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Real Estate and Accumulated Depreciation Real Estate and Accumulated Depreciation (Tables)
12 Months Ended
Dec. 31, 2018
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, 2018
(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
 
$
2,270,534

 
$
1,796,252

 
$
1,532,654

 
$
189,657

 
$
1,796,252

 
$
1,722,311

 
$

 
$

 
$
3,518,563

 
$
271,534

 
1968
 
2013
 
(1)
Prudential Center
 
Office
 
Boston, MA
 

 
92,077

 
948,357

 
532,802

 
115,638

 
1,457,494

 
104

 

 
1,573,236

 
550,109

 
1965/1993/2002/2016-2017
 
 1998/1999/2000
 
(1)
Embarcadero Center
 
Office
 
San Francisco, CA
 

 
179,697

 
847,410

 
368,967

 
195,987

 
1,200,087

 

 

 
1,396,074

 
612,981

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

 
339,200

 
700,358

 
247,092

 
354,107

 
932,543

 

 

 
1,286,650

 
332,911

 
1961/2018
 
2002
 
(1)
Salesforce Tower
 
Office
 
San Francisco, CA
 

 
200,349

 
919,565

 

 
200,349

 
919,565

 

 

 
1,119,914

 
9,509

 
2018
 
 2013
 
(1)
601 Lexington Avenue
 
Office
 
New York, NY
 
658,792

 
241,600

 
494,782

 
361,985

 
289,639

 
637,044

 

 
171,684

 
1,098,367

 
272,936

 
1977/1997
 
2001
 
(1)
200 Clarendon Street and Garage
 
Office
 
Boston, MA
 

 
219,543

 
667,884

 
164,073

 
219,616

 
822,218

 
9,666

 

 
1,051,500

 
192,137

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

 
285,263

 
603,167

 
48,642

 
285,263

 
651,809

 

 

 
937,072

 
94,434

 
2014
 
 2007
 
(1)
100 Federal Street
 
Office
 
Boston, MA
 

 
131,067

 
435,954

 
99,702

 
131,067

 
535,656

 

 

 
666,723

 
105,536

 
1971-1975/2017
 
2012
 
(1)
Carnegie Center
 
Office
 
Princeton, NJ
 

 
107,997

 
389,359

 
158,752

 
108,948

 
543,974

 
3,186

 

 
656,108

 
241,570

 
1983-2016
 
1998/1999/2000/2007/2014/2017
 
(1)
Times Square Tower
 
Office
 
New York, NY
 

 
165,413

 
380,438

 
94,451

 
169,193

 
471,109

 

 

 
640,302

 
206,067

 
2004
 
2000
 
(1)
Atlantic Wharf
 
Office
 
Boston, MA
 

 
63,988

 
454,537

 
17,184

 
63,988

 
471,721

 

 

 
535,709

 
116,238

 
2011
 
2007
 
(1)
510 Madison Avenue
 
Office
 
New York, NY
 

 
103,000

 
253,665

 
24,992

 
103,000

 
278,657

 

 

 
381,657

 
62,507

 
2012
 
2010
 
(1)
Fountain Square
 
Office
 
Reston, VA
 

 
56,853

 
306,298

 
3,170

 
56,853

 
309,468

 

 

 
366,321

 
68,390

 
1986-1990
 
2012
 
(1)
599 Lexington Avenue
 
Office
 
New York, NY
 

 
81,040

 
100,507

 
174,213

 
87,852

 
267,908

 

 

 
355,760

 
170,678

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

 
72,545

 
219,766

 
7,829

 
72,545

 
227,595

 

 

 
300,140

 
38,230

 
2014
 
 2012
 
(1)
601 Massachusetts Avenue
 
Office
 
Washington, DC
 

 
95,310

 
165,173

 
3,900

 
95,322

 
169,061

 

 

 
264,383

 
18,263

 
2016
 
2008
 
(1)
South of Market and Democracy Tower
 
Office
 
Reston, VA
 

 
13,603

 
237,479

 
12,428

 
13,687

 
249,823

 

 

 
263,510

 
91,072

 
2008-2009
 
2003
 
(1)
Bay Colony Corporate Center
 
Office
 
Waltham, MA
 

 
18,789

 
148,451

 
77,133

 
18,789

 
225,584

 

 

 
244,373

 
68,903

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

 
28,255

 
139,245

 
64,831

 
30,627

 
201,704

 

 

 
232,331

 
107,640

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

 
40,933

 
148,378

 
3,259

 
40,933

 
151,637

 

 

 
192,570

 
20,576

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

 

 
183,541

 
4,535

 

 
188,076

 

 

 
188,076

 
52,280

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

 
95,066

 
68,373

 
9,988

 
95,066

 
78,361

 

 

 
173,427

 
17,866

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

 
18,605

 
104,124

 
45,144

 
20,108

 
147,765

 

 

 
167,873

 
64,683

 
1955/1987/2017
 
 1997/1998
 
(1)
1330 Connecticut Avenue
 
Office
 
Washington, DC
 

 
25,982

 
82,311

 
36,089

 
27,135

 
117,247

 

 

 
144,382

 
27,535

 
1984/2018
 
2004
 
(1)
Kingstowne Towne Center
 
Office
 
Alexandria, VA
 

 
18,021

 
109,038

 
2,098

 
18,062

 
111,095

 

