Press Releases

BPG ANNOUNCES 17,359 SF LEASE WITH LAUGHLIN CONSTABLE, INC. AT 200 SOUTH MICHIGAN AVE IN CHICAGO, IL

<p><b>Chicago, IL. (March 24, 2011) - </b>BPG Properties, Ltd. (BPG), one of the nation’s leading private equity real estate fund managers, announced that Laughlin Constable, Inc. has executed a lease for 17,359 square feet at 200 South Michigan Avenue, a 357,777 square foot, 22-story office building located in downtown Chicago, Illinois, just steps away from Millennium Park. </p> <p>“We are proud to add Laughlin Constable to our growing list of high profile tenants,” stated Brian Dovalovsky, asset manager for BPG who is responsible for overseeing the operations and leasing of the building. “200 South Michigan Avenue continues to provide a great opportunity for companies looking for spectacular park and lake views.”</p> <p>Laughlin Constable, an integrated advertising agency with offices in Chicago, Milwaukee and New York, has been providing best-in-class marketing services to its clients for over 30 years. The agency’s Full Circle Branding suite includes brand strategy development, digital marketing, design, advertising, public relations, social marketing and media. Its annual billings are in excess of $200 million. Some of the agency’s clients include: Associated Bank, Bon-Ton Stores, Bridgestone/Firestone, Harley-Davidson Museum, Kimberly-Clark Corp. (KMB), Master Lock, Skin Cancer Foundation, Terlato Wines International and the Wisconsin Department of Tourism.</p> <p>The landlord was represented in the lease negotiations by Ben Azulay, managing director, and Andrew DeMoss, director, of Bradford Allen Realty Services, the exclusive leasing agent for the building. Ari Klein, senior vice president, and David Mahoney, senior associate, of Grubb & Ellis, represented Laughlin Constable in the negotiations. </p> <p>Since its acquisition in 2000, BPG has completed an extensive multi-million renovation program at 200 South Michigan Avenue. In 2002, the building was awarded the prestigious 2002 TOBY (The Office Building of the Year) in the Renovated Building category by the Chicago Chapter of the Building Owners and Managers Association (BOMA). Most recently, the firm hosted a rotational art program featuring local artists in the lobby of the building. The building is located adjacent to the Chicago Orchestra Hall and Art Institute. </p> <p>40,000 square feet of office space is now available for lease on the top floors of 200 South Michigan Avenue. The space features abundant natural light, panoramic lakefront and city views, and a private penthouse with an outdoor terrace.<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> Joseph I. Neverauskas CRE, Senior Vice President, 312-427-8740