Boston Properties (BXP) Inks Lease Extension in Santa Monica

Boston Properties, Inc. (BXP) has been receiving a positive response from its existing tenants, as indicated by its recent leasing efforts. This office REIT has inked a 467,000 square-foot long-term lease extension with Snap Inc. at Santa Monica Business Park in Santa Monica, CA. The multi-building lease extension will be valid for a term of ten years. This move will boost the occupancy level at the company’s property and fuel growth in rental income.Located in the heart of the lively Sunset and Ocean Park ...