Press Releases

BPG PROPERTIES, LTD'S 7000 CENTRAL PARK COMPLETES 97,000 SF IN LEASING IN UNDER SIX MONTHS

<p><b>ATLANTA, GA. – (March 22, 2010) – </b>BPG Properties, Ltd. (BPG), one of the nation’s leading private equity real estate fund managers, announced today the execution of leases totaling more than 97,000 square feet at 7000 Central Park, a 415,324 square foot Class A office building in Atlanta, Georgia. The nine transactions were completed since the beginning of the fourth quarter 2009 with five of the transactions, representing more than 76,000 square feet, being signed in 2010. Occupancy at the building is now 80%. </p> <p>“We are pleased with the increasing velocity at 7000 Central Park,” commented Peter Shatz, asset manager of BPG who is responsible for overseeing the asset management of the property. “We believe that the completion of these new and renewal lease transactions are a direct result of our on-going commitment in providing the highest quality office space with exceptional services and value to our tenants.” </p> <p>Lease renewals totaled 66,800 square feet and included Knowledge Development Centers for 18,000 square feet, Hartrampf for 12,700 square feet and Wells Fargo for 33,000 square feet. </p> <p>New lease transactions ranged in size from 1,900 square feet to close to 10,000 square feet and were completed with such notable tenants as Oppenheimer, Merritt Hawkins, Sandy Springs Chamber of Commerce, Obenschain & Chandler and Live Person. </p> <p>The landlord was represented in lease negotiations by Tom Miller and Justin Cimino of Grubb & Ellis. </p> <p>7000 Central is an 18-story office building located at the interchange of GA 400 and Interstate 285. The property is two blocks from public transportation and is in close proximity to Perimeter Mall, Atlanta’s largest and most upscale retail complex. The building’s on-site amenities include a café, sundries shop, fitness center, a car service and abundant structured parking with covered walkways. The site features a private lake with fountains, a seating plaza and gazebo. </p> <p>Since acquiring the property in 2007, BPG has completed more than $1.7 million in improvements including the renovation of the main entrance lobby and upgrades to common corridors and the on-site conference center and café services. </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 25 million square feet of office, retail, student housing, and industrial properties and more than 25,000 apartment units in more than 100 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> Holly Reynolds, Vice President, 215-575-2363