Per Mike LaBelle, EVP, CFO & Treasurer of BXP, "This facility enhances our already strong liquidity as we continue our strategic focus on growing BXP's portfolio of premier workplaces, including the commencement of our two fully leased life science developments in Cambridge, MA, creating value over the long term for our clients and shareholders." Boston Properties has been enhancing its portfolio quality through repositioning initiatives through acquisitions and the development of properties in core markets, and shedding properties in non-core markets. Also, amid strong demand from life-science tenants, it is converting numerous straight office buildings to office labs in its suburban portfolio, especially its Kendall Center project, which is one of the leading preferred locations for life-science clients in the world.