Press Releases

BPG ANNOUNCES 314,521 SF LEASE WITH CTDI AT 200 WEST STEWART HUSTON DRIVE IN SADSBURY TOWNSHIP, PA

<p><b>PHILADELPHIA, PA. – (May 11, 2011) </b>– BPG Properties, Ltd., one of the nation’s leading private equity fund managers, announced today that Communications Test Design, Inc. (CTDI) executed a five year, full building lease for 200 West Stewart Huston Drive, a 314,521 distribution facility located in Sadsbury Township, Chester County, Pennsylvania. The transaction extends the existing full building lease that was executed in 2006 after BPG’s acquisition of the property from EB Games, the former owner and occupant. </p> <p>“We are pleased that CTDI has chosen to extend its lease at 200 West Stewart Huston Drive,” commented Peter Derrico, asset manager of BPG who was responsible for the lease negotiations. </p> <p>CTDI is a premier telecommunications service company, headquartered in West Chester, Pennsylvania, that has been providing groundbreaking maintenance and product service solutions to the global telecommunications industry since 1975. Today, CTDI services Original Equipment Manufacturers (OEM) and Carriers with 42 international strategic repair and logistics locations supported by an experienced team of over 3,500 telecommunications professionals. CTDI was represented by John Morrissey of Jackson Cross Partners in the negotiations. </p> <p>Built in 2004, 200 West Stewart Huston Street is a 314,521 square foot modern distribution facility, situated on 27.9 acres of land allowing for expansion by up to approximately 89,400 square feet. The property offers 30 foot clear heights, 24 tailgate doors, one drive-in door, ample parking and 14,000 square feet of finished office space.</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 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.bpgltd.com.<p> <b>For additional information on BPG Properties, Ltd., please contact: </b><br> Joseph G. Nahas, Jr., Vice President, 215-575-2363<p> <b>For additional information on the property, please contact: </b><br> Peter Derrico, Asset Manager, 215-575-2482