Beacon Capital Partners
{{Short description|American real estate investment firm based in Boston, Massachusetts}}
{{Infobox company
| name = Beacon Capital Partners, LLC
| logo = Beacon_Capital_Partners_Logo.svg
| image =
| image_caption =
| trading_name =
| type = Private
| traded_as =
| industry = Real estate
| predecessor = Beacon Properties, Inc. (1994 - 1997)
The Beacon Companies (1946 - 1994)
| founded = {{Start date and age|1998}}
| founder = Alan M. Leventhal
| location_city = Boston, Massachusetts
| locations =
| locations_year =
| area_served = United States
| key_people = Fred A. Seigel
(President & CEO)
| products = {{Unbulleted list|Office buildings|Laboratories}}
| revenue =
| revenue_year =
| operating_income =
| operating_income_year =
| net_income =
| net_income_year =
| aum =
| aum_year =
| assets =
| assets_year =
| equity =
| equity_year =
| owner =
| num_employees = 120 (2022)
| num_employees_year =
| parent =
| divisions =
| subsid =
| homepage = {{URL|beaconcapital.com}}
| bodystyle =
}}
File:44 Montgomery.jpg in San Francisco, a building owned by the company]]
Beacon Capital Partners is an American real estate investment firm based in Boston, Massachusetts. It was founded in 1998, after Beacon Properties, Inc., Beacon's predecessor, was acquired by EQ Office in a $4 billion transaction.{{cite web|url=http://www.hoovers.com/company-information/cs/company-profile.Beacon_Capital_Partners_LLC.7af5d7c0846bffb3.html |title=Beacon Capital Partners|publisher=Hoovers|access-date=October 1, 2014 }}{{cite news |url=https://www.nytimes.com/1998/05/02/business/company-news-beacon-capital-makes-first-property-acquisition.html |title=Company News Beacon Capital Makes First Property Acquisition | newspaper=The New York Times|date=May 2, 1998 | access-date=October 1, 2014}} The company focuses on office and life science properties in major markets across the United States.{{cite web |last1=Logan |first1=Tim |title=Top CBRE executive jumps to Beacon Capital |url=https://www.bostonglobe.com/2021/03/19/business/top-cbre-exec-jumps-beacon-capital/ |website=Boston Globe |publisher=The Boston Globe |access-date=3 June 2022}} Its European presence formerly included buildings in London, Paris, and Luxembourg.{{cite web | url=http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=3587680 | archive-url=https://web.archive.org/web/20090621235152/http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=3587680 | url-status=dead | archive-date=June 21, 2009 | title=Beacon Capital Partners LLC | publisher=Business Week | work=Investing | access-date=October 1, 2014 }}
Select Properties
Select list of properties developed or owned by Beacon Capital Partners:
=Current=
- 44 Montgomery (San Francisco, CA){{cite web |last1=Torres |first1=Blanca |title=Beacon Capital Partners close to buying 44 Montgomery, as S.F. office sales market heats up |url=https://www.bizjournals.com/sanfrancisco/news/2017/03/24/beacon-capital-44-montgomery-san-francisco.html |website=San Francisco Business Times |publisher=The Business Journals |access-date=5 June 2022}}
- 53 State Street (Boston, MA){{cite web |title=Boston's Trophy Building 53 State Street Sold for $845 Million to a Joint Venture that Includes Beacon Capital Partners |url=https://bostonrealestatetimes.com/bostons-trophy-building-53-state-street-sold-for-845-million-to-a-joint-venture-that-includes-beacon-capital-partners/ |website=Boston Real Estate Times |date=21 December 2018 |access-date=5 June 2022}}
- 190 South LaSalle (Chicago, IL){{cite web |last1=Ecker |first1=Danny |title=LaSalle Street building poised to sell for about $230 million |url=https://www.chicagobusiness.com/commercial-real-estate/lasalle-street-building-poised-sell-about-230-million |website=Crain's Chicago Business |publisher=Crain Communications, Inc. |access-date=5 June 2022}}
- 575 Fifth Avenue (New York)
- 600 Congress (Austin, TX){{cite web |last1=Pitcher |first1=Michelle |title=These blockbuster Austin real estate deals ranked among nation's biggest in 2021 |url=https://www.bizjournals.com/austin/news/2022/03/01/commercial-cafe-report-biggest-office-sales.html |website=Austin Business Journal |publisher=The Business Journals |access-date=5 June 2022}}
- AMA Plaza (Chicago, IL){{cite web |last1=Dorbian |first1=Iris |title=Beacon Capital buys Chicago office building AMA Plaza for $467.5 mln |url=https://www.pehub.com/beacon-capital-buys-chicago-office-building-ama-plaza-for-467-5-mln/ |website=PE Hub |date=17 October 2016 |publisher=PEI Media |access-date=5 June 2022}}
- Bank of America Tower (Houston, TX){{cite web |last1=Sarnoff |first1=Nancy |title=Boston buyer spends $373M on Bank of America Tower |url=https://www.chron.com/business/texas-inc/article/Boston-buyer-spends-373M-on-Bank-of-America-Tower-14921778.php |website=Chron |publisher=Houston Chronicle |access-date=5 June 2022}}
- Lake Merritt Plaza (Oakland, CA)
- Southline Boston (Boston, MA), former headquarters of The Boston Globe{{cite web |last1=Chesto |first1=Jon |title=New investor and focus on life science as massive re-do of former Globe building hits home stretch |url=https://www.bostonglobe.com/2021/08/18/business/developer-former-globe-site-welcomes-new-investor-more-cash-lab-office-space/ |website=Boston Globe |publisher=The Boston Globe |access-date=5 June 2022}}
- Terrell Place (Washington, D.C.)
