Lansdale - 12.14.2011 Presentation

8/3/2019 Lansdale - 12.14.2011 Presentation

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www.bpgltd.com

Mdi Prkig Lt Rdvlpmt Prctpresented to

Th Ldl Cmmity

December 14, 2011


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Overview of BPG Properties, Ltd.

History

Local Investment and Development

Other Recent Projects

Introduction of Project Team

Overview of Redevelopment

Sample Mixed Use Transit Oriented Developments

TabLe of ConTenTs

I

II

III

IV


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BPG Properties, Ltd. (BPG) is a private equity real estate fund manager based in the Greater Philadelphiaarea with a proven track record in the acquisition, development and investment management of all majorproperty types throughout the United States.

ThermisbasedinPhiladelphiaandhasregionalofcesinBoston,Washington,DC,Raleigh-Durham,Atlanta,ChicagoandLosAngeles.

BPGs current portfolio consists of nearly 19,000 apartment units and student housing in 70 communitiesandmorethan24millionsquarefeetofofce,retailandindustrialpropertiesthroughoutthecountry.

Sinceitsinceptionin1980,BPGhasbeenbuildingvalueinabroadrangeofvalue-addedrealestateon behalf of institutional investment partners including corporate and public pension funds, endowmentfunds,foundationsandnancialinstitutions.

EachpropertyinthermshighlydiversiedportfoliobenetsfromBPGssignaturedirectoperatingapproach.

CoMPanY oVeRVIeW


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M a d i s o n A p a r t m e n t G r o u p , L. P. acquires and operates apartment and student housing communitiesthroughout the United States. The company is committed to enhancing the quality of life for residentsofitsaward-winningcommunities.Presently,Madisonoperatesnearly19,000unitsin70communitiesnationwide on behalf of BPGs partnerships.

B P G D e v e l o p m e n t C o m p a n y, L . P. is responsible for BPGs development and adaptive reuse projects. Since2000,thermhasdevelopedand/orredevelopedmorethansixmillionsquarefeetonbehalfofafliatesofBPG.Presently,thermcontrolslandonwhichitcandevelopanadditional12millionsquarefeetofofce,industrialandretailspace.

B P G M a n a g e m e n t C o m p a n y, L . P. was formed in 1987 and specializes in the property management ofofce,retailandindustrialfacilities,withmorethan12millionsquarefeetundermanagementatthistime.

B P G Ma n a g e me n t Co m p a ny - N C , LL Cis a full service property management and leasing company thatoversees the management, leasing and operations for more than four million square feet of industrial andexspaceinover60buildings,withdevelopmentpotentialof530,000squarefeet,plusthreeshoppingcenters,totaling500,000squarefeet.

oPeRaTInG CoMPanIes


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Property: Amtraks30StreetParkingGarage

Philadelphia, PA

Size: 1,525spaces

Type: Parking Garage

Relevance: Large,complex,inll,publictransit, public/privatepartnershipOverview:

InApril2004,BPGcompletedthedevelopmentofanine-story,1,525carparkinggarage,locatedadjacenttoAmtraks30thStreet Station in Philadelphia, Pennsylvania, for the National

RailroadPassengerCorporation(Amtrak).TheparkinggaragewasopenedtothepubliconMay3,2004.

BPG served as the developer of the parking garage. Aegis

Property Group, Ltd. was the development manager for

Amtrak.ProjectarchitectsincludedbothUrbanEngineers/STVArchitects and Bower Lewis Thrower Architects. Shoemaker

ConstructionCompanyservedastheconstructionmanagerfor

the project.

ConstructionoftheparkinggaragebeganinFebruary2003,followingtheJanuary2003closingof$50millionintax-exemptbonds issued by the Pennsylvania Economic Development

FinancingAuthority(PEDFA),whichwasusedtonance100%of the project cost.

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Project: 300FourFalls

Conshohocken,PA

Sq. Ft: 290,0000

Type: Ofce(NewConstruction)

Overview:

Inthefallof2004,BPGcompletedthedevelopmentof300FourFalls,a290,000squarefootofcebuildingprominentlylocatedbetweentheSchuylkillRiverandSchuylkillExpressway(I-76)

inWestConshohocken,Pennsylvania.Thebuildingcontainsseven-storiesofpremierofcespacesituatedatopasix-levelparking garage. It was developed on a speculative basis by the

rmduetothelimitedamountofspaceinthemarket.

300FourFallshasastunningexterior,comprisedofapolishedgranite wall system with a continuous ribbon window system that

allowsforoor-to-ceilingglassontheeastandwestelevations.Thebuildingsinteriorfeatures30x30structuralbaysthroughitscenterwith30x45perimeterbays,allowingforefcient

planning.

Priortosellingthepropertyin2005,BPGleasedmorethan90percentofthepropertytotenantsincludingEMC,CSFB,TheJohnTempletonFoundation,TakedaPharmaceuticals,Miller&Chevalier,ECBM,SmithBarney,AmericanCapitalandTheJudge Group.

