$24m office purchase.BPG BPG Blocks Per Game (basketball statistic) BPG Bisphosphoglycerate BPG Bi-National Planning Group (NORADHQ) BPG Belgian Polymer Group BPG Binational Planning Group Properties, Ltd. the operating affiliate of Berwind Property Group, Ltd., announced the acquisition of Highwood Office Park, a three-building Class A office park located in Tewksbury, Massachusetts Tewksbury (pronounced IPA: /ˈtʊksbɛriː, ˈtʊksbriː/) is a town in Middlesex County, Massachusetts, United States. The population was 28,851 at the 2000 census. for $23,925,000. The purchase was made on behalf of BPG's Investment Partnership VI, L.P. ("Fund VI"), a fully discretionary fund with total commitments of $384 million. The buildings are 43% leased. "The acquisition of Highwood Office Park is consistent with our value added Value Added The enhancement a company gives its product or service before offering the product to customers. Notes: This can either increase the products price or value. strategy of identifying well-located quality real estate with significant vacancy that can be repositioned in an improving market," commented Albert J. Corr, Vice President in charge of the New England New England, name applied to the region comprising six states of the NE United States—Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut. The region is thought to have been so named by Capt. region for BPG. "We feel this asset is the premier choice for tenants looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. space in the Route 495 North submarket." Mr. Corr was responsible for this acquisition and will oversee the repositioning and releasing of the park. BPG plans to implement a capital improvement program at the park. |
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