BXP Sells 10.6% Stake in 343 Madison Avenue Development to AVRS Partners

• BXP closed the sale of a 10.6% equity interest in Manhattan’s 343 Madison Avenue development to AVRS Partners.
• The sale reduces its required equity commitment while preserving full development control; additional minority interests may be sold.
• The approximately $2 billion project is under construction, with completion expected in the third quarter of 2029.
• Pre-leasing stands at approximately 56%; executed letters of intent could lift that to approximately 70% if converted to leases.
• Project financing includes a $1.2 billion construction loan that closed in July 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. BXP Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20261014151778) on October 14, 2026, and is solely responsible for the information contained therein.