BPG acquisitions specialist Albert Corr declined comment on the matter when contacted by GlobeSt.com, relaying that he could "neither confirm nor deny" reports that the firm has emerged victorious. A broker handling the sale, Catherine Daume of Jones Lang LaSalle, says the property is "under agreement," but would not discuss the buyer or other details, including the sales price. Some reports put the figure above $65 million, although no exact figure could be determined. Nonetheless, sources insist that BPG is the suitor trying to put the finishing touches on the deal.

BPG has been pursuing investment opportunities in Massachusetts after selling off a number of local properties in the past two years, including the 3Com corporate campus in Marlborough, 1210-1230 Washington St. in Newton and two properties on Ballardvale Avenue in Wilmington. Befitting the company's hands-on approach, BPG was able to reposition each asset during its tenure prior to selling them at substantial profits. After buying 3Com in 2002 for $58 million, for example, the 125-acre, 540,000-sf property traded for $135 million last September.

Constructed between 1982 and 1987, Westborough Office Park is considered supremely located, but there is extensive vacancy in two of the buildings. According to one document, 51% of 1800 West Park Dr.'s 101,000 sf is empty and 1900 West Park Dr. has a 36% vacancy for its 93,000 sf. The newest and largest property, 1700 West Park Dr., has a 91% occupancy for 118,000 sf, while the 25-year-old 2000 Park Dr. is at 97% occupancy for 63,000 sf.

Given the level of vacancy that needs to be addressed, observers say the Westborough Office Park fits into BPG's value-added approach. "That's a good one for them to tackle," says a broker familiar with BPG and the park.