In a released statement, Mortimer B. Zuckerman, chairman of the board of Boston Properties said, "Doug Linde has demonstrated his extensive financial knowledge and transaction skills and has been integral to our rapid growth and success as a public company. Expanding his responsibilities fit extremely well in the company's long-range management plans."

Boston Properties is a real estate investment trust that develops and owns Class A office, industrial and hotel properties in the Northeast corridor and in San Francisco. The company recently signaled its intentions to continue its rapid growth by increasing its unsecured line of credit from $500 million to $605 million. The funding comes from a 14-bank global lending group led by Fleet National Bank of Boston.

In addition to the 865,000-sf office tower under construction in the Prudential Center here, the company acknowledged that it was buying 265 Franklin St. in the financial district for $97 million, sharing the ownership with a NY State pension fund.