 

 
129,157

 
41,469

 
2003-2006
 
2007
 
(1)
Boston Properties, Inc.
Schedule 3 - Real Estate and Accumulated Depreciation
December 31, 2018
(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

 
32,256

 
11,293

 
115,396

 

 

 
126,689

 
54,652

 
2000
 
2003
 
(1)
Capital Gallery
 
Office
 
Washington, DC
 

 
4,725

 
29,565

 
87,231

 
8,662

 
112,859

 

 

 
121,521

 
67,759

 
1981/2006
 
2007
 
(1)
Weston Corporate Center
 
Office
 
Weston, MA
 

 
25,753

 
92,312

 
(123
)
 
25,854

 
92,088

 

 

 
117,942

 
26,176

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

 
13,930

 
77,739

 
23,427

 
15,420

 
99,676

 

 

 
115,096

 
51,291

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

 
16,456

 
66,192

 
24,181

 
16,179

 
90,650

 

 

 
106,829

 
47,668

 
1999
 
2000
 
(1)
140 Kendrick Street
 
Office
 
Needham, MA
 

 
18,095

 
66,905

 
17,553

 
19,092

 
83,461

 

 

 
102,553

 
32,360

 
2000
 
2004
 
(1)
Discovery Square
 
Office
 
Reston, VA
 

 
11,198

 
71,782

 
17,753

 
12,533

 
88,200

 

 

 
100,733

 
39,574

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

 
18,863

 
53,346

 
23,701

 
21,173

 
74,737

 

 

 
95,910

 
23,691

 
1981/1996/2013
 
2006
 
(1)
10 CityPoint
 
Office
 
Waltham, MA
 

 
1,953

 
85,752

 
4,515

 
2,116

 
90,104

 

 

 
92,220

 
7,772

 
2016
 
 1997
 
(1)
90 Broadway
 
Office
 
Cambridge, MA
 

 
19,104

 
52,078

 
18,363

 
20,785

 
68,760

 

 

 
89,545

 
21,302

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

 
13,189

 
49,823

 
21,914

 
13,593

 
71,333

 

 

 
84,926

 
26,357

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

 
10,385

 
60,694

 
11,449

 
11,097

 
71,431

 

 

 
82,528

 
32,739

 
2003
 
1999
 
(1)
77 CityPoint
 
Office
 
Waltham, MA
 

 
13,847

 
60,383

 
5,858

 
13,873

 
66,215

 

 

 
80,088

 
25,107

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

 
63,206

 
14,879

 
673

 
63,206

 
14,879

 
673

 

 
78,758

 
8,146

 
1979
 
2016
 
(1)
2440 West El Camino Real
 
Office
 
Mountain View, CA
 

 
16,741

 
51,285

 
3,411

 
16,741

 
54,696

 

 

 
71,437

 
12,562

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

 
18,080

 
51,262

 
140

 
18,080

 
51,402

 

 

 
69,482

 
9,450

 
2013
 
 2009
 
(1)
191 Spring Street
 
Office
 
Lexington, MA
 

 
2,850

 
59,751

 
6,235

 
3,151

 
65,685

 

 

 
68,836

 
19,543

 
1971/1995/2018
 
 1997
 
(1)
Wisconsin Place
 
Office
 
Chevy Chase, MD
 

 

 
53,349

 
14,889

 

 
68,238

 

 

 
68,238

 
22,936

 
2009
 
2004
 
(1)
Reston Corporate Center
 
Office
 
Reston, VA
 

 
9,135

 
50,857

 
6,236

 
10,148

 
56,080

 

 

 
66,228

 
28,315

 
1984
 
1998
 
(1)
New Dominion Technology Park, Bldg. Two
 
Office
 
Herndon, VA
 

 
5,584

 
51,868

 
4,157

 
6,510

 
55,099

 

 

 
61,609

 
25,421

 
2004
 
1998
 
(1)
255 Main Street
 
Office
 
Cambridge, MA
 

 
134

 
25,110

 
29,672

 
548

 
54,368

 

 

 
54,916

 
30,180

 
1987
 
1997
 
(1)
200 West Street
 
Office
 
Waltham, MA
 

 
16,148

 
24,983

 
11,120

 
16,813

 
35,438

 

 

 
52,251

 
22,544

 
1999
 
 1997
 
(1)
New Dominion Technology Park, Bldg. One
 
Office
 
Herndon, VA
 
29,675

 
3,880

 
43,227

 
3,927

 
4,583

 
46,451

 

 

 
51,034

 
27,542

 
2001
 
1998
 
(1)
Sumner Square
 
Office
 
Washington, DC
 

 
624

 
28,745

 
19,054

 
1,478

 
46,945

 

 

 
48,423

 
25,384

 
1985
 
1999
 
(1)
University Place
 
Office
 
Cambridge, MA
 
5,571

 

 
37,091

 
9,001

 
390

 
45,702

 

 

 
46,092

 
27,871

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

 
4,243

 
31,125

 
6,517

 
4,244

 
37,641

 

 

 
41,885

 
21,426

 
2001
 
1998
 
(1)
North First Business Park
 
Office
 
San Jose, CA
 

 
23,398

 
13,069

 
4,613

 
23,377

 
17,703

 

 

