One example is 901 K St., a 260,797-square-foot, 12-story officeat the intersection of 10th and K streets and Massachusetts Ave.Developed on spec by Carr Properties with a $104 millionconstruction loan, it