BPG SELLS PARCEL WITHIN NEW BRITAIN CORP. CENTER FOR MOB PROJECT

CHALFONT, PA. — BPG Properties, Ltd. has sold a 5.52-acre pad site located within the company’s New Britain Corporate Center in Chalfont to OrthopaediCare. The healthcare practice, which acquired the site for $3.2 million, plans to construct a 30,000-square-foot facility that will offer orthopedic care, as well as physical and occupational therapy, and x-ray facilities. Construction is slated to begin in October, with completion in May 2010. New Britain Corporate Center is a 62-acre, master-planned office campus located near the intersection of County Line Road and Route 202. It already contains a 70,000-square-foot, build-to-suit office building that was developed for Chrysler Financial Services; a 50,000-square-foot, multi-tenant office building; a medical building for Children’s Hospital of Philadelphia; a life care center; and a day care center. The project is approved for up to 465,000 square feet of construction.