Press Releases

BPG PROPERTIES, LTD. COMPLETES LEASE WITH EUSA PHARMA AT ONE SUMMIT SQUARE IN LANGHORNE, PA

<p><b>PHILADELPHIA, PA. – (April 20, 2009) – </b>BPG Properties, Ltd., one of the nation’s leading private equity real estate fund managers, announced today that EUSA Pharma (EUSA) has signed a lease for approximately 7,600 square feet at One Summit Square, a four-story, 67,000 square foot office building, located at the intersection of Routes 332 and 413 and Doublewood Road in Langhorne, Pennsylvania. </p> <p>“We were pleased that we could accommodate EUSA Pharma’s corporate real estate requirements,” commented Stephen M. Spaeder, senior vice president of BPG who completed the transaction for the landlord along with Joseph Felici, asset manager for the building.</p> <p>The company previously occupied space within BPG’s 650 College Road East building, a four-story, 168,000 square foot office building in Princeton Forrestal Center. BPG and the landlord’s exclusive leasing agents, Jim Kinzig and Kim Harris of Aegis Property Group, worked closely with EUSA and their broker at Skyline Commercial Real Estate to accommodate their needs at One Summit Square. </p> <p>EUSA Pharma is a rapidly growing transatlantic specialty pharmaceutical company focused on in-licensing, developing and marketing late-stage oncology, pain control and critical care products. Founded in 2006, the company is supported by a consortium of leading life science capital investors and has raised over $275 million in capital. The company has an established commercial infrastructure in the US, a pan-European presence covering over 20 countries and wider distribution network in a further 25 territories.</p> <p>One Summit Square offers a professional corporate environment with small floor plates for a very high window to floor area ratio. The building is located adjacent to a neighborhood shopping center and allows for immediate access to Routes 413 and 322, within one mile of I-95 in Bucks County, Pennsylvania. </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 20 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.<br> <br> <b>For additional information on BPG Properties, Ltd., please contact:</b><br> Holly Reynolds, Vice President, 215-575-2363<br> <br> <b>For additional information on One Summit Square, please contact:</b><br> Stephen M. Spaeder, Senior Vice President, 215-575-2386