 
41,080

 
16,076

 
1981
 
2007
 
(1)
150 Broadway
 
Office
 
Cambridge, MA
 

 
850

 
25,042

 
8,540

 
1,323

 
33,109

 

 

 
34,432

 
18,404

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

 
174

 
12,200

 
16,437

 
965

 
23,319

 
4,527

 

 
28,811

 
13,676

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

 
1,299

 
12,943

 
9,401

 
2,395

 
21,248

 

 

 
23,643

 
13,950

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

 
998

 
1,426

 
18,700

 
1,264

 
19,860

 

 

 
21,124

 
13,614

 
1982
 
1997
 
(1)
201 Spring Street
 
Office
 
Lexington, MA
 

 
2,849

 
15,303

 
1,390

 
3,124

 
16,418

 

 

 
19,542

 
8,344

 
1997
 
1997
 
(1)
The Point
 
Office
 
Waltham, MA
 

 
6,395

 
10,040

 
431

 
6,480

 
10,386

 

 

 
16,866

 
1,031

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

 
3,219

 
11,038

 
1,157

 
3,219

 
12,195

 

 

 
15,414

 
1,790

 
2015
 
 2012
 
(1)
92-100 Hayden Avenue
 
Office
 
Lexington, MA
 

 
594

 
6,748

 
7,255

 
802

 
13,795

 

 

 
14,597

 
11,809

 
1985
 
1997
 
(1)
Boston Properties, Inc.
Schedule 3 - Real Estate and Accumulated Depreciation
December 31, 2018
(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
 
 
181 Spring Street
 
Office
 
Lexington, MA
 

 
1,066

 
9,520

 
2,230

 
1,160

 
11,656

 

 

 
12,816

 
5,424

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

 
1,611

 
6,652

 
4,270

 
1,858

 
10,675

 

 

 
12,533

 
8,330

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

 
266

 
3,234

 
8,223

 
425

 
11,298

 

 

 
11,723

 
9,033

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

 
665

 
9,273

 
819

 
791

 
9,966

 

 

 
10,757

 
5,121

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

 
1,165

 
4,681

 
3,278

 
1,430

 
7,694

 

 

 
9,124

 
3,733

 
1987
 
1998
 
(1)
7435 Boston Boulevard, Building One
 
Office
 
Springfield, VA
 

 
392

 
3,822

 
4,737

 
659

 
8,292

 

 

 
8,951

 
5,917

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

 
110

 
4,483

 
3,593

 
273

 
7,913

 

 

 
8,186

 
5,448

 
1983
 
1997
 
(1)
8000 Grainger Court, Building Five
 
Office
 
Springfield, VA
 

 
366

 
4,282

 
3,536

 
601

 
7,583

 

 

 
8,184

 
5,864

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

 
5,477

 
1,090

 
676

 
5,477

 
1,766

 

 

 
7,243

 
558

 
1977
 
2012
 
(1)
7300 Boston Boulevard, Building Thirteen
 
Office
 
Springfield, VA
 

 
608

 
4,773

 
1,438

 
661

 
6,158

 

 

 
6,819

 
3,011

 
2002
 
1997
 
(1)
7601 Boston Boulevard, Building Eight
 
Office
 
Springfield, VA
 

 
200

 
878

 
5,373

 
551

 
5,900

 

 

 
6,451

 
4,487

 
1986
 
1997
 
(1)
17 Hartwell Avenue
 
Office
 
Lexington, MA
 

 
26

 
150

 
6,064

 
65

 
6,175

 

 

 
6,240

 
1,445

 
1968
 
1997
 
(1)
7500 Boston Boulevard, Building Six
 
Office
 
Springfield, VA
 

 
138

 
3,749

 
1,673

 
406

 
5,154

 

 

 
5,560

 
4,121

 
1985
 
1997
 
(1)
8000 Corporate Court, Building Eleven
 
Office
 
Springfield, VA
 

 
136

 
3,071

 
1,596

 
774

 
4,029

 

 

 
4,803

 
3,051

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

 
23

 
2,685

 
992

 
93

 
3,607

 

 

 
3,700

 
2,593

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

 
241

 
1,605

 
1,828

 
398

 
3,276

 

 

 
3,674

 
2,685

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

 
249

 
1,542

 
1,659

 
613

 
2,837

 

 

 
3,450

 
2,527

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

 
168

 
1,943

 
817

 
314

 
2,614

 

 

 
2,928

 
1,821

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

 
592

 
1,370

 
319

 
643

 
1,638

 

 

 
2,281

 
906

 
1982
 
1997
 
(1)
Signature at Reston
 
Residential
 
Reston, VA
 

 
27,076

 
190,580

 

 
27,076

 
190,580

 

 

 
217,656

 
3,938

 
2018
 
2013
 
(1)
Proto Kendall Square
 
Residential
 
Cambridge, MA
 

 
9,243

 
127,248

 

 
9,243

 
127,248

 

 

 
136,491

 
1,324

 
2018
 
2015
 
(1)
The Avant at Reston Town Center
 
Residential
 
Reston, VA
 

 
20,350

 
91,995

 
830

 
20,350

 
92,825

 

 

 
113,175

 
12,254

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

 
3,529

 
54,891

 
1,768

 
3,529

 
56,659

 

 

 
60,188

 
11,131

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

 
478

 
37,918

 
36,697

 
1,201

 
73,892

 

