Press Releases

EQUUS ACQUIRES 4-BUILDING OFFICE & LAB PORTFOLIO FOR $41,400,000

<html xmlns="http://www.w3.org/1999/xhtml"> <head></head> <body> <p><strong><br /> PHILADELPHIA, PA – (February 14, 2013) –</strong> <a href="~/" target="_blank">Equus Capital Partners, Ltd. (Equus)</a>, formerly BPG Properties, Ltd., one of the nation’s leading private equity real estate fund managers, announced today that one of its affiliates has acquired a four-building, 282,523 square foot office and lab portfolio in Gaithersburg, Maryland, for $41,400,000. &#160;The acquisition also included a 4.9-acre parcel of land that can accommodate the development of 125,000 square feet of office/lab space. At the time of the acquisition, the buildings were 95 percent leased to major life science tenants including Medimmune, Qiagen and Amplimmune, Inc.</p> <p>“The transaction provided us with the opportunity to acquire a well-located office and lab portfolio in the heart of suburban Maryland’s DNA Alley,” commented George Haines, vice president of Equus who handled the acquisition for the firm. “With this portfolio, Equus will enjoy stable cash flow for the next few years from brand-name life science tenants while providing us the opportunity to add value over the long-term through re-leasing and potential development of the land parcel.” Equus’ senior vice president, Roy Perry, and director of investments, Kyle Turner, also assisted in the transaction.</p> <p>The seller was represented by Jim Meisel, Dek Potts, and Matt Nicholson of HFF as well as Robert Scheer and Matt Brady of Scheer Partners.</p> <p>The acquisition of the four building portfolio was made on behalf of BPG Investment Partnership IX, L.P., a discretionary fund managed by Equus, which commenced making acquisitions in February, 2012. The portfolio includes three one-story office/flex/lab buildings, located at 25, 35, and 45 West Watkins Mill Road that are leased to Medimmune, Amplimmune, Inc. and Montgomery County. The fourth building in the portfolio is located at 1201 Clopper Road, which totals 143,585 square feet of office/lab/distribution space and was developed in 2000 as a build-to-suit for Digene, prior to its merging with Qiagen in 2007. &#160;A high percentage of the four building complex was designed with a high-quality lab infrastructure which is very attractive to the needs of today’s life science tenants.</p> <p>The portfolio is located in close proximity to I-270, near the southern entrance to the Watkins Mill Town Center, a 200-acre, mixed-use development which will include 4.5 million square feet of Class A office, hotel, restaurants, retail, and residential product. Additionally, a new full clover leaf interchange has been approved at the intersection of I-270 and West Watkins Mill Road. This major highway improvement will provide immediate access for the portfolio.&#160;</p> <p><strong>About Equus Capital Partners, Ltd.</strong><br />Equus Capital Partners, formerly BPG Properties, Ltd. is one of the nation’s leading private equity real estate fund managers.&#160; Equus’ 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 <a href="~/" target="_blank">www.equuspartners.com. <br /> </a><br /><strong>For additional information on the company, please contact:</strong><br />Joseph Nahas, Jr, Vice President, 215-575-2363</p> <p><strong>For additional information on the property, please contact:</strong><br />Brian Fitzgerald, Senior Vice President, 703-391-1482.</p> </body> </html>