Press Releases

BPG PROPERTIES, LTD ANNOUNCES 55,800 SF LEASE WITH PUBLICIS AT 1000 FLORAL BOULEVARD

<i>The transaction marks the first in the firm’s newly completed LEED Gold certified building</i> <p><b>PHILADELPHIA, PA. – (April 16, 2010) – </b>BPG Properties, Ltd. (BPG), one of the nation’s leading private equity real estate fund managers, announced today the execution of a 55,800 square foot, long-term lease with Publicis Touchpoint Solutions, Inc. (Publicis) at 1000 Floral Vale Boulevard, an 87,000 square foot, four-story office building located less than one mile from the Newtown/Yardley exit of Interstate 95 in Lower Makefield Township, Bucks County, Pennsylvania. This is the first lease transaction executed at 1000 Floral Vale since the building was completed in the fourth quarter of 2009. </p> <p>“We are pleased to have completed this transaction with Publicis,” commented Stephen M. Spaeder, senior vice president of BPG who along with Joseph Felici, asset manager, oversaw the transaction on behalf of the landlord. “We are proud to welcome such a high caliber company to our new LEED Gold certified office building in suburban Philadelphia.”</p> <p>Publicis Touchpoint Solutions, Inc. is part of Publicis Healthcare Communications Group (PHCG) which provides healthcare communications services in Italy, Japan, Spain, the United States, France, England, Canada, and Australia. PHCG offers consumer and professional advertising, branding, digital offerings, managed care, medical affairs, medical education, peer to peer events, pharma personnel, public relations, relationship marketing, sales training, and telesales services. The company was founded in 2003 and is headquartered in New York City, New York. Publicis Healthcare Communications Group, Inc. operates as a subsidiary of Publicis Groupe SA with 2009 revenues in excess of $4.5 billion Euros.</p> <p>Three subsidiaries of PHCG including Arista, Publicis Selling Solution and Saatchi & Saatchi Healthcare Innovations will be relocating to 1000 Floral Vale from other suburban locations in Pennsylvania and New Jersey. Occupancy will be in two phases with more than 37,000 square feet beginning in July 2010 and the total 55,800 square feet to be occupied within the next 12 months.</p> <p>Gordon Ogden of Byrnam Wood, LLC and Doug Newbert of SSH Real Estate represented Publicis in the lease negotiations. The landlord was represented by James Kinzig and Kim Harris of Aegis Property Group, the building’s exclusive leasing agents. </p> <p>Located with prominent visibility along Interstate 95, 1000 Floral Vale Boulevard is the tenth building BPG has developed in Lower Makefield Township since 1999. The building is situated adjacent to BPG’s Lower Makefield Corporate Center, South Campus, a four building 375,000 square foot office center and is within ¼ mile of the North Campus, a six building 375,000 square foot office center. Lower Makefield Corporate Center also includes an on-site professionally operated fitness center, deli and a Hampton Inn & Suites. The firm’s property management company, BPG Management Company, L.P., is headquartered on the South Campus and will provide management services for 1000 Floral Vale. </p> <p>1000 Floral Vale is the latest BPG building to receive LEED certification since the firm made its commitment to designing and constructing all new ground up commercial developments in accordance with sustainability standards and practices recommended by LEED and the USGBC in 2007.</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 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 1000 Floral Vale, please contact: </b><br> Stephen Spaeder, Senior Vice President, 215-575-2386