 

 
75,093

 
46,576

 
1986/2017
 
1997
 
(1)
Kendall Center Green Garage
 
Garage
 
Cambridge, MA
 

 

 
35,035

 
7,448

 
103

 
42,380

 

 

 
42,483

 
12,208

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

 
1,256

 
15,697

 
1,621

 
1,434

 
17,140

 

 

 
18,574

 
5,643

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

 
1,163

 
11,633

 
2,145

 
1,579

 
13,362

 

 

 
14,941

 
9,437

 
1990
 
1997
 
(1)
145 Broadway
 
Development
 
Cambridge, MA
 

 
121

 

 
223,845

 
324

 

 

 
223,642

 
223,966

 

 
N/A
 
1997
 
N/A
MacArthur Station Residences
 
Development
 
Oakland, CA
 

 

 

 
87,159

 

 

 

 
87,159

 
87,159

 

 
N/A
 
 N/A
 
N/A
20 CityPoint
 
Development
 
Waltham, MA
 

 

 
6,287

 
46,024

 

 
6,287

 

 
46,024

 
52,311

 

 
N/A
 
 2007
 
N/A
Boston Properties, Inc.
Schedule 3 - Real Estate and Accumulated Depreciation
December 31, 2018
(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
 
 
Reston Gateway
 
Development
 
Reston, VA
 

 

 

 
25,167

 

 

 

 
25,167

 
25,167

 

 
N/A
 
1998
 
N/A
17Fifty Presidents Street
 
Development
 
Reston, VA
 

 

 

 
25,120

 

 

 

 
25,120

 
25,120

 

 
N/A
 
2013
 
N/A
North First Master Plan
 
Land
 
San Jose, CA
 

 
35,004

 

 
3,932

 

 

 
38,936

 

 
38,936

 

 
N/A
 
 2007
 
N/A
Plaza at Almaden
 
Land
 
San Jose, CA
 

 

 

 
29,928

 

 

 
29,928

 

 
29,928

 

 
N/A
 
2006
 
N/A
Springfield Metro Center
 
Land
 
Springfield, VA
 

 

 

 
19,823

 

 

 
19,823

 

 
19,823

 

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

 

 

 
15,233

 

 

 
15,233

 

 
15,233

 

 
N/A
 
 2006
 
N/A
Platform 16
 
Land
 
San Jose, CA
 

 

 

 
12,962

 

 

 
12,962

 

 
12,962

 

 
N/A
 
2018
 
N/A
103 Fourth Avenue
 
Land
 
Waltham, MA
 

 

 

 
12,208

 

 

 
12,208

 

 
12,208

 

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

 

 

 
11,014

 

 

 
11,014

 

 
11,014

 

 
N/A
 
 1998
 
N/A
Fourth and Harrison
 
Land
 
San Francisco, CA
 

 

 

 
10,350

 

 

 
10,350

 

 
10,350

 

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

 

 

 
9,700

 

 

 
9,700

 

 
9,700

 

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

 

 

 
8,852

 

 

 
8,852

 

 
8,852

 

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

 

 

 
7,473

 

 

 
7,473

 

 
7,473

 

 
N/A
 
 1998
 
N/A
Broad Run Business Park
 
Land
 
Loudoun County, VA
 

 

 

 
2,388

 

 

 
2,388

 

 
2,388

 

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

 

 

 
2,199

 

 

 
2,199

 

 
2,199

 

 
N/A
 
1997
 
N/A
Weston Quarry
 
Land
 
Weston, MA
 

 

 

 
1,237

 

 

 
1,237

 

 
1,237

 

 
N/A
 
 2001
 
N/A
Reston Overlook Master Plan
 
Land
 
Reston, VA
 

 

 

 
39

 

 

 
39

 

 
39

 

 
N/A
 
 2000
 
N/A
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
$
2,964,572

(2
)
$
4,959,995

 
$
12,763,317

 
$
3,882,233

 
$
5,072,568

 
$
15,753,683

 
$
200,498

(3
)
$
578,796

 
$
21,605,545

 
$
4,871,102

 
 
 
 
 
 


Note: Total Real Estate does not include Furniture, Fixtures and Equipment totaling approximately $44,351. Accumulated Depreciation does not include approximately $26,675 of accumulated depreciation related to Furniture, Fixtures and Equipment.
 
The aggregate cost and accumulated depreciation for tax purposes was approximately $17.9 billion and $3.9 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 unamortized deferred financing costs totaling approximately $(30.8) million.
(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:
 
 
 
2018
 
2017
 
2016
Real Estate:
 
 
 
 
 
 
Balance at the beginning of the year
 
$
21,058,714

 
$
20,114,576

 
$
19,451,683

Additions to/improvements of real estate
 
1,043,379

 
1,099,286

 
977,287

Assets sold/written-off
 
(496,548
)
 
(155,148
)
 
(314,394
)
Balance at the end of the year
 
$
21,605,545

 
$
21,058,714

 
$
20,114,576

Accumulated Depreciation:
 
 
 
 
 
 
Balance at the beginning of the year
 
$
4,566,570

 
$
4,201,891

 
$
3,905,940

Depreciation expense
 
533,342

 
497,059

 
560,024

Assets sold/written-off
 
(228,810
)
 
(132,380
)
 