...we moved into our impressive new facility on time and withinbudget. I am delighted to be able to strongly recommend BPGfor their thoroughness, attention to detail and professional ex-

cellence.JohnTempleton,Jr.,MD,JohnTempletonFoundation

..we have been incredibly pleased at the quality of the build-ing and the level of the service from the staff here.

KennethE.Jones,AmericanCapital



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Property: 1000ContinentalDrive

King of Prussia, PA

Sq. Ft: 200,000SF(Existing)

Type: Ofce

Overview:

BPGbegantheconstructionof1000Continental,asix-storyeliteofcebuildinginthespringof2006.Thebuildingwascompleted in October 2007.

Prominently situated at the intersection of Routes 202, 422 and

theSchuylkillExpressway(I-76),1000ContinentalDriveofferslandmark visibility and superior access to the regions major

highways, retail and dining centers and far reaching suburban

labor pool. The buildings proximity to the regional highway

system is enhanced by its location on the local road network,

offering exceptional access from Philadelphia, The Main Line

and Suburban growth communities. Each and everyday more

than 170,000 cars will drive by this prestigious building.

The building features environmentally responsible design,

construction and management that has earned LEED Silver

CerticationandincludesIntelligentbuildingdesigntosupportintegrated building controls and advanced IT solutions. 1000

Continentalalsohasanon-sitetnessfacility,wirelesscafeandcomplimentary concierge services.



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Property: EastGateShoppingCenter

Moorestown, NJ

Sq. Ft: 855,000SF

Type: Retail Development

Relevance: Large, complex, transit oriented

Overview:

BPG created this Trophy Retail Powercenter in six phasesbetween1993and2001.Thedevelopmentprocessincludedbuying over 100 acres of land, changing the zoning from

ofcetoretailuse,buildinga$13millionrampsystemoffofInterstate-295,andattractingsomeofthenationsbiggestretailnames.

Today,EastGateisleasedtobrand-nametenantsincluding:HomeDepot,ShopRite,OfceMax,Barnes&Noble,DicksSporting Goods, Old Navy, and many others. The shopping

center is regarded as the most successful in South Jersey and

has been recognized as a trophy class retail development.



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Property: Ellis Preserve

Newtown Square, PA

Sq. Ft: 850,000SF(Existing) 1,000,000SF(Planned)

Type: Ofce/R&D/Retail

Overview:

Originally developed as a corporate headquarters in the 1980s,

EllisPreserveoffers850,000squarefeetofexistingofceandresearch/developmentspaceonabeautiful200-acrecampus,locatedattheintersectionofRoutes252and202intheheartofNewtown Square, Pennsylvania.

Since acquiring the property, BPG has completed the

redevelopmentofa240,000squarefootofce/researchanddevelopment facility as well as three stone cottages, totaling

30,000squarefeet.Presently,thermisdevelopinga130,000squarefootmedicalofcebuildingforMainLineHealthonthecampus.

Additionally, BPG is completing the approval process for up

to450,000squarefeetofretailspacewithinamasterplannedretailtowncenterdevelopment.Whencompleted,thetownsquare will offer speciality retail, open air cafes, upscale dining

and hotel accommodations, all designed around a beautifully

landscaped, central courtyard and pedestrian walkways.



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Property: Philadelphia Zoon Intermodal

Transportation Improvement ProjectPhiladelphia, PA

Type: Masterplanning,design,nancial feasibility,nancing

Relevance: Large,variousstakeholders,inlltransit oriented

Overview:

BPG was selected in 2009 by the Philadelphia Zoo to act as

consultantforthefollowing:

Identify ways to create an intermodal transportationsystemat35thandGirardthatwouldincorporaterail,bus, and vehicular access.

Design a 1,000 car parking garage

Designnearly25,000squarefeetofretailspacealongGirard Avenue

Make highway and road improvements along GirardAvenue,34thStreet,andtheoff-rampsfromI-76

Improvewayndingandlightingexperienceinthearealeading up to the Zoo entrance



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Property: TheBarbizon63Condominiums

63rdandLexingtonAvenueNew York, NY

Size: 67units

Type: Multi-FamilyRedevelopment

Relevance: Large,complex,inll

Overview:

BPGcreatedthishighlysuccessfulmulti-familycondominiumin one of the worlds toughest construction environments, New

YorkCity.ThedevelopmentrequiredcoordinationwithallNYCjurisdictions, marketing tours with residential brokers under

construction, building logisitics , and remaining within budget

ona$70millionlandmarkre-constructionofthefamousBarbi-zon Hotel.

