BPG sells 269.000 s/f Commerce Drive.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), the real estate investment manager for Berwind Property Group, Ltd. and other major institutional investors Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. , announced today the sale of 51 Commerce Drive, a 269,000 s/f warehouse facility, in South Brunswick South Brunswick is the name of several places in the United States of America:
WEA World Evangelical Alliance WEA Washington Education Association WEA Wilderness Education Association WEA Workers' Education Association WEA WebSphere Everyplace Access (IBM) WEA Wisconsin Education Association Enterprises Company, Inc. Dan Frankel of Newmark Knight Frank represented the Seller in the transaction. The Buyer was represented by Mike Evans of SBWE, Inc. 51 Commerce Drive is a one-story warehouse facility which includes approximately 10,000 s/f of office space. The building is strategically located within 3/4 of a mile of the New Jersey Turnpike
During its ownership, BPG renewed and expanded the existing tenant, Market Resource Packaging, and leased the remaining 47,000 s/f to Hermann Warehouse Corporation. At the time of disposition, the property was 100% leased. BPG acquired the property in June 2004 on behalf of its BPG Investment Partnership VI, L.P., a fully discretionary private equity fun/d with total equity commitments of $384 million. |
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