(264,073
)
Balance at the end of the year
 
$
4,871,102

 
$
4,566,570

 
$
4,201,891

 
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, 2018
(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
 
$
2,270,534

 
$
1,796,252

 
$
1,532,654

 
$
189,657

 
$
1,796,252

 
$
1,722,311

 
$

 
$

 
$
3,518,563

 
$
271,534

 
1968
 
 2013
 
(1)
Prudential Center
 
Office
 
Boston, MA
 

 
92,077

 
948,357

 
472,432

 
100,540

 
1,412,222

 
104

 

 
1,512,866

 
535,305

 
1965/1993/2002/2016-2017
 
 1998/1999/2000
 
(1)
Embarcadero Center
 
Office
 
San Francisco, CA
 

 
179,697

 
847,410

 
306,586

 
180,420

 
1,153,273

 

 

 
1,333,693

 
597,613

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

 
339,200

 
700,358

 
187,484

 
339,200

 
887,842

 

 

 
1,227,042

 
318,267

 
1961/2018
 
2002
 
(1)
Salesforce Tower
 
Office
 
San Francisco, CA
 

 
200,349

 
919,565

 

 
200,349

 
919,565

 

 

 
1,119,914

 
9,509

 
2018
 
 2013
 
(1)
601 Lexington Avenue
 
Office
 
New York, NY
 
658,792

 
241,600

 
494,782

 
324,899

 
279,281

 
610,316

 

 
171,684

 
1,061,281

 
264,150

 
1977/1997
 
 2001
 
(1)
200 Clarendon Street and Garage
 
Office
 
Boston, MA
 

 
219,543

 
667,884

 
164,073

 
219,616

 
822,218

 
9,666

 

 
1,051,500

 
192,137

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

 
285,263

 
603,167

 
48,642

 
285,263

 
651,809

 

 

 
937,072

 
94,434

 
2014
 
 2007
 
(1)
100 Federal Street
 
Office
 
Boston, MA
 

 
131,067

 
435,954

 
99,702

 
131,067

 
535,656

 

 

 
666,723

 
105,536

 
1971-1975/2017
 
 2012
 
(1)
Carnegie Center
 
Office
 
Princeton, NJ
 

 
107,997

 
389,359

 
141,434

 
104,617

 
530,987

 
3,186

 

 
638,790

 
237,322

 
1983-2016
 
1998/1999/2000/2007/2014/2017
 
(1)
Times Square Tower
 
Office
 
New York, NY
 

 
165,413

 
380,438

 
56,472

 
159,694

 
442,629

 

 

 
602,323

 
196,753

 
2004
 
2000
 
(1)
Atlantic Wharf
 
Office
 
Boston, MA
 

 
63,988

 
454,537

 
17,184

 
63,988

 
471,721

 

 

 
535,709

 
116,238

 
2011
 
 2007
 
(1)
510 Madison Avenue
 
Office
 
New York, NY
 

 
103,000

 
253,665

 
24,992

 
103,000

 
278,657

 

 

 
381,657

 
62,507

 
2012
 
2010
 
(1)
Fountain Square
 
Office
 
Reston, VA
 

 
56,853

 
306,298

 
3,170

 
56,853

 
309,468

 

 

 
366,321

 
68,390

 
1986-1990
 
 2012
 
(1)
599 Lexington Avenue
 
Office
 
New York, NY
 

 
81,040

 
100,507

 
146,971

 
81,040

 
247,478

 

 

 
328,518

 
164,002

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

 
72,545

 
219,766

 
7,829

 
72,545

 
227,595

 

 

 
300,140

 
38,230

 
2014
 
 2012
 
(1)
601 Massachusetts Avenue
 
Office
 
Washington, DC
 

 
95,310

 
165,173

 
3,888

 
95,310

 
169,061

 

 

 
264,371

 
18,263

 
2016
 
 2008
 
(1)
South of Market and Democracy Tower
 
Office
 
Reston, VA
 

 
13,603

 
237,479

 
12,092

 
13,603

 
249,571

 

 

 
263,174

 
91,006

 
2008-2009
 
2003
 
(1)
Bay Colony Corporate Center
 
Office
 
Waltham, MA
 

 
18,789

 
148,451

 
77,133

 
18,789

 
225,584

 

 

 
244,373

 
68,903

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

 
28,255

 
139,245

 
58,442

 
29,029

 
196,913

 

 

 
225,942

 
106,074

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

 
40,933

 
148,378

 
3,259

 
40,933

 
151,637

 

 

 
192,570

 
20,576

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

 

 
183,541

 
4,535

 

 
188,076

 

 

 
188,076

 
52,280

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

 
95,066

 
68,373

 
9,988

 
95,066

 
78,361

 

 

 
173,427

 
17,866

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

 
18,605

 
104,124

 
41,069

 
19,089

 
144,709

 

 

 
163,798

 
63,684

 
1955/1987/2017
 
 1997/1998
 
(1)
1330 Connecticut Avenue
 
Office
 
Washington, DC
 

 
25,982

 
82,311

 
31,476

 
25,982

 
113,787

 

 

 
139,769

 
26,400

 
1984/2018
 
2004
 
(1)
Kingstowne Towne Center
 
Office
 
Alexandria, VA
 

 
18,021

 
109,038

 
1,934

 
18,021

 
110,972

 

 

