The Hub on Causeway office tower

Boston Properties awarded executives with bigger bonuses after a busy development year in Greater Boston and beyond.

Bryan Koop, executive vice president of the company’s Boston region, saw his annual cash bonus increase 53 percent to nearly $1.3 million in 2017, according to an SEC filing. That boosted Koop’s total compensation, including base salary and stock options, by 14.9 percent to nearly $3 million.

Total cash bonuses for the company’s CEO, CFO and three highest-paid executives increased 17.5 percent to $9 million. The group’s compensation rose 11 percent to $33.7 million. CEO Owen Thomas’s $10 million total compensation was 96 times that of the $104,897 median total compensation of all other employees.

Among the REIT’s local goals was to deliver the 888 Boylston St. in Boston and Reservoir Place North in Waltham office projects at or below their combined $290 million budget, both of which were completed on target.

Boston Properties last year began construction of 145 Broadway in Cambridge, a $375 million, 475,000-square-foot office tower leased to tech giant Akamai; a 38-story, 440-unit apartment tower at The Hub on Causeway; and the 20 CityPoint office building in Waltham. Engineering firm Simpson, Gumpertz & Heger has leased 70,000 square feet at the 211,000-square-foot Waltham building.

Company-wide development totaled 2.5 million square feet and total leasing was 6.4 million square feet in 2017. Boston Properties is active in the Boston, New York, Washington, D.C., San Francisco and Los Angeles metros.

After Busy Development Year, Boston Properties Execs’ Bonuses Jump

by Steve Adams time to read: 1 min
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