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$51m Sunrise campus buy for BPG.

BPG Properties, Ltd., the operating affiliate of Berwind Property Group, Ltd., announced the acquisition of The Campus at Sunrise, a three building Class A office campus, totaling 253,819 s/f, in Reston, Virginia 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, 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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