 
128,993

 
41,436

 
2003-2006
 
 2007
 
(1)
One Freedom Square
 
Office
 
Reston, VA
 

 
9,929

 
84,504

 
26,619

 
9,883

 
111,169

 

 

 
121,052

 
53,268

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

 
25,753

 
92,312

 
(123
)
 
25,854

 
92,088

 

 

 
117,942

 
26,176

 
2010
 
2001
 
(1)
Capital Gallery
 
Office
 
Washington, DC
 

 
4,725

 
29,565

 
77,100

 
6,128

 
105,262

 

 

 
111,390

 
65,272

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

 
13,930

 
77,739

 
17,215

 
13,866

 
95,018

 

 

 
108,884

 
49,768

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

 
16,456

 
66,192

 
19,763

 
15,074

 
87,337

 

 

 
102,411

 
46,584

 
1999
 
2000
 
(1)
Boston Properties Limited Partnership
Schedule 3—Real Estate and Accumulated Depreciation
December 31, 2018
(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
 
140 Kendrick Street
 
Office
 
Needham, MA
 

 
18,095

 
66,905

 
13,563

 
18,095

 
80,468

 

 

 
98,563

 
31,381

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

 
18,863

 
53,346

 
23,403

 
21,098

 
74,514

 

 

 
95,612

 
23,620

 
1981/1996/2013
 
2006
 
(1)
Discovery Square
 
Office
 
Reston, VA
 

 
11,198

 
71,782

 
12,208

 
11,146

 
84,042

 

 

 
95,188

 
38,212

 
2001
 
2003
 
(1)
10 CityPoint
 
Office
 
Waltham, MA
 

 
1,953

 
85,752

 
4,352

 
1,953

 
90,104

 

 

 
92,057

 
7,772

 
2016
 
 1997
 
(1)
90 Broadway
 
Office
 
Cambridge, MA
 

 
19,104

 
52,078

 
18,184

 
20,741

 
68,625

 

 

 
89,366

 
21,265

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

 
13,189

 
49,823

 
20,297

 
13,189

 
70,120

 

 

 
83,309

 
25,964

 
1992
 
2005
 
(1)
77 CityPoint
 
Office
 
Waltham, MA
 

 
13,847

 
60,383

 
5,753

 
13,847

 
66,136

 

 

 
79,983

 
25,085

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

 
10,385

 
60,694

 
8,462

 
10,350

 
69,191

 

 

 
79,541

 
32,005

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

 
63,206

 
14,879

 
673

 
63,206

 
14,879

 
673

 

 
78,758

 
8,146

 
1979
 
 2016
 
(1)
2440 West El Camino Real
 
Office
 
Mountain View, CA
 

 
16,741

 
51,285

 
3,411

 
16,741

 
54,696

 

 

 
71,437

 
12,562

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

 
18,080

 
51,262

 
140

 
18,080

 
51,402

 

 

 
69,482

 
9,450

 
2013
 
 2009
 
(1)
Wisconsin Place
 
Office
 
Chevy Chase, MD
 

 

 
53,349

 
14,889

 

 
68,238

 

 

 
68,238

 
22,936

 
2009
 
2004
 
(1)
191 Spring Street
 
Office
 
Lexington, MA
 

 
2,850

 
59,751

 
5,603

 
2,850

 
65,354

 

 

 
68,204

 
19,435

 
1971/1995/2018
 
 1997
 
(1)
Reston Corporate Center
 
Office
 
Reston, VA
 

 
9,135

 
50,857

 
3,625

 
9,496

 
54,121

 

 

 
63,617

 
27,674

 
1984
 
1998
 
(1)
New Dominion Technology Park, Bldg. Two
 
Office
 
Herndon, VA
 

 
5,584

 
51,868

 
412

 
5,574

 
52,290

 

 

 
57,864

 
24,498

 
2004
 
1998
 
(1)
255 Main Street
 
Office
 
Cambridge, MA
 

 
134

 
25,110

 
28,016

 
134

 
53,126

 

 

 
53,260

 
29,776

 
1987
 
1997
 
(1)
200 West Street
 
Office
 
Waltham, MA
 

 
16,148

 
24,983

 
8,459

 
16,148

 
33,442

 

 

 
49,590

 
21,891

 
1999
 
 1997
 
(1)
New Dominion Technology Park, Bldg. One
 
Office
 
Herndon, VA
 
29,675

 
3,880

 
43,227

 
1,117

 
3,880

 
44,344

 

 

 
48,224

 
26,852

 
2001
 
1998
 
(1)
Sumner Square
 
Office
 
Washington, DC
 

 
624

 
28,745

 
16,974

 
958

 
45,385

 

 

 
46,343

 
24,877

 
1985
 
1999
 
(1)
University Place
 
Office
 
Cambridge, MA
 
5,571

 

 
37,091

 
7,551

 
27

 
44,615

 

 

 
44,642

 
27,519

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

 
4,243

 
31,125

 
6,517

 
4,244

 
37,641

 

 

 
41,885

 
21,426

 
2001
 
1998
 
(1)
North First Business Park
 
Office
 
San Jose, CA
 

 
23,398

 
13,069

 
4,590

 
23,371

 
17,686

 

 

