Press Releases

BPG ANNOUNCES SALE OF 60 TEMPLE PLACE IN BOSTON, MA FOR $10,250,000

<p><b>PHILADELPHIA, PA. – (March 14, 2012) – </b>BPG Properties, Ltd., one of the nation’s leading private equity fund managers, announced today the sale of 60 Temple Place, a 51,757 square foot office building located in Downtown Crossing neighborhood of Boston, Massachusetts, for $10,250,000 to STP, LLC. At the time of the sale, the building was 100 percent leased. </p> <p>“While we have owned the property since 1984, we found a natural exit in selling the property to an affiliate of two of our current tenants,” commented Chris Locatell, vice president of dispositions at BPG. </p> <p>60 Temple Place is a six-story office building with ground floor and lower level retail space located on Washington Street, the main commercial artery in the Downtown Crossing neighborhood of Boston, Massachusetts. The building is accessible from both Washington Street and Temple Place and is in close proximity to the State House, Boston Public Gardens, retail shopping, entertainment venues and residential developments. It is within one block of the MBTA station. </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> Christopher J. Locatell, Vice President, 215-575-2349