"It's a way for us to take some of our investment withoutselling the property" Brogan says. "When we acquired the propertyit was 37% leased and it had a much higher risk profile. Since weleased up the property, the investment profile fits aninstitutional investor who would like an investment with lower riskand the cash flow it offers."

The hilltop complex, which contains about 532,000 sf and roomfor an additional 820,000 sf development, was sold by 3Com in 2002for $58 million after the computer networking firm downsized. It isfully leased to 3Com, Wellington Management Co. LLC, Cytyc Corp.and Exact Science Corp. Situated about five miles from theMassachusetts Turnpike, the property contains office and laboratoryspace along with a cafeteria, fitness center, a 300-personauditorium or dinner hall and computer labs. It also featureswalking paths, patios and basketball and volleyball courts.

Last year when3Com inked a 200,996-sf deal at the campus, Brogan detailedexpansion plans for the property. He said they were finalizingapprovals to construct an additional 600,000 sf of office space onanother campus parcel that will bring the property's total squarefootage up to more than 1.1 million sf of class A office space.Brogan said BPG is currently in the process of designing the firstof five buildings it plans to construct on the site.