The building, completed in late 2006, was one of the first to use Maryland's Green Buildings Tax Credit, which is all but defunct now as the state's legislative session ended in April without funding it, as reported in GlobeSt.com.
Buchanan tapped CB Richard Ellis to lease the space, citing its recently announced goal to become carbon neutral by 2010.
"We felt having a brokerage firm that really understands green building technology and is dedicated to promoting sustainable development will be key to achieving our long-term goals with our first LEED rated building," says principal Robert E. Buchanan, in a statement. "CBRE's leasing strategy includes seeking potential green tenants from the entire mid-Atlantic region, and help them implement their own energy-saving and environmentally friendly operational measures."
Located at 4321 Collington Rd, the building's sustainable features include a heating and cooling system that reduces building energy use by 30%, an under-floor air distribution system that reduces energy use, exterior sun louvers and low-E tinted glass windows.
CBRE's leasing team includes Sally Wilson, Larry Thau, Todd Bosley and Tim Jaeger.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
