Press Releases


<p><b>ATLANTA, GA. – (October 16, 2009) –</b>BPG Properties, Ltd., one of the nation’s leading private equity real estate fund managers, announced the execution of new leases totaling approximately 66,000 square feet with GS Battery (U.S.A.), Inc., GS Yuasa Lithium Power, Inc. and Plasma Surgical, Inc. at Northmeadow Business Park situated in the Roswell area of metro Atlanta, Georgia. The new leases increase occupancy at the 1.2 million square foot, 20 building office/flex park to 87%. </p> <p> “We are pleased to welcome GS Battery, GS Yuasa Lithium Power and Plasma Surgical to Northmeadow Business Park,” commented Greg Chapin, asset manager of BPG who was responsible for negotiating the leases on behalf of the landlord. “Northmeadow Business Park is an ideal location for these companies, who require a combination of office and warehouse space as they grow their business.” </p> <p> GS Battery and its sister company GS Yuasa Lithium Power are leasing 40,465 square feet in 1150 Northmeadow Parkway, a 50,000 square foot, single-story light industrial and office/flex building with 22’ clear ceiling heights, 30’ x 35 column loading and dock high loading. The two companies are part of GS Yuasa International Ltd. of Japan, the world’s third largest battery manufacturer. GS Battery is the American subsidiary specializing in batteries for motorcycles and other vehicles with revenue of $76 million in 2008. GS Yuasa Lithium Power specializes in lithium batteries for the aerospace industry and scientific community with revenue of $2 million in 2008. Ryan Bowie of Icon Commercial Interests represented GS Battery in the lease negotiations. </p> <p> Plasma Surgical is leasing 25,489 square feet in 1125 Northmeadow Parkway, a 67,000 square foot, single-story light industrial and office/flex building with 22’ clear ceiling heights and dock high loading. Plasma Surgical is a global company committed to advancing surgical technology that enhances the care and safety of patients during medical procedures. The company is headquartered in England and maintains offices in the United States and France for sales and operations with offices in Sweden for research, development and manufacturing. Plasma Surgical was represented in the lease negotiations by Jeremy Smith and Peter Webster of Advocate Commercial Real Estate. </p> <p> The landlord was represented by David Beak and Stephen Pond of NAI Brannen Goddard, the exclusive leasing agent for the business park. </p> <p> Northmeadow Business Park is located less than two miles from the Mansell Road exit off of Georgia Route 400 in the dynamic North Fulton submarket of Atlanta. The park offers ample parking in an attractively landscaped setting with trails and outdoor seating. </p> <p> Constructed in phases between 1987 and 2000, the buildings offer the flexibility of office and/or light industrial space with a combination of loading options and ceiling heights ranging from 14' clear to 24' clear. </p> <p> BPG acquired Northmeadow Business Park in the second quarter 2007 on behalf of BPG Investment Partnership VII, L.P., a fully discretionary private equity fund with total equity commitments of $550 million. It is managed by BPG Management Company – NC, LLC, a property management affiliate of BPG Properties, Ltd. </p> <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 <p> <b>For additional information on BPG Properties, Ltd., please contact:</b><br> Holly Reynolds, Vice President, 215-575-2363<p> <b>For additional information on BPG Properties, Ltd., please contact:</b><br> Greg Chapin, Asset Manager, 678-538-6301