Press Releases

FIRST OFFICE BUILDING IN NORTHERN VIRGINIA AWARDED PRESTIGIOUS LEED PLATINUM

<p><b>CHANTILLY, VA. (February 15, 2011)</b>– BPG Properties, Ltd., one of the nation’s leading private equity real estate fund managers, announced today that 14360 Newbrook Drive, a 165,000 square foot office building completed by BPG in 2010, has been awarded LEED® Platinum established by the U.S. Green Building Council and verified by the Green Building Certification Institute (GBCI). The building is located in BPG’s Commonwealth Centre, a 101-acre mixed use development located at the highly visible intersection of Route 28 and Westfields Boulevard in Westfields International Corporate Center in Chantilly, Virginia. LEED is the nation’s preeminent program for the design, construction and operations of high performance green buildings.</p> <p>“We are pleased to be the first office building in Northern Virginia to achieve LEED® Platinum certification,” commented Brian J. Fitzgerald, senior vice president of BPG in charge of the firm’s Washington, DC office. “14360 Newbrook Drive is a testament to BPG’s commitment to building sustainable, energy efficient office buildings.” </p> <p> 14360 Newbrook Drive achieved LEED certification for energy use, lighting, water and material use as well as incorporating a variety of other sustainable strategies. By using less energy and water, LEED certified buildings save money for families, businesses and taxpayers; reduce greenhouse gas emissions; and contribute to a healthier environment for residents, workers and the larger community. </p> <p> “Building operations are nearly 40% of the solution to the global climate change challenge,” said Rick Fedrizzi, president and chief executive officer and founding chair, U.S. Green Building Council. “While climate change is a global problem, innovative companies like BPG Properties, Ltd. are addressing it through local solutions.” </p> <p> LEED certification of 14360 Newbrook Drive was based on a number of green design and construction features that positively impact the project itself and the broader community. These features include site wide storm water management that captures a great portion of the storm water in BMP swales, ponds and rain garden, a white roof, low flow irrigation funded by non-potable sources, highly efficient plumbing fixtures including 1.28 gpf toilets and waterless urinals, intelligent building systems, views of the exterior from 90% of the regularly occupied office spaces and low-emitting construction materials and finishes. </p> <p> "Working together as a unified team, we were able to exceed the original goal and achieve Platinum certification through the additional utilization of certified wood products, green power and M&V, waste diversion, regional and recycled materials, and a campus-wide irrigation system funded by condensate and storm water," explained R. David Chambers, RA, LEED® AP BD+C, project architect for the building. </p> <p> The project team consisted of Hickok Cole Architects, KTA Group, Burgess and Niple, SK&A, Lewis Scully Gionet, Hydro Designs, Getchell Consulting, CPM Scheduling, Suffolk Construction and Steven Winter Associates. </p> <p> 14360 Newbrook Drive is the second building BPG has developed at Commonwealth Centre since 2007. The building has extensive visibility and easy access from Route 28, five floors of efficient office space and a unique exterior of precast, glass and aggregate accents. It is occupied by the GSA and CACI International, Inc. </p> <p> In 2007, BPG also developed 14370 Newbrook Drive, a five-story, 165,000 square foot office building now 100% leased and a fully approved and improved building site that can accommodate another 165,000 square foot office building. </p> <p> Commonwealth Centre has been approved for the development of approximately 1,400,000 square feet of integrated hotel, retail and office space. The entire development is being designed to meet the requirements of LEED® using the Application Guide for Multiple Buildings and On-Campus Projects. </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 nearly 19,000 apartment units in more than 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 Commonwealth Centre, please contact: </b><br> Brian Fitzgerald, Senior Vice President, 703-391-1482 <p> <b>About the U.S. Green Building Council</b><br> The Washington, D.C.-based U.S. Green Building Council is committed to a prosperous and sustainable future for our nation through cost-efficient and energy-saving green buildings.<p> With a community comprising 80 local affiliates, more than 18,000 member companies and rganizations, and more than 155,000 LEED Professional Credential holders, USGBC is the driving force of an industry that is projected to contribute $554 billion to the U.S. gross domestic product from 2009-2013. USGBC leads an unlikely diverse constituency of builders and environmentalists, corporations and nonprofit organizations, elected officials and concerned citizens, and teachers and students.<p> Buildings in the United States are responsible for 39% of CO2 emissions, 40% of energy consumption, 13% water consumption and 15% of GDP per year, making green building a source of significant economic and environmental opportunity. Greater building efficiency can meet 85% of future U.S. demand for energy, and a national commitment to green building has the potential to generate 2.5 million American jobs.<p> <b>About LEED</b><br> The U.S. Green Building Council's LEED green building certification system is the foremost program for the design, construction and operation of green buildings. Over 32,000 projects are currently participating in the commercial and institutional LEED rating systems, comprising over 9.6 billion square feet of construction space in all 50 states and 114 countries. <p> By using less energy, LEED-certified buildings save money for families, businesses and taxpayers; reduce greenhouse gas emissions; and contribute to a healthier environment for residents, workers and the larger community. <p> USGBC was co-founded by current President and CEO Rick Fedrizzi, who spent 25 years as a Fortune 500 executive. Under his 15-year leadership, the organization has become the preeminent green building, membership, policy, standards, influential, education and research organization in the nation. <p> For more information, visit www.usgbc.org.