ThequalityoftheBarbizon63issecondtonone.Itistherstbuildinginthecitytosuccessfullyincorporateintegratedintelligentbuildingsystemsthatutilizefullberbackbonetechnologyforallserviceswhileprovidingtopightconciergeservice, security, and comfort with unfettered views of the

Upper East Side of Manhattan



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Property: Madison at Montgomery

2701 Elroy Road Hateld,PA

Size: 264units

Year Built: 1969

Redevelopmnet: $16Million

Highlights

Locatedon18acresinHateldTownship

Required the vacating of all residents of the complex

The buildings dated brick veneer facades, many of whichwere exhibiting structural failure at the time of acquisition,were removed and replaced with durable masonry siding andeldstonekneewalls

New larger Energy Star rated windows were added for greaternatural light

New steeper pitched roof trusses were added along with dormerwindows to improve and modernize the overall aesthetic

The interiors were rebuilt and rewired

NewenergyefcientandprogrammablecentralHVACpackageunits were added

Theinteriorsweredesignedasopenoorplanswithgreaterfunctional space

NewWhirlpoolEnergyStarapplianceswereinstalledintheunitsalongwithnewwatersavingxtures,extensiveaddedinsulation,newcabinetry,countertops,ooring,andlightingthroughout.

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Property: Madison at Dogwood

2920 Hannah AvenueEast Norriton, PA

Size: 144 units

Year Built: 1968

Highlights

LocatedinMontgomeryCounty

Each building was thoroughly updated with new Hardie Planksiding, shutters and gable style accents

Therenovationtransformedthelookofthe40-yearoldcommunity, which was originally constructed with mansardroofsextendingdowntotherstoor.Themansardroofswereremovedentirelyandreplacedwithatwo-storydesigncomprisedof low maintenance cementitious siding and new multiple gable

roofs.

Brick columns were added around the balconies to increase theirsize and to interrupt the linear appearance of the buildings.

The windows and sliding doors were replaced with new LEED

rated insulated glass while the balcony and patio lighting waschangedtonewenergyefcientlightingxtures.

Interior improvements included renovations to the common areasof the eight buildings. Each building received new ceramic tileooringinthefoyerentrancesalongwithnewcarpeting,paintingand new upgraded lighting throughout and new railings andhandrailsonthesecondoors.

The doors to each apartment unit were also upgraded andreplaced.

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Property: MadisonatWillowyck

1 Marlborough LaneUpper Gwynedd, PA

Size: 308units

Year Built: 1972-1975

Highlights

$4millionrenovationaClassAmulti-familycommunitylocatedinUpper Gwynedd Township.

Interior renovations were designed to add a lot of natural light tothe apartments and enhanced the sense of spaciousness in what

were already considered large units. The dividing wall betweenthe kitchen and dining room was replaced with a knee wall and abreakfast bar was added to the wall abutting the living room. The

kitchen space was expanded by relocating the washer and dryerto a hall closet.

Extensive upgrades to the kitchens were done with the originalcabinetry and countertops being replaced with modern maple

cabinetry and attractive granite countertops. New stainless steelappliancesandnewcontemporaryplumbingandlightingxtureswere also added.

Additional upgrades included new interior doors and millworkand new neutral carpeting throughout the apartments as well asnewvanitiesandplumbingxturesinthebathrooms.

The exterior of the buildings were renovated with new roofs,windows, doors, painting and landscaping improvements.

In 2009, the property received the Best in Apartment Living

Award from the Apartment Association of Greater Philadelphia

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Property: MadisonatHuntClub

10HuntClubTrailLower Gwynedd, PA

Size: 324units

Year Built: 1986

Highlights

$3.4millionrenovation40-acrecommunityinLowerGwynedd Township

Theexteriorrenovationsincludednewenergy-efcientwindows, full exterior wood repair and replacement, new

signage, upgrades to the pool and clubhouse as well as

site lighting and landscaping improvements throughout the

community.

Renovations of the interiors included new doors, hardwareandtrim,newooringinthebathroomsandkitchensalongwith new carpet and lighting throughout.

Kitchen countertops were replaced and new plumbing

xtureswereinstalled. Renovations began during the second quarter 2009; all

exterior renovations are complete and the interior upgrade

programcontinueswith93unitscompletedasofNovember30,2010.

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aRea PRoPeRTIes


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InTRoDuCTIon of PRojeCT TeaM

Parking Design

WorkedwithBPGindesignof30thStreetStation Garage in

Philadelphia

Project Architect

WorkedwithBPGindesign and construction

ofover1millionSFof local commercial

development

Project Advisor

WorkingwithBPGin design and

masterplanning of

over1,000multi-family

apartment units locally


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oVeRVIeW of DeVeLoPMenT


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StreetscapeExperience


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RETAIL9,500sf

RETAIL11,000sf

RETAIL9,500sf

MADISON ST.

DSTREET

HOUSING

MULTI-LEVELGARAGE

approx 413

LOADING

TOWNHOUSES

LOBBY

ARCHWAY

PLAYFIELD

PLAYGROUND

COURT

YARD

PIAZZA

IN&OUT

IN-ONLY

E

SE

S

S

S

S

S

S

311 MAIN

ARCADE

NRICHARDSONSTREET

W 3RD STREETW 3RD STREET

W 2ND STREET

NEWST

REET:ONE-WAY

WOODST

GREENWAY

PLAYFIELD

GREENWAY

GREENWAY

E3- ZIPCARS

IN& OUT


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TRansIT oRIenTeD DeVeLoPMenT


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MIXeD use DeVeLoPMenT


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MIXeD use DeVeLoPMenT

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Lansdale - 12.14.2011 Presentation