Press Releases

BPG ANNOUNCES 35,604 SF LEASE WITH MILESTONES, INC. AT TOTTEN POND OFFICE PARK IN WALTHAM, MA

<p><b>BOSTON, Ma. – (November 29, 2010) –</b>BPG Properties, Ltd., one of the nation’s leading private equity real estate fund managers, announced the execution of a 35,604 square foot renewal and expansion lease with Milestones, Inc. at Totten Pond Office Park, a 293,000 square foot, three building office park located immediately off of Route 128 in Waltham, Massachusetts. Milestones, which previously occupied 13,085 square feet of space in 460 Totten Pond Road, has expanded its operations by an additional 22,519 square feet and moved to 400-2 Totten Pond Road, where it will occupy spaces on two floors of the four-story 79,089 square foot office building.</p> <p>“We are pleased that we could accommodate Milestones’ growth and expansion efforts at Totten Pond Office Park and look forward to our continued relationship,” said Michael Rota, Vice President of BPG Properties.</p> <p>Launched in 1994, Milestones, Inc. offers a variety of services and resources dedicated to helping children with special needs and their families. The company focuses on helping children by teaching more appropriate and useful patterns of communication, behavior, organization, and relating to others, while respecting their individuality.</p> <p>Jayson and Glenn Rhuda of Mohr Partners represented Milestones, Inc. in the lease negotiations. The landlord was represented by Robert Walles, Matt Siciliano and Andy Majewski of CB Richard Ellis, the exclusive leasing agents for the park.</p> <p>Totten Pond Office Park consists of 400-2 Totten Pond Road, 400-1 Totten Pond Road, a four-story, 75,570 square foot office building and 460 Totten Pond Road, a seven-story, 141,981 square foot office building. The park is located immediately off Route 128 (Interstate 95) within minutes of the Mass Pike interchange and within walking distance of six hotels and two full service restaurants.</p> <p>Amenities within Totten Pond Office Park include two newly renovated full service cafés in 400-2 and 460 Totten Pond Road, a tenant only fitness center with showers and locker rooms in 460 Totten Pond Road and on-site ownership and management. In 2008, BPG completed renovations to the lobbies, common area corridors and restrooms of both buildings.</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 25 million square feet of office, retail, student housing, and industrial properties and more than 24,000 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> Joseph G. Nahas, Jr., Vice President, 215-575-2363<br><br> <b>For additional information on Totten Pond Office Park, please contact:</b><br> Michael Rota, Vice President, 781-577-2700