Printer Friendly
The Free Library
14,736,044 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

$38m off-market Stamford sale.


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 (BPG), a private equity real estate fund manager, has announced the sale of 1010 Washington Boulevard The following roads are named Washington Boulevard:
  • Washington Boulevard (Arlington)
  • Washington Boulevard (Baltimore)
  • Washington Boulevard (Detroit)
  • Washington Boulevard (Los Angeles)
  • Washington Boulevard (Stamford)
, a Class A, 139,058 s/f office complex in Stamford, CT to an affiliate of SL Green Realty Corp. for $38 million.

Jacqueline Pinyan-Durels, Tim Rorick and Josh Gopan from GVA GVA

general visceral afferent system of nerves.
 Williams represented the seller.

BPG acquired the two-building property in January 2005, and has since completed over $1 million of capital improvements.

"1010 Washington Boulevard is an excellent example of how BPG repositioned an underperforming asset underperforming asset

An asset that earns a lower rate of return than it would be capable of earning if it were properly used. A firm with underperforming assets is a prime target for takeover. Compare nonperforming asset.
 in a growing market and made it succeed," said Al Corr, vice president of BPG who along with Jennifer Bowlby, vice president, was responsible for overseeing the repositioning and leasing of the property.

"As the leasing agent at the property, we saw tremendous opportunity for BPG to capitalize on Cap´i`tal`ize on`   

v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>.
 its recent investment activity and the high demand for office space in Stamford," said Jacqueline Pinyan-Durels, vice president, GVA Williams. "We presented the opportunity to SL Green Realty Corp and successfully negotiated this off-market transaction on behalf of BPG."
COPYRIGHT 2007 Hagedorn Publication
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Real Estate Weekly
Date:Jun 27, 2007
Words:175
Previous Article:Moinian to convert 95 Wall Street to luxury rentals.
Next Article:Wilf expands retail holdings to Queens.
Topics:



Related Articles
The view from Visteon's European ops.(Euro AUTO)(Editorial)
The Stone Shop International.(SUPPLIER NEWS)
Hudson Yards tower sold for $664m.
Westbrook grabs chance to reposition 444 Madison.
Besen team turns it around in DUMBO.
Preliminary space planning for clients is critical for brokers.(INSIDERS OUTLOOK)
Saskatchewan's huge footprints on the world.(EXPORTING)
LIBYA - The NOC Operations.

Terms of use | Copyright © 2009 Farlex, Inc. | Feedback | For webmasters | Submit articles