BPG sheds more East Coast space

Announces second sale this week

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BPG Properties Ltd. this week announced the sale of a 50,000-square-foot office building in Wynnewood, Pa. 308 E. Lancaster Associates L.P. purchased the three-story property for $9.8 million. Located at 308 E. Lancaster Ave., it was 87 percent leased at the time of sale. During its ownership, BPG made significant capital improvements to the property, including HVAC improvements and renovations to the first-floor lobby and common areas. BPG on Monday announced the sale of a large warehouse in New Jersey. Philadelphia-based BPG Properties Ltd. is a Philadelphia-based privately held real estate investment firm whose portfolio consists of more than 20 million square feet of office, retail, student housing, apartment, hotel and industrial properties. ...