BPG identifies the assets as "among the most well positioned andhighest quality within their respective submarkets" and states thatall were "corporate developed and owned facilities" that "havenever been marketed or controlled by a real estate operator." Thedescription coincides with Jenkintown-based American FinancialRealty Trust's announcement of the sale of four "non-coreproperties to a private buyer" for $45 million in cash.

Although neither BPG nor American Financial Realty Trust wouldconfirm that American Financial is the seller of all fourproperties, Murial Lange of the financial REIT tells GlobeSt.comthat the 380,000-sf building on One Meridian Blvd. in Wyomissingwas a part of the multi-building Wachovia portfolio AmericanFinancial acquired in July. The BPG statement indicates that BofAeither occupied or continues to occupy portions of the other threeproperties, and, on condition of anonymity, an area broker confirmsthat they are a part of American Financial's acquisition of amulti-building BofA portfolio and that BPG acquired all of thebuildings from American Financial.

The Wyomissing property is a 380,000-sf, four-story, class Abuilding on 56 acres near Routes 422 and 222, just 12 miles fromthe Pennsylvania Turnpike. Originally developed as the MeridianBank headquarters, it is in the Spring Ridge master-planned,mixed-use development and includes a 7.2-acre development parcel.The building is currently 21% leased by Allstate Insurance, whichhas inked a 10-year, 60,000-sf lease. BPG appointed Bill Wolf ofthe local office of CB Richard Ellis exclusive leasing agent.