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Bloomberg
Mort Zuckerman, who co-founded Boston Properties Inc. in 1970 and has been its chairman since 1997, will leave the company’s board next month following its annual election of trustees.
Zuckerman, 78, won’t seek re-election at the company’s annual meeting, Boston Properties, the biggest U.S. office real estate investment trust, said. In honor of his “long and dedicated service,†Zuckerman will be named chairman emeritus and still be able to attend board meetings.
Zuckerman and co-founder Ed Linde were the guiding forces behind the growth of Boston Properties, whose holdings include the General Motors Building and former Citigroup Center in New York, Boston’s Prudential Center and John Hancock Tower, and the Capital Gallery in Washington. In San Francisco, the REIT owns properties such as the Embarcadero Center and is building a skyscraper for Salesforce.com Inc.
The company has 46.5 million rentable square feet across 168 commercial properties.