 
41,057

 
16,076

 
1981
 
 2007
 
(1)
150 Broadway
 
Office
 
Cambridge, MA
 

 
850

 
25,042

 
6,535

 
822

 
31,605

 

 

 
32,427

 
17,909

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

 
174

 
12,200

 
15,666

 
772

 
22,741

 
4,527

 

 
28,040

 
13,484

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

 
1,299

 
12,943

 
7,295

 
1,868

 
19,669

 

 

 
21,537

 
13,432

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

 
998

 
1,426

 
17,936

 
1,073

 
19,287

 

 

 
20,360

 
13,430

 
1982
 
1997
 
(1)
201 Spring Street
 
Office
 
Lexington, MA
 

 
2,849

 
15,303

 
291

 
2,849

 
15,594

 

 

 
18,443

 
8,073

 
1997
 
1997
 
(1)
The Point
 
Office
 
Waltham, MA
 

 
6,395

 
10,040

 
431

 
6,480

 
10,386

 

 

 
16,866

 
1,031

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

 
3,219

 
11,038

 
1,157

 
3,219

 
12,195

 

 

 
15,414

 
1,790

 
2015
 
 2012
 
(1)
92-100 Hayden Avenue
 
Office
 
Lexington, MA
 

 
594

 
6,748

 
6,526

 
619

 
13,249

 

 

 
13,868

 
11,629

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

 
1,066

 
9,520

 
1,853

 
1,066

 
11,373

 

 

 
12,439

 
5,332

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

 
1,611

 
6,652

 
3,281

 
1,611

 
9,933

 

 

 
11,544

 
8,084

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

 
266

 
3,234

 
7,586

 
266

 
10,820

 

 

 
11,086

 
8,877

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

 
665

 
9,273

 
314

 
665

 
9,587

 

 

 
10,252

 
4,995

 
1997
 
1997
 
(1)
Boston Properties Limited Partnership
Schedule 3—Real Estate and Accumulated Depreciation
December 31, 2018
(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
 
7450 Boston Boulevard, Building Three
 
Office
 
Springfield, VA
 

 
1,165

 
4,681

 
2,864

 
1,327

 
7,383

 

 

 
8,710

 
3,628

 
1987
 
1998
 
(1)
7435 Boston Boulevard, Building One
 
Office
 
Springfield, VA
 

 
392

 
3,822

 
4,044

 
486

 
7,772

 

 

 
8,258

 
5,748

 
1982
 
1997
 
(1)
8000 Grainger Court, Building Five
 
Office
 
Springfield, VA
 

 
366

 
4,282

 
2,942

 
453

 
7,137

 

 

 
7,590

 
5,720

 
1984
 
1997
 
(1)
250 Binney Street
 
Office
 
Cambridge, MA
 

 
110

 
4,483

 
2,939

 
110

 
7,422

 

 

 
7,532

 
5,291

 
1983
 
1997
 
(1)
453 Ravendale Drive
 
Office
 
Mountain View, CA
 

 
5,477

 
1,090

 
676

 
5,477

 
1,766

 

 

 
7,243

 
558

 
1977
 
2012
 
(1)
7300 Boston Boulevard, Building Thirteen
 
Office
 
Springfield, VA
 

 
608

 
4,773

 
1,226

 
608

 
5,999

 

 

 
6,607

 
2,959

 
2002
 
1997
 
(1)
17 Hartwell Avenue
 
Office
 
Lexington, MA
 

 
26

 
150

 
5,907

 
26

 
6,057

 

 

 
6,083

 
1,406

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

 
200

 
878

 
4,680

 
378

 
5,380

 

 

 
5,758

 
4,318

 
1986
 
1997
 
(1)
7500 Boston Boulevard, Building Six
 
Office
 
Springfield, VA
 

 
138

 
3,749

 
1,140

 
273

 
4,754

 

 

 
5,027

 
3,991

 
1985
 
1997
 
(1)
8000 Corporate Court, Building Eleven
 
Office
 
Springfield, VA
 

 
136

 
3,071

 
1,245

 
686

 
3,766

 

 

 
4,452

 
2,961

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

 
23

 
2,685

 
811

 
47

 
3,472

 

 

 
3,519

 
2,552

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

 
241

 
1,605

 
1,445

 
303

 
2,988

 

 

 
3,291

 
2,594

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

 
249

 
1,542

 
1,346

 
535

 
2,602

 

 

 
3,137

 
2,449

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

 
168

 
1,943

 
231

 
168

 
2,174

 

 

 
2,342

 
1,676

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

 
592

 
1,370

 
117

 
592

 
1,487

 

 

 
2,079

 
853

 
1982
 
1997
 
(1)
Signature at Reston
 
Residential
 
Reston, VA
 

 
27,076

 
190,580

 

 
27,076

 
190,580

 

 

 
217,656

 
3,938

 
2018
 
2013
 
(1)
Proto Kendall Square
 
Residential
 
Cambridge, MA
 

 
9,243

 
127,248

 

 
9,243

 
127,248

 

 

 
136,491

 
1,324

 
2018
 
2015
 
(1)
The Avant at Reston Town Center
 
Residential
 
Reston, VA
 

 
20,350

 
91,995

 
830

 
20,350

 
92,825

 

 

 
113,175

 
12,254

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

 
3,529

 
54,891

 
1,768

 
3,529

 
56,659

 

 

