Boston Properties Eyes Last Spot at RTC
Group seeks to buy 4.5-acre undeveloped parcel at Reston Town Center.
According to a report from the CoStar Group, the 4.5-acre plot, currently owned by Beacon Capital Partners, will sell for about $27 million ($6 million per acre).
The parcel is commercially zoned for 250,000 square feet of office space. Boston Properties is evaluating a potential mixed-use development plan, which could include residential as well as commercial uses, CoStar said.
Beacon owns the original potion of the property that opened in 1990. Boston Properties owns and manages the newer part of RTC South of Market Street and is working on purchasing the Fountain Square buildings.
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