Press Releases

EQUUS CAPITAL PARTNERS ANNOUNCES 32,317 SF LEASE WITH MEDIMMUNE AT 25 W WATKINS MILL ROAD IN GAITHERSBURG, MD

<html xmlns="http://www.w3.org/1999/xhtml"> <head></head> <body> <p><strong>GAITHERSBURG, DC. – (May 28, 2013</strong>) – Equus Capital Partners, Ltd., formerly BPG Properties, Ltd., (BPG), one of the nation’s leading private equity real estate fund managers, announced that MedImmune, LLC., a wholly owned subsidiary of AstraZeneca, has executed a 32,317 square foot, seven year lease extension at 25 West Watkins Mill Road, which is part of the 282,523 square foot Gaithersburg office and lab portfolio in Gaithersburg, Maryland.<br /><br />"Gaithersburg will serve as one of three global research and development centers for MedImmune and AstraZeneca,” said Brian Fitzgerald, senior vice president of Equus who is in charge of the Washington, D.C. region.&#160; “We are thrilled that they have elected to extend their commitment to our Suburban Washington DC Office/Lab portfolio which is strategically located at the recently funded interchange at I-270 and Watkins Mill Road, slated to open in 2016.”<br /><br />The landlord was represented in the lease negotiations by Bernard M. McCarthy of Jones Lang LaSalle.&#160; MedImmune, LLC was represented by Peter Briskman of Jones Lang LaSalle.<br /><br />Equus acquired the Gaithersburg office and lab portfolio in February of 2013 on behalf of its latest fund BPG Investment Partnership IX, L.P.&#160; The portfolio is located in close proximity to I-270, near the southern entrance to the Watkins Mill Town Center, a 200-acre, mixed-use development which will include 4.5 million square feet of Class A office, hotel, restaurants, retail and residential product.&#160; Additionally, the state of Maryland recently approved a $125 million new full clover leaf interchange at the intersection of I-270 and Watkins Mill Road, which will provide improved access from the portfolio to local transportation hubs. &#160;<br /><strong><br /> About Equus Capital Partners, Ltd.</strong><br />Equus Capital Partners, formerly BPG Properties, Ltd. is one of the nation’s leading private equity real estate fund managers.&#160; Equus’ 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.equuspartners.com.<br /><br /><strong>For additional information on the company, please contact:</strong><br />Joseph Nahas, Jr, Vice President, 215-575-2363<br /><br /><strong>For additional information on the property, please contact:</strong><br />Brian Fitzgerald, Senior Vice President, 703-391-1482<br /><br /></p> </body> </html>