Todd Bosley and Tim Jaeger of CB Richard Ellis represented theowners, Buchanan Partners and majority partner JP Morgan AssetManagement-Real Estate. Michael Sullivan and Joe Ruzecki of CBRErepped the tenant. Asking rates at the building are $31.50 persf.


The Bowie Center is one of the first buildings in the US toachieve Gold certification within USGBC's Core and Shell program.Buchanan originally had planned for it to be Silver LEED certified,Wendy Weiss, project manager at Buchanan tells "But aswe went through the process [of becoming certified] we ended upwith enough points to become Gold." Conventional wisdom has it thatdevelopers need to design for more points than needed becauseinevitably they lose points as the building goes through thecertification process. Buchanan did in fact lose points, but not asmuch as expected. Weiss credits the firm's consultant, Richmond,VA-headquartered Sustainable Design Consulting as a big reason.


The building's features include a heating and cooling systemthat reduces building energy use by 30%; an under-floor airdistribution system that reduces energy use while increasingthermal comfort and exterior sun louvers and low-E tinted glasswindows that reduce solar heat load while admitting natural lightthrough the main vision panels.


In November 2007, JP Morgan Asset Management-Real Estate becamemajority owner of the building, providing $13.4 million inequity, with Buchanan Partners maintaining a minority interest inthe building. Weiss says the duo has no plans to sell thebuilding.

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