35,035

 
6,977

 

 
42,012

 

 

 
42,012

 
9,250

 
1984
 
2006
 
(1)
Kendall Center Yellow Garage
 
Garage
 
Cambridge, MA
 

 
1,256

 
15,697

 
859

 
1,256

 
16,556

 

 

 
17,812

 
4,580

 
2006
 
2004
 
(1)
Kendall Center Blue Garage
 
Garage
 
Cambridge, MA
 

 
1,163

 
11,633

 
1,105

 
1,163

 
12,738

 

 

 
13,901

 
8,982

 
1990
 
1997
 
(1)
Salesforce Tower
 
Development
 
San Francisco, CA
 

 

 

 
723,866

 

 

 

 
723,866

 
723,866

 

 
N/A
 
2013
 
N/A
Signature at Reston (formerly Reston Signature Site)
 
Development
 
Reston, VA
 

 

 

 
96,444

 

 

 

 
96,444

 
96,444

 

 
N/A
 
2013
 
N/A
191 Spring Street
 
Development
 
Lexington, MA
 

 
2,850

 
27,166

 
1,935

 
2,850

 
27,678

 

 
1,423

 
31,951

 
21,001

 
1971/1995
 
1997
 
(1)
Boston Properties Limited Partnership
Schedule 3—Real Estate and Accumulated Depreciation
December 31, 2016
(dollars in thousands)

 
 
 
 
 
 
 
 
Original
 
Costs
Capitalized
Subsequent
to
Acquisition
 
Land and
Improvements
 
Building
and
Improvements
 
Land
Held
for
Development
 
Development
and
Construction
in Progress
 
Total
 
Accumulated
Depreciation
 
Year(s) Built/
Renovated
 
Year(s) Acquired
 
Depreciable
Lives
(Years)
Property Name
 
Type
 
Location
 
Encumbrances
 
Land
 
Building
 
Proto at Cambridge (formerly Cambridge Residential / 88 Ames)
 
Development
 
Cambridge, MA
 

 

 

 
24,334

 

 

 

 
24,334

 
24,334

 

 
N/A
 
2015
 
N/A
Springfield Metro Center
 
Land
 
Springfield, VA
 

 

 

 
35,430

 

 

 
35,430

 

 
35,430

 

 
N/A
 
2007
 
N/A
Tower Oaks Master Plan
 
Land
 
Rockville, MD
 

 

 

 
29,209

 

 

 
29,209

 

 
29,209

 

 
N/A
 
1998
 
N/A
Plaza at Almaden
 
Land
 
San Jose, CA
 

 

 

 
29,081

 

 

 
29,081

 

 
29,081

 

 
N/A
 
2006
 
N/A
6601 & 6605 Springfield Center Drive
 
Land
 
Springfield, VA
 

 

 

 
13,866

 

 

 
13,866

 

 
13,866

 

 
N/A
 
2007
 
N/A
214 Third Avenue
 
Land
 
Waltham, MA
 

 

 

 
13,795

 

 
146

 
13,649

 

 
13,795

 

 
N/A
 
2006
 
N/A
103 Fourth Avenue
 
Land
 
Waltham, MA
 

 

 

 
12,052

 

 
49

 
12,003

 

 
12,052

 

 
N/A
 
2007
 
N/A
20 CityPoint
 
Land
 
Waltham, MA
 

 

 

 
11,666

 

 

 
11,666

 

 
11,666

 

 
N/A
 
2007
 
N/A
Reston Gateway
 
Land
 
Reston, VA
 

 

 

 
10,841

 

 

 
10,841

 

 
10,841

 

 
N/A
 
1998
 
N/A
Reston Eastgate
 
Land
 
Reston, VA
 

 

 

 
9,906

 

 

 
9,906

 

 
9,906

 

 
N/A
 
2001
 
N/A
Crane Meadow
 
Land
 
Marlborough, MA
 

 

 

 
8,754

 

 

 
8,754

 

 
8,754

 

 
N/A
 
2000
 
N/A
Washingtonian North
 
Land
 
Gaithersburg, MD
 

 

 

 
7,697

 

 

 
7,697

 

 
7,697

 

 
N/A
 
1998
 
N/A
Kendall Center Master Plan
 
Land
 
Cambridge, MA
 

 

 

 
4,062

 

 

 
4,062

 

 
4,062

 

 
N/A
 
N/A
 
N/A
Fourth and Harrison
 
Land
 
San Francisco, CA
 

 

 

 
3,936

 

 

 
3,936

 

 
3,936

 

 
N/A
 
N/A
 
N/A
North First Master Plan
 
Land
 
San Jose, CA
 

 

 

 
3,014

 

 

 
3,014

 

 
3,014

 

 
N/A
 
2007
 
N/A
Broad Run Business Park
 
Land
 
Loudoun County, VA
 

 

 

 
2,694

 

 

 
2,694

 

 
2,694

 

 
N/A
 
1998
 
N/A
MacArthur Station
 
Land
 
Oakland, CA
 

 

 

 
1,316

 

 

 
1,316

 

 
1,316

 

 
N/A
 
N/A
 
N/A
30 Shattuck Road
 
Land
 
Andover, MA
 

 

 

 
1,214

 

 

 
1,214

 

 
1,214

 

 
N/A
 
1997
 
N/A
2100 Pennsylvania Avenue
 
Land
 
Washington, DC
 

 

 

 
286

 

 

 
286

 

 
286

 

 
N/A
 
N/A
 
N/A
 
 
 
 
 
 
$
2,063,087

(2
)
$
4,759,821

 
$
11,416,957

 
$
3,524,407

 
$
4,774,460

 
$
13,642,110

 
$
246,656

(3
)
$
1,037,959

 
$
19,701,185

 
$
4,116,020

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 


Note: Total Real Estate does not include Furniture, Fixtures and Equipment totaling approximately $32,687. Accumulated Depreciation does not include approximately $20,344 of accumulated depreciation related to Furniture, Fixtures and Equipment.
The aggregate cost and accumulated depreciation for tax purposes was approximately $17.6 billion and $3.6 billion, respectively.
(1)
Depreciation of the buildings and improvements are calculated over lives ranging from the life of the lease to 40 years.
(2)
Includes the unamortized balance of the historical fair value adjustment and unamortized deferred financing costs totaling approximately $33.8 million and $(2.4) million, respectively.
(3)
Includes pre-development costs.
Activity of Real Estate and Accumulated Depreciation [Table Text Block]
A summary of activity for real estate and accumulated depreciation is as follows:
 
 
 
2016
 
2015
 
2014
Real Estate:
 
 
 
 
 
 
Balance at the beginning of the year
 
$
19,031,289

 
$
18,786,572

 
$
18,523,277

Additions to/improvements of real estate
 
977,287

 
700,792

 
594,296

Assets sold/written-off
 
(307,391
)
 
(456,075
)
 
(331,001
)
Balance at the end of the year
 
$
19,701,185

 
$
19,031,289

 
$
18,786,572

Accumulated Depreciation:
 
 
 
 
 
 
Balance at the beginning of the year
 
$
3,826,862

 
$
3,458,640

 
$
3,081,040

Depreciation expense
 
548,397

 
478,457

 
447,667

Assets sold/written-off
 
(259,239
)
 
(110,235
)
 
(70,067
)
Balance at the end of the year
 
$
4,116,020

 
$
3,826,862

 
$
3,458,640

Note: Real Estate and Accumulated Depreciation amounts do not include Furniture, Fixtures and Equipment.