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$51m Sunrise campus buy for BPG.


BPG BPG Blocks Per Game (basketball statistic)
BPG Bisphosphoglycerate
BPG Bi-National Planning Group (NORADHQ)
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BPG Binational Planning Group
 Properties, Ltd., the operating affiliate of Berwind Property Group, Ltd., announced the acquisition of The Campus at Sunrise Sunrise, city (1990 pop. 64,407), Broward co., SE Fla., a residential suburb 8 mi (13 km) W of Fort Lauderdale; inc. 1961 as Sunrise Golf Village. It is a major office and commercial center and the site of Sawgrass Mills, one of the largest malls in the United States. , a three building Class A office campus, totaling 253,819 s/f, in Reston, Virginia Reston is an internationally known planned community whose goal was to revolutionize post-World War II concepts of land use and residential/corporate development in American suburbia.  from Carr America for $51,900,000.

The purchase was made on behalf of BPG Investment Partnership VII, L.P. ("Fund VII"), a fully discretionary private equity fund with total equity commitments of $550 million.

Currently, the property has approximately 200,000 square feet of vacant space that became available when long time tenant, Software AG, consolidated. BPG has opened its new Washington New Washington is the name of several towns in the United States:
  • New Washington, Ohio
  • New Washington, Pennsylvania
New Washington is the name of a town in the Philippines:
  • New Washington, Aklan
, DC Regional office in 11130 Sunrise Valley Drive.
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Title Annotation:BPG Properties Ltd. acquire an office building from CarrAmerica Realty Corp.
Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Jan 25, 2006
Words:105
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