Press Releases


<b>Chantilly, Va. – (July 29, 2008) – </b>BPG Properties, Ltd. (BPG), one of the nation’s leading private equity real estate fund managers, announced the execution of leases totaling 220,000 square feet with CACI International, Inc. (CACI) in Phase I of the firm’s Commonwealth Centre at Westfields, a 101-acre mixed use development located at the highly visible intersection of Route 28 and Westfields Boulevard within Westfields International Corporate Center in Chantilly, Virginia. CACI will lease the entire 160,000 square foot building that was completed by BPG in the third quarter 2007 and will occupy approximately 60,000 square feet in a to be constructed in an adjoining second building. <p> “We are pleased to have completed this transaction with CACI,” commented Roy C. Perry, senior vice president who was responsible for the lease transaction for BPG. “The signing of this lease is an important step in the development of Commonwealth Centre as it both fully leases our first building and enables us to immediately commence construction of our second building which is now 37 percent pre-leased.” <p> CACI International, Inc. provides professional services and IT solutions for defense, intelligence, homeland security, and the federal civilian government. The company’s services and solutions help its federal clients provide for national security, improve communications and collaboration, secure the integrity of information systems and networks, enhance data collection and analysis, and increase efficiency and mission effectiveness. CACI is a member of the Fortune 1000 Largest Companies of 2007 and the Russell 2000 index. It employs approximately 12,000 people working in over 120 offices in the U.S. and Europe. <p> CACI was represented by Mike Christian and Junius Tillery of UGL Equis in the lease negotiations. The landlord was represented by the project’s exclusive leasing agents, Michael Shuler, John McEvilly, Doug Eliott and Rob Walters of Millennium Realty Advisors. <p> BPG completed the first 160,000 square foot, five-story Class A office building in Phase I in October 2007. The building has an intelligent building design with an IT backbone allowing for integrated building systems and the capability for high end IT functions along with several leading edge sustainable design features. It also offers extensive frontage and easy access from Route 28, an atrium lobby, five floors of efficient office space and a unique exterior of precast, glass and aggregate accents. This building is situated adjacent to two fully approved and improved building sites, each of which can accommodate a 160,000 square foot office building. CACI will occupy 2 floors of the second building of Phase I which is scheduled for delivery in June, 2009. <p> In the fourth quarter 2007, BPG received approvals allowing for Phase II of the development which includes approximately 340,000 square feet of retail and office space along with a Westin and an Element hotel. The approvals also allow for Phase III, which will include three mid-rise office buildings, planned to meet stringent GSA security and setback requirements, on the east side of the site across from the retail and hotel development. The buildings will accommodate up to 595,000 square feet of office space with structured parking. <p> The entire development is being designed to meet the requirements of LEED® using the Multiple Buildings and On-Campus Guide and provide an integrated and complimentary office, retail and hotel development. The site will offer Class A office space within professionally designed and constructed office buildings with well landscaped sites, outdoor seating and surface parking. The entire site will be connected by walking paths and will include a landscaped plaza with outdoor seating. Second floor office space within the retail will provide an ideal location for smaller companies seeking space in this corporate destination location. <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 20 million square feet of office, retail, student housing, and industrial properties and more than 25,000 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 <br><br> <b>For additional information on BPG Properties, Ltd., please contact:</b><br> Holly Reynolds, Vice President, 215-575-2363<br> <br> <b>For additional information on Commonwealth Centre, please contact:</b><br> Roy C. Perry, Senior Vice President, 215-575-2433<br>