BPG PROPERTIES, LTD. ANNOUNCES SALE OF 154,225 SF BUILDING IN ANAHEIM, CA TO ADVANTAGE MAILING INC.
<p><b>ANAHEIM, CA. - (April 16, 2010) – </b>BPG Properties, Ltd. (BPG), one of the nation’s leading private equity real estate fund managers, announced today the sale of 1600 North Kraemer Boulevard, a 154,225 square foot office/warehouse building in Anaheim, California, to Advantage Mailing, Inc. for $11.2 million. The printing and mailing company will consolidate its business operations from three separate locations in Orange County to 1600 North Kraemer Boulevard. The property is situated in close proximity to the interchange of US Highways 91 and 57, offering access to the California Freeway System, the port of Long Beach and the Los Angeles and Orange County Airports. </p> <p>Advantage Mailing chose 1600 North Kraemer because it allowed them to upgrade their corporate image, easily consolidate operations and maintain a location that was accessible to all of Southern California. Most importantly, the building met the power demands of the company’s printing equipment with up to 6,000 AMPs of electrical service. In addition, the City of Anaheim has its own local utility company that was able to offer competitive rates to Advantage Mailing.</p> <p>Advantage Mailing was founded 12 years ago as a private mailbox store. Since that time, the company has grown into a single stop shop for clients seeking smart solutions for direct mail and print campaigns. The company was represented by Steven Brackman and Shaun Kearney of Ashwill Associates in the sale negotiations. BPG was represented by Ian Britton, Ben Seybold, and Rick McGeagh of CB Richard Ellis. </p> <p>In January 2007, BPG acquired 1600 North Kraemer Boulevard and the adjacent 1650 North Kraemer Boulevard, a 122,600 square foot distribution facility. Both facilities were 100% vacant at the time of acquisition. In October 2007, BPG leased 1650 North Kraemer Boulevard to PODS Enterprise, Inc. </p> <p>The purchase was made on behalf of BPG Investment Partnership VII, L.P. (Fund VII), a fully discretionary private equity fund with total equity commitments of $550 million. </p> <b>About BPG Properties, Ltd.</b><br> BPG Properties, Ltd. is one of the nation’s leading private equity real estate fund managers. BPG’s portfolio consists of over 25 million square feet of office, retail, student housing, and industrial properties and more than 24,000 apartment units in more than 100 communities located throughout the United States. The firm is headquartered in the Philadelphia area with regional offices in Los Angeles, Chicago, Washington DC, Boston, Atlanta and Raleigh-Durham. For additional information, please visit the company’s website at www.bpgltd.com.<p> <b>For additional information on BPG Properties, Ltd., please contact:</b><br> Holly Reynolds, Vice President, 215-575-2363