 
60,188

 
11,131

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

 
478

 
37,918

 
33,806

 
478

 
71,724

 

 

 
72,202

 
45,868

 
1986/2017
 
1997
 
(1)
Kendall Center Green Garage
 
Garage
 
Cambridge, MA
 

 

 
35,035

 
7,034

 

 
42,069

 

 

 
42,069

 
12,108

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

 
1,256

 
15,697

 
909

 
1,256

 
16,606

 

 

 
17,862

 
5,472

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

 
1,163

 
11,633

 
480

 
1,163

 
12,113

 

 

 
13,276

 
9,030

 
1990
 
1997
 
(1)
145 Broadway
 
Development
 
Cambridge, MA
 

 
121

 

 
223,642

 
121

 

 

 
223,642

 
223,763

 

 
N/A
 
1997
 
N/A
MacArthur Station Residences
 
Development
 
Oakland, CA
 

 

 

 
87,159

 

 

 

 
87,159

 
87,159

 

 
N/A
 
 N/A
 
N/A
20 CityPoint
 
Development
 
Waltham, MA
 

 

 
6,287

 
46,024

 

 
6,287

 

 
46,024

 
52,311

 

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

 

 

 
25,167

 

 

 

 
25,167

 
25,167

 

 
N/A
 
1998
 
N/A
17Fifty Presidents Street
 
Development
 
Reston, VA
 

 

 

 
25,120

 

 

 

 
25,120

 
25,120

 

 
N/A
 
2013
 
N/A
North First Master Plan
 
Land
 
San Jose, CA
 

 
35,004

 

 
3,932

 

 

 
38,936

 

 
38,936

 

 
N/A
 
 2007
 
N/A
Plaza at Almaden
 
Land
 
San Jose, CA
 

 

 

 
29,928

 

 

 
29,928

 

 
29,928

 

 
N/A
 
2006
 
N/A
Boston Properties Limited Partnership
Schedule 3—Real Estate and Accumulated Depreciation
December 31, 2018
(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
 
Springfield Metro Center
 
Land
 
Springfield, VA
 

 

 

 
19,823

 

 

 
19,823

 

 
19,823

 

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

 

 

 
15,233

 

 

 
15,233

 

 
15,233

 

 
N/A
 
 2006
 
N/A
Platform 16
 
Land
 
San Jose, CA
 

 

 

 
12,962

 

 

 
12,962

 

 
12,962

 

 
N/A
 
2018
 
N/A
103 Fourth Avenue
 
Land
 
Waltham, MA
 

 

 

 
12,208

 

 

 
12,208

 

 
12,208

 

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

 

 

 
11,014

 

 

 
11,014

 

 
11,014

 

 
N/A
 
 1998
 
N/A
Fourth and Harrison
 
Land
 
San Francisco, CA
 

 

 

 
10,350

 

 

 
10,350

 

 
10,350

 

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

 

 

 
9,700

 

 

 
9,700

 

 
9,700

 

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

 

 

 
8,852

 

 

 
8,852

 

 
8,852

 

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

 

 

 
7,473

 

 

 
7,473

 

 
7,473

 

 
N/A
 
 1998
 
N/A
Broad Run Business Park
 
Land
 
Loudoun County, VA
 

 

 

 
2,388

 

 

 
2,388

 

 
2,388

 

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

 

 

 
2,199

 

 

 
2,199

 

 
2,199

 

 
N/A
 
1997
 
N/A
Weston Quarry
 
Land
 
Weston, MA
 

 

 

 
1,237

 

 

 
1,237

 

 
1,237

 

 
N/A
 
 2001
 
N/A
Reston Overlook Master Plan
 
Land
 
Reston, VA
 

 

 

 
39

 

 

 
39

 

 
39

 

 
N/A
 
 2000
 
N/A
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
$
2,964,572

(2
)
$
4,959,995

 
$
12,763,317

 
$
3,483,877

 
$
4,971,475

 
$
15,456,420

 
$
200,498

(3
)
$
578,796

 
$
21,207,189

 
$
4,773,800

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 


Note: Total Real Estate does not include Furniture, Fixtures and Equipment totaling approximately $44,351. Accumulated Depreciation does not include approximately $26,675 of accumulated depreciation related to Furniture, Fixtures and Equipment.
The aggregate cost and accumulated depreciation for tax purposes was approximately $19.9 billion and $4.3 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 unamortized deferred financing costs totaling approximately $(30.8) million.
(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:
 
 
 
2018
 
2017
 
2016
Real Estate:
 
 
 
 
 
 
Balance at the beginning of the year
 
$
20,647,236

 
$
19,701,185

 
$
19,031,289

Additions to/improvements of real estate
 
1,043,379

 
1,099,286

 
977,287

Assets sold/written-off
 
(483,426
)
 
(153,235
)
 
(307,391
)
Balance at the end of the year
 
$
21,207,189

 
$
20,647,236

 
$
19,701,185

Accumulated Depreciation:
 
 
 
 
 
 
Balance at the beginning of the year
 
$
4,473,895

 
$
4,116,020

 
$
3,826,862

Depreciation expense
 
525,584

 
488,919

 
548,397

Assets sold/written-off
 
(225,679
)
 
(131,044
)
 
(259,239
)
Balance at the end of the year
 
$
4,773,800

 
$
4,473,895

 
$
4,116,020

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