Press Releases

BPG ANNOUNCES 189,092 SF LEASE WITH ACCO BRANDS AT KEMPER LAKES

<p><b>LONG GROVE, IL – (January 11, 2012) - </b>BPG Properties, Ltd.(BPG), one of the nation’s leading private equity real estate fund managers, announced today that ACCO Brands Corporation has executed a 189,092 square feet lease to relocate its corporate headquarters to Kemper Lakes Business Center, a 1.1 million square foot, four building office park located in Long Grove, Illinois. ACCO Brands will be occupying all of Four Corporate Drive, a three-story, Class A office building. </p> <p>“We’re excited about the opportunity to provide our people with a working environment that offers state-of-the-art amenities and the ability to accommodate future business growth,” said Boris Elisman, president and chief operating officer, ACCO Brands. “Our employees will be involved in every stage of the design of our new office space, ensuring that we create the ideal environment for collaboration and product innovation.”</p> <p>ACCO Brands Corporation is one of the world's largest suppliers of unique, leading-edge, branded office products. ACCO Brands uses its own sales force and distribution networks to market its products in over 100 countries. </p> <p>“We are extremely pleased we were selected to provide ACCO Brands Corporation our best-in-class, true corporate experience with unparalleled amenities at Kemper Lakes Business Center,” commented Kelly Gibbel, vice president of BPG, who is responsible for asset management of the property. </p> <p>The landlord was represented in the transaction by Dave Florent, senior vice president and Steve Kling, principal of Colliers International, the exclusive leasing agent for Kemper Lakes. ACCO Brands Corporation was represented by Lou Hall, executive director, of Cushman & Wakefield. </p> <p>Kemper Lakes encompasses 164-acres and is situated between two picturesque lakes and overlooks the world-renowned Kemper Lakes Golf Course. Since acquiring the property in March 2005, BPG has completed more than $35 million in capital improvements including a complete redevelopment of the parking area, new exterior entries, new interior lobbies, 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. Since the completion of the renovation BPG has leased more than 500,000 square feet at the campus. 250,000 square feet of fully upgraded office space is currently available at the complex. </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