BCL Inc. Changes Name And Rebrands As BBL Inc.
SAN DIEGO, Jan. 31, 2013 /PRNewswire/ -- After 16 years as BCL Inc., the San Diego-based real estate investment firm has changed its name to BBL Inc., reflecting the 2012 addition of Steve Bollert as a principal joining founding partners Casey Brown and Paul LeBeau.
The name change comes as the company continues an aggressive acquisition strategy that over the past year resulted in $130 million in property purchases including the Bank of America Tower at 450 B St. downtown, One Pacific Heights in Sorrento Mesa, and Regents Park Financial Center in University Towne Centre (UTC).
"Each member of the BBL team is highly respected in the industry," said Casey Brown, president and chief executive officer. "Our new name reflects the personal involvement and expertise each of us as principals brings to the company mission of adding value to our investors and tenants. This change is very timely as we actively seek to grow our real estate foothold in Southern California."
BBL Inc. owns and manages a commercial real estate portfolio totaling 1.4 million square feet including 250,000 square feet in Phoenix. Since 1997, the BBL partners have successfully purchased and repositioned over $2 billion in assets totaling over 3.5 million square feet and approximately 170 acres of land. Through strategic disposition strategies, BBL's partners have successfully sold much of their value add real estate, consistently generating annual returns to their investor/partners in excess of 25 percent.
About BBL Inc.
BBL's strong institutional background, thorough market knowledge and extensive network of contacts in the brokerage and financial communities, allows it to identify and act upon new real estate opportunities quickly and effectively. The company provides the full spectrum of real estate services, from acquisition through disposition, with a high level of personal involvement by its principals in the creation and implementation of each property's business strategy. BBL Inc. is located at 450 B St. in downtown San Diego. The company website is www.bblrealestate.com.
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SOURCE BBL Inc.
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