Press Releases

BPG PROPERTIES, LTD. ANNOUNCES 25,583 SF LEASE WITH TIER TECHNOLOGIES AT THE CAMPUS AT SUNRISE

<p><b>RESTON, VA. – (December 16, 2009)</b> –BPG Properties, Ltd., one of the nation’s leading private equity real estate fund managers, announced the execution of a lease for 25,583 square feet with Tier Technologies, Inc. (Tier) at The Campus at Sunrise, a 254,280 square foot, three building office park located along Sunrise Valley Drive, minutes from the Hunter Mill Road and Wiehle Avenue exits of the Dulles Toll Road in Reston, Virginia. Tier will occupy the entire third floor of 11130 Sunrise Valley Drive, a three-story 67,353 square foot office building.</p> <p>“We are pleased to welcome Tier Technologies to The Campus at Sunrise,” commented Brian Fitzgerald, vice president of BPG who along with Keith Knight, asset manager, negotiated the lease transaction on behalf of the landlord. “We believe Tier’s choice to relocate their headquarters to 11130 Sunrise Valley Drive is reflective of the quality of the office space and the on-site amenities and services available to tenants at the Campus.”</p> <p>Tier is a leading provider of electronic payment solutions in the biller direct market. Headquartered in Reston, Virginia, the company provides over 3,900 electronic payment clients in all 50 states and the District of Columbia with enhanced payment services that include multiple payment choices, payment channels, and bill payment products and services. Tier serves clients in multiple markets including federal, state, and local governments, educational institutions, utilities and commercial clients through its subsidiary, Official Payments Corporation.</p> <p>Steve Ranck and Dee Miller of Jones Lang LaSalle represented Tier in the lease negotiations. The landlord was represented by Mike Pepper, Jeff Roman and John DiCamillo of CB Richard Ellis, the exclusive leasing agents for the park.</p> <p>The Campus at Sunrise consists of 11180 Sunrise Valley Drive, 11190 Sunrise Valley Drive and 11130 Sunrise Valley Drive. 11180 Sunrise Valley Drive is a four-story, 78,648 square foot office building, providing prominent Dulles Toll Road visibility and signage opportunities. Situated adjacent to 11800 Sunrise Valley Drive is 11190 Sunrise Valley Drive, a three-story, 108,157 square foot office building. It features many upgrades and amenities including an on-site café with outdoor seating overlooking a distinctive water feature and a state-of-the art fitness center with shower and locker room facilities.</p> <p>Currently, there are approximately 53,000 square feet of available space within the three buildings in suites varying in size from 4,000 square feet to 17,000 square feet. </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. <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 The Campus at Sunrise, please contact: </b><br> Brian Fitzgerald, Vice President, 703-391-1482