Press Releases

BPG PROPERTIES, LTD ANNOUNCES THE COMPLETION OF 39,887 SF FLEX INDUSTRIAL WAREHOUSE FACILITY AT SUMNER BUSINESS PARK IN RALEIGH, NC

<p><b>RALEIGH, Nc. – (May 14, 2008) – </b> BPG Properties, Ltd. (BPG), one of the nation’s leading private equity real estate fund managers, has announced the completion of 6520 Meridien Drive, a newly constructed 39,887 square foot, multi-tenant, flex industrial warehouse facility at Sumner Business Park in Raleigh, NC. BPG acquired the Park and additional land in January 2006 as part of its acquisition of a 66 property portfolio, totaling more than 4.2 million square feet of industrial, flex and office space and additional land.</p> <p>6520 Meridien Drive can accommodate businesses seeking 3,000 – 39,887 square feet of flex/industrial/office space and offers dock and drive-in doors, fiber optics, precast concrete with glass facades and abundant parking for its tenants. Located just off of US Route 1/Capital Boulevard and the Interstate 540 Interchange Outer Loop, the building is part of a 558,981 square foot campus-style business park situated on 83.5 acres of attractively landscaped grounds. Sumner Business Park is conveniently located just 15 minutes from Durham and Research-Triangle Park.</p> <p>“We believe Sumner Business Park is one of the premier business parks in the region,” stated David Barndt, Vice President of BPG and President of BPG Management Company –NC, LLC who oversees the management of the portfolio for the firm. “Its desirable location, amenities, and proximity to major shopping malls, hotels, restaurants and major interstates make it ideal for a variety of businesses in the Raleigh-Durham region.”</p> <p>The portfolio is managed by BPG Management Company – NC, LLC. Mike Green, Ken Pennington, and John Palamar of BPG Management-NC are the leasing agents for the building. For additional information on Sumner Business Park, please visit www.bpgmanagementnc.com.</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 www.bpgltd.com.<br> <br> <b>For additional information on BPG Properties, Ltd., please contact:</b><br> Holly Reynolds, Vice President, 215-575-2363<br> <br> <b>About BPG Management Company – NC, LLC</b><br> BPG Management Company - NC, LLC is a full service property management and leasing company headquartered in Raleigh, NC. The company oversees a portfolio, totaling more than four million square feet of flex, industrial, office and retail space in over 60 properties, located throughout Raleigh-Durham and North Carolina.<br> <br> <b>For additional information on the property and BPG Management Company-NC, LLC, please contact:</b><br> Dave Barndt, President, 215-575-2401