Press Releases

BPG'S WESTBOROUGH OFFICE PARK EARNS 2011 TOBY AWARD

<p><b>WESTBOROUGH, MA. – (November 28, 2011) –</b> BPG Properties, Ltd. (BPG), one of the nation’s leading private equity real estate fund managers, announced that Westborough Office Park has won the 2011 The Office Building of the Year (TOBY) Award in the Suburban Low Rise category from the Building Owners and Managers Association (BOMA). Westborough Office Park is a four building, 374,711 square foot office park located at the intersection of Routes 495 and 9 in Westborough, Massachusetts. It is owned by an affiliate of BPG and managed by the firm’s property management operating affiliate, BPG Management Company, L.P.</p> <p>“We are delighted with BOMA’s recognition of Westborough Office Park as exemplifying BPG’s commitment to outstanding quality and service. Even in these tough economic times, we maintained our value-add strategy; completing our capital improvement program, implementing green initiatives and achieving Energy Star status. None of this could have been achieved without the collaboration of the entire BPG team. Congratulations and many thanks go to Heather Costanzo for her hard work and determination in attaining this prestigious award,” commented Michael Rota, vice president in charge of overseeing the property for BPG. </p> <p>The property management of Westborough Office Park is overseen directly by Heather Costanzo, property manager of BPG Management and supported by the entire Boston team including BPG Management’s Laura Rogan, regional portfolio manager, Carol Burtt Borglund, Ylenia Valente and Building Technology Engineers’ Rich Larrabee, Gary Saunders and Bob Wolske.</p> <p>In order to be considered for the prestigious TOBY Award, Westborough Office Park underwent a detailed building inspection, provided summaries of its operations, tenant relations programs, involvement in the community, emergency evacuation procedures, and more to a panel of judges who are experts in the commercial real estate industry. </p> <p>Earlier this year, BPG qualified the four buildings, located at 1700-2000 West Park Drive, for an ENERGY STAR rating by The United States Environmental Protection Agency’s (EPA). The rating is held by the top 25 percent of commercial and industrial facilities in the country for energy performance. </p> <p>Since acquiring the park on behalf of BPG Investment Partnership VIII, L.P. in 2007, BPG has invested over $4 million to renovate the property including lobby and common area upgrades, the addition of a fitness center, new on-site cafes and park and building signage improvements. </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. 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, at (215) 575-2363<p> <b>For additional information on Westborough Office Park, please contact: </b><br> Michael Rota, Asset Manager, at (781) 577-2700<p>