Bridgepoint Education, Inc. (NYSE: BPI), a provider of postsecondary education services focused on providing higher access to higher education, has signed a build-to-suit lease for the soon to be constructed second Sunroad Centrum building project in San Diego. The new building, which will be located adjacent to the current Sunroad Centrum building, will be known as the Sunroad Centrum II building and will provide additional space for the company's San Diego operations.
"We are committed to San Diego and its highly qualified workforce," said Rocky Sheng, chief administrative officer of Bridgepoint Education. "Leasing the Sunroad Centrum II building will allow us to increase jobs in the community, improve how we serve our students, and continue on our mission to provide higher access to higher education."
Bridgepoint's lease of the upcoming eight-story Sunroad Centrum II building is for approximately 193,000 square feet. Bridgepoint expects to occupy the new Sunroad Centrum II building in 2012.
"Bridgepoint Education has been a superb business partner and is a great leader in our community," said Rick Vann, executive vice president for Sunroad Enterprises. "So it is with immense pleasure that we have agreed to further our relationship with Bridgepoint. We look forward to our expanding partnership."
"We're very happy to have reached this agreement," furthered Sheng. "Our leasing of the first Sunroad Centrum building has been a wonderful experience and the addition of more Sunroad Centrum space will be a great benefit to our company."
About Bridgepoint Education
Bridgepoint Education's postsecondary education services focus on offering associate's, bachelor's, master's and doctoral programs in such disciplines as business, education, psychology, social sciences and health sciences. Bridgepoint Education's regionally accredited academic institutions – Ashford University and University of the Rockies – deliver their programs online as well as at traditional campuses located in Clinton, Iowa, and Colorado Springs, Colorado. For more information about Bridgepoint Education, visit www.bridgepointeducation.com or call Shari Rodriguez, associate vice president of Public Relations at 858.668.2580.