Press Releases


<p><b>PHILADELPHIA, PA. – August 27, 2012 – </b>BPG Properties, Ltd., one of the nation’s leading private equity real estate fund managers, announced today its operating affiliates have executed 985,874 square feet of new and renewal leases for the second quarter of 2012. The announcement brings the total leasing activity for the first half of 2012 to 1,891,598 square feet. </p> <b>Highlights from the Greater Philadelphia region include: </b><br> <ul> <li>Airgas renewed its lease for 58,972 square feet at Radnor Court in Radnor. Airgas was represented by John Perkins of Jones Lang LaSalle. The landlord was represented by Steve Cousart and Stephen Kriz of CB Richard Ellis.</li> <li>J. Reckner signed a 25,782 square foot lease for 1600 Manor Drive in Chalfont. The tenant was represented by John Behm of Cressa Partners. </li> <li>FT Services signed a lease for 15,044 square feet at 1000 Continental in King of Prussia. The tenant was represented by Warren Morris of McKelvy Partners. Jeffrey Mack, Adam Shute, and Michael Maloney of Newmark Knight Frank Smith Mack represented the landlord. </li> <li>Horizon Healthcare Services signed a 4,490 square foot lease at East Gate Square Shopping Center in Moorestown, New Jersey. Michael Gorman of Metro Commercial Real Estate, Inc. represented the landlord for this transaction. </li></ul> <b>National Highlights include:</b><br> <ul> <li>Epicor renewed its 60,754 square foot office lease at Metropoint in suburban Minneapolis, Minnesota. The tenant was represented by Kim Josephson of RealTech. Jason Butterfield and Gordie Hampson of Cushman & Wakefield/NorthMarq represented the landlord.</li> <li>Kimberly-Clark renewed its lease for 46,409 square feet of industrial space at Northmeadow Business Park in suburban Atlanta, Georgia. The tenant was represented by Duncan Gibbs and Gannon Sheppard of Jones Lang LaSalle. David Beak and Stephen Pond of NAI Brannen Goddard represented the landlord. </li> <li>Crawford signed a lease for 42,091 square feet of office space at Kemper Lakes Corporate Center in Long Grove, Illinois. The tenant was represented by Jeffrey Schomisch of ProTen Realty. Steve Kling and David Florent of Colliers International represented the landlord. </li> <li>New Cingular renewed its office lease for 40,213 square feet at Golden Bear Plaza in Palm Beach Gardens, Florida. The tenant was represented by Mike Marrone of Jones Lang LaSalle. Neil Merin and Jason Sundook of NAI/Merin Hunter Codman represented the landlord. </li> <li>Concord Servicing signed a 7-year lease for 28,736 square feet of office space at Lincoln Towne Center in Scottsdale, Arizona. Rob Baggot of First Commercial Real Estate Advisors represented the tenant. Jerry Noble, Greg Mayer and Pat Devine of CB Richard Ellis represented the landlord. </li></ul> <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 24 million square feet of office, retail, student housing, and industrial properties and more than 18,000 apartment units in over 70 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 <p> <b>For more information, please contact Joseph Nahas, Jr, Vice President, 215-575-2363. </b>