Press Releases

BPG ANNOUNCES 124,860 SF OF 4TH QUARTER LEASING AT KEYSTONE AT THE CROSSING

<p><b>INDIANAPOLIS, IN – (January 11, 2011) –</b> BPG Properties, Ltd. (BPG), one of the nation’s leading private equity real estate fund managers, announced today the completion of fourth quarter 2010 leasing totaling 124,860 square feet at Keystone at the Crossing, a 1,000,000 square foot complex consisting of five office buildings and one retail building located at the intersection of Interstate 465 and Keystone Avenue, northeast of downtown Indianapolis, Indiana. 11 leases were executed during the quarter with seven of those, totaling 90,000 square feet, completed in December 2010. </p> <p>“We are pleased with the increasing leasing velocity at Keystone at the Crossing,” commented Brant Glomb, vice president of BPG who is responsible for overseeing the asset management of the property. “We believe that the completion of these lease transactions is a direct result of our on-going commitment in providing the highest quality office space with exceptional services, amenities and value to our tenants.” </p> <p>The transactions ranged in size and consisted of new, renewal and expansion leases. Expansions and new leases represented 50% of the leasing volume. Notable expansions included DeVry University from 9,047 square feet to 42,064 square feet with the addition of its sister school, Chamberlain College of Nursing. Yellow Pages Group, LLC expanded by 12,128 square feet to a total of 33,182 square feet and Slingshot SEO Incorporated undertook its second expansion of 5,556 square feet, bringing them to a total of 11,576 square feet at the property. </p> <p>Major renewals during the quarter included Horizon Planning Group for 9,344 square feet, Arlington Roe for 21,089 square feet and Flaherty & Collins, Inc. for 12,871 square feet. </p> <p>The landlord was represented in the lease negotiations by John Robinson of Jones Lang LaSalle. </p> <p>Keystone at the Crossing is Indianapolis’ only fully integrated office, retail and residential development. It adjoins two full service hotels, Marriott and Sheraton, and the 600,000 square foot Fashion Mall, offering 95 specialty stores. Since acquiring the complex in December 2005, BPG has completed $12 million in improvements, adding amenity areas as well as upgrading lobbies, corridors and restrooms throughout the complex. </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 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 www.bpgltd.com.<br><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 Keystone at the Crossing, please contact: </b><br> Brant Glomb, Vice President, 312-673-3593