Press Releases


<p><b>PHILADELPHIA, PA. – (August 11, 2010) – </b>BPG Properties, Ltd. (BPG), one of the nation’s leading private equity fund managers, announced today that it has appointed Larry Bergen of Colliers International as the exclusive listing agent for 121 Greentree Road, a 57,000 square foot commercial office/flex building located five minutes from the Route 422 expressway in Oaks, PA. Currently, there is 8,500 square feet of space available for lease at the property. The remaining 48,500 square feet is occupied by Verizon Pennsylvania, Inc. </p> <p>“We have tremendous confidence in the professionalism and experience of the Collier’s team,” commented Peter Derrico, asset manager of BPG, who is responsible for overseeing the operation of 121 Greentree. “We look forward to working with Colliers to offer this excellent opportunity to occupy office/flex space in the desirable King of Prussia/Valley Forge submarket.” </p> <p>Developed by BPG in 2005, 121 Greentree Road offers 24’ clear ceiling heights, up to 18 loading docks, 40’ x 40’ bays, build-to-suit office space, individual tenant entrances with signage opportunities, designated car and truck entrances, store front window system and excellent accessibility via the Oaks exit of Route 422. The modern red brick building is located adjacent to a Bright Horizon daycare facility, developed by BPG in 2007, and a fully approved, pad site for the development of a 28,000 square foot, single-story professional building along Egypt Road.</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 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> <b>For additional information on BPG Properties, Ltd., please contact:</b><br> Joseph G. Nahas, Jr., Vice President, 215-575-2363<br><br> <b>For additional information on 121 Greentree Road, please contact:</b><br> Peter Derrico, Asset Manager, 215-575-2482<br><br> <b>For leasing information on 121 Greentree Road, please contact: </b><br> Larry Bergen, 215-928-7528 or