Press Releases

BPG PROPERTIES, LTD. ANNOUNCES 18,357 SF LEASE AT TOWER POINT AT THE HIGHLANDS IN SPARKS, MARYLAND

<p><b>SPARKS, MD – (July 1, 2009) – </b>BPG Properties, Ltd. (BPG), one of the nation’s leading private equity real estate fund managers, announced today that Symphony Diagnostic Services, Inc., doing business as MobilexUSA, has executed an 18,357 square foot, long-term lease at 930 Ridgebrook Road, a 72,406 square foot, three-story Class A office building, located within Tower Point at the Highlands, a three building premier office campus situated a short distance off the Shawan Road Exit of Interstate 83 near Hunt Valley Towne Centre in Sparks, Maryland. </p> <p>“We are pleased that MobilexUSA has chosen to remain at Tower Point at the Highlands,” commented Brian Fitzgerald, vice president of BPG and head of the firm’s Washington, D.C. regional office. “We believe MobilexUSA’s decision speaks to the quality and services provided at the campus.” </p> <p>MobilexUSA is a leading provider of mobile imaging services with X-Ray technologists who travel to more than 6,000 facilities throughout the United States. MobilexUSA has been serving patients in healthcare facilities and institutions for over 30 years and has built an outstanding reputation for availability, responsiveness, quality, and patient comfort.</p> <p>The tenant was represented by Athan Sunderland of Preston Partners, Inc. in the lease negotiations. The landlord was represented by Hayes Merkert and Danielle Schline of Preston Partners, Inc., the property’s exclusive leasing agents. </p> <p>In May 2009, Fundamental Administrative Services, LLC executed a full building lease at 920 Ridgebrook Road, a 94,071 square foot, three-story Class A office building, situated adjacent to 930 Ridgebrook. Currently, there are two floors, totaling approximately 54,000 square feet, available at 930 Ridgebrook. </p> <p>BPG acquired the three building, 221,234 square foot Class A office campus in the first quarter 2005 on behalf of BPG Investment Partnership VI, L.P., a $384 million private equity fund. Since the acquisition, the firm sold 910 Ridgebrook Road, a 56,000 square foot office building and has obtained municipal approvals to develop up to 103,000 square feet of additional office space at a newly entitled site adjacent to the existing buildings. </p> <p>The 60-acre corporate park is in close proximity to Hunt Valley Towne Centre, a new lifestyle center offering a wide range of eateries and shopping opportunities. The surrounding area includes some of the most exclusive housing in the Baltimore suburbs. </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>For additional information on Tower Point at the Highlands, please contact: </b><br> Brian Fitzgerald, Vice President, 703-391-1482