Press Releases

FRESENIUS KABI LEASES 101,000 SF AT BPG'S KEMPER LAKES BUSINESS CENTER IN LONG GROVE, IL

<html xmlns="http://www.w3.org/1999/xhtml"> <head></head> <body> <p><strong>Chicago, IL. – (October 15, 2012) –</strong> BPG Properties, Ltd., one of the nation’s leading private equity real estate fund managers, announced today that Fresenius Kabi, USA, LLC selected Kemper Lakes Business Center as their new corporate headquarters. Kemper Lakes Business Center is a 1.1 million square foot, four building office park located in the northern Chicago suburb of Long Grove, IL. Fresenius Kabi, USA executed a 15 year lease on 101,000 square feet of Class A office space at One Corporate Drive.<br /><br />“We are pleased to be able to provide Fresenius Kabi USA with a working environment which offers quality office space with state-of-the-art amenities and the ability to accommodate their future business growth.” commented Kelly Gibbel, vice president of BPG, who is responsible for asset management of the property and handled negotiations on behalf of the landlord.<br /><br />Fresenius Kabi is the leader in infusion therapy and clinical nutrition in Europe, Latin America and Asia Pacific. Within I.V. generic drugs, Fresenius Kabi counts among the leading suppliers in the U.S. market. The company is focused on the therapy and care of critically and chronically ill patients in and outside the hospital.<br /><br />The landlord was represented in the transaction by David Florent, senior vice president and Steve Kling, principal of Colliers International. Fresenius Kabi, USA was represented by Scott Brandwein, executive vice president and David Saad, senior vice president of CBRE, Inc.<br /><br />Kemper Lakes Business Center encompasses 164-acres and is situated between two picturesque lakes and overlooks the world renowned Kemper Lakes Golf Course. Since acquiring the property on behalf of BPG Investment Partnership, VI LP. in March, 2005, BPG has completed more than $35 million in capital improvements include a complete redevelopment of the parking area, new exterior entries, new interior lobbies and enhanced landscaping. BPG also made significant upgrades to existing amenities including creating a premier fitness center, multi-use conference center, full service cafeteria and on-site day care. The property was 27% leased at acquisition and is now 87% leased representing the corporate headquarters for ACCO Brands Corporation, Dovenmuehler Mortgage Inc, and Fenwal, Inc.<br /><br /><strong>About BPG Properties, Ltd.</strong><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.<br /></p> <p><strong>For additional information on BPG Properties, Ltd., please contact:</strong><br />Joseph G. Nahas, Jr., Vice President, 215-575-2363<br /><br /><strong>For additional information on the property, please contact:</strong><br />Kelly Gibbel, Vice President, 312-235-5998<br /><br /></p> </body> </html>