Press Releases


<p><b>Chantilly, VA – (September 17, 2010) – </b>BPG Properties, Ltd (BPG), one of the nation’s leading private equity real estate fund managers, announced the execution of a lease totaling approximately 63,500 square feet with the United States General Services Administration (GSA) at 14360 Newbrook Drive. The five-story, 165,000 square foot office building is located within BPG’s Commonwealth Centre, a 101-acre mixed use development located at the highly visible intersection of Route 28 and Westfields Boulevard in Westfields International Corporate Center in Chantilly, Virginia. The GSA will occupy two floors of 14360 Newbrook Drive.</p> <p>“We are pleased to have completed this transaction with the GSA,” commented Brian Fitzgerald, senior vice president and director of BPG’s Regional Washington, DC office, who was responsible for the lease transaction. “The execution of this lease brings occupancy in the building up to 90 percent occupancy, marking an important step in the development of Commonwealth Centre, which will eventually include a fully integrated, mixed use development of hotel, office and retail space.” </p> <p>The GSA’s mission is to provide superior workplaces, expert technology solutions, acquisition services, purchasing and E-Gov travel solutions and management policies, at the best value, to allow federal agencies to focus on their core missions. </p> <p>The GSA was represented by Joe Judge, Howard Traul and Chad Habeeb of Jones Lang LaSalle. The landlord was represented by the project’s exclusive leasing agents, Michael Shuler, John McEvilly and Rob Walters of Millennium Realty Advisors.</p> <p>14360 Newbrook Drive is the second building BPG has developed at Commonwealth Centre since 2007. In 2007, BPG also developed 14370 Newbrook Drive, a five-story, 165,000 square foot office building and a fully approved and improved building site that can accommodate another 165,000 square foot office building. The entire building at 14370 Newbrook Drive and an additional two floors in 14360 Newbrook Drive are currently occupied by CACI International. </p> <p>14360 Newbrook Drive has an intelligent building design with an IT backbone allowing for integrated building systems, high-end IT functions and leading edge sustainable design features capable of meeting LEED Platinum certification. The building offers extensive visibility and easy access from Route 28, an atrium lobby, six floors of efficient office space and a unique exterior of precast, glass and aggregate accents. Currently, 32,000 square feet remains available on one floor of the building. </p> <p>Commonwealth Centre has been approved for the development of approximately 1,400,000 square feet of integrated hotel, retail and office space. The entire development is being designed to meet the requirements of LEED® using the Multiple Buildings and On-Campus Guide. </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 nearly 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> Joseph G. Nahas, Jr, Vice President, 215-575-2363<p> <b>For additional information on Commonwealth Centre, please contact:</b><br> Brian Fitzgerald, Senior Vice President, 703-391-1482