=Former=
- 10 Universal City Plaza (Universal City, CA), sold 2006
- 221 Main Street (San Francisco, CA)
- 330 Hudson (New York, NY)
- 535 Mission Street (San Francisco, CA), sold 2012
- 85 Broad Street (New York, NY)
- 901 Fifth Avenue (New York, NY), sold 2007
- Berkeley Building (Boston, MA), sold 2006
- Citigroup Center (Los Angeles, CA), sold 2006
- City Center East (Bellevue, WA), sold 2010{{cite web |url=https://www.businesswire.com/news/home/20100712006196/en/Cole-Real-Estate-Investments-Acquires-Microsoft-Bing |title=Cole Real Estate Investments Acquires Microsoft Bing HQ in One of the Largest Real Estate Transactions of 2010 |date=July 12, 2010 |website=Business Wire |access-date=2020-01-04}}
- CityPoint (London, England), sold 2016 {{cite news|title=Brookfield's CityPoint purchase completes|url=https://www.egi.co.uk/news/brookfields-citypoint-purchase-completes/}}
- Columbia Center (Seattle, WA), sold 2015{{cite news |last=Stiles |first=Marc |date=August 7, 2015 |title=Columbia Center sells to Hong Kong company for $711 million |url=http://www.bizjournals.com/seattle/blog/2015/08/columbia-center-sells-to-hong-kong-company-for-711.html |work=Puget Sound Business Journal |access-date=August 8, 2015}}{{cite news |last=Bhatt |first=Sanjay |date=August 7, 2015 |title=Columbia Center sold to Hong Kong investors |url=http://www.seattletimes.com/business/real-estate/columbia-center-sold/ |newspaper=The Seattle Times |access-date=August 8, 2015}}
- John Hancock Tower (Boston, MA), sold 2007{{cite web |title=Hancock Tower put up for sale |url=https://www.bizjournals.com/boston/stories/2006/09/04/daily20.html |website=Boston Business Journal |access-date=4 June 2022}}
- One Beacon Street (Boston, MA), sold 2014{{cite web |url=https://www.bostonglobe.com/business/2014/07/28/office-building-one-beacon-street-sold-for/F5iqP4Ja9wozZMfBqBsu3I/story.html |title=Office building One Beacon Street sold for $561m |date=July 28, 2014 |website=Boston Globe |access-date=2020-01-04}}
- One Sansome Street (San Francisco, CA), sold 2010
- Presidential Tower (Arlington, VA), sold 2019{{Cite web|last=|first=|date=21 May 2019|title=Crystal City Office Tower Sells for $100M|url=https://www.cpexecutive.com/post/crystal-city-office-tower-sells-for-100m/|url-status=live|archive-url=https://web.archive.org/web/20190708181605/https://www.cpexecutive.com/post/crystal-city-office-tower-sells-for-100m/ |archive-date=2019-07-08 |access-date=8 July 2020|website=Commercial Property Executive}}
- Tour First (Paris, France)
- Tysons Metro Center (Tysons, VA), sold 2017{{Cite web|last=|first=|date=24 February 2017|title=The Meridian Group adds to its footprint at Greensboro Metro|url=https://www.bizjournals.com/washington/news/2017/02/24/exclusive-the-meridian-group-adds-to-its-footprint.html|url-status=live|archive-url=https://web.archive.org/web/20170226163436/http://www.bizjournals.com:80/washington/news/2017/02/24/exclusive-the-meridian-group-adds-to-its-footprint.html |archive-date=2017-02-26 |access-date=8 July 2020|website=bizjournals}}
- Wells Fargo Center (Denver, CO)
- Wells Fargo Center (Seattle, WA), sold 2013
See also
References
{{reflist}}
External links
- [http://beaconcapital.com Official website]
{{Beacon Capital Partners}}
Category:Organizations established in 1998
Category:Real estate companies of the United States