v3.25.2
Subsequent Events
6 Months Ended
Jun. 30, 2025
Subsequent Events [Abstract]  
Subsequent Events
14. Subsequent Events
On July 1, 2025, the Company completed and fully placed in-service 1050 Winter Street, an approximately 162,000 net rentable square foot office property located in Waltham, Massachusetts (See Note 3).
On July 28, 2025, the Company sent notice to its partner that it has elected to acquire its partner’s 45% interest in the 343 Madison Avenue project at cost, or approximately $43.5 million, during the third quarter of 2025. In addition, on July 31, 2025, the Company elected to proceed with full vertical construction of 343 Madison Avenue in New York City, New York. 343 Madison Avenue will be a 46-story, 930,000 rentable square foot office development located in Manhattan with direct access to Grand Central Station.