Press Releases

TALLGRASS CORPORATE CENTER AWARDED TOBY IN RENOVATED BUILDING CATEGORY

<p><b>CHICAGO, IL. – (November 17, 2009) –</b> BPG Properties, Ltd. (BPG), one of the nation’s leading private equity real estate fund managers, announced that Tallgrass Corporate Center in Bolingbrook, Illinois has been awarded The Office Building of the Year (TOBY) by The Building Owners and Managers Association of Suburban Chicago (BOMA/Suburban Chicago) in the Renovated Building Category. The award was given to the 548,000 square foot, Class A office center during a BOMA/Suburban Chicago awards dinner on November 5, 2009. </p> <p>“We are delighted with BOMA Suburban/Chicago’s recognition of Tallgrass Corporate Center as exemplifying outstanding quality and service,” commented Brian Dovalovsky, asset manager in charge of overseeing the property for BPG. “We are committed to providing an exceptional office experience at Tallgrass Corporate Center. Businesses along the I-55 corridor can utilize our flexible office space and robust infrastructure to consolidate operations while enjoying the rich amenities of a corporate campus.” </p> <p>“BPG recently completed a $13 million capital improvement program, which included the redevelopment of 130,000 square feet of former manufacturing space into additional Class A office space with a new entrance, full height window wall and skylights. Other improvements to Tallgrass Corporate Center included creating new, well appointed corridors and lobby areas throughout. The main entrance also was enhanced with a new glass canopy while the parking lot was expanded by 300 spaces. A prior capital improvement program included the addition of a fully equipped conference room, cafeteria and fitness center. </p> <p>“In the past five years, BPG has leased more than 444,000 square feet to a premier roster of tenants including Provena Health, Ulta Beauty, CB&I, Quebecor World Logistics, Adventist Midwest Health and Patterson Medical. 53,000 square feet of contiguous office space is now available for lease and includes a flexible floor plan ready for build out, data center capabilities, 12’ ceilings, a full-height exterior window wall, skylights and private entrance. An additional 22,500 square feet of office space is available in other areas of the building. </p> <p>“BPG purchased the property in 2004 from the former owner/occupant, Tellabs, Inc. At the time of acquisition the former research and development facility was vacant. </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. In the Midwest, affiliates of BPG own and operate properties in Chicago, Minneapolis, St. Louis, Indianapolis, Kansas City, Columbus, Cincinnati and Detroit. 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, at (215) 575-2363<p> <b>For additional information on BPG Properties, Ltd. in the Midwest, please contact: </b><br> Joseph I. Neverauskas, Senior Vice President, at (312) 427-8740<p> <b>For additional information on Tallgrass Corporate Center, please contact: </b><br> Brian Dovalovsky, Asset Manager, at (312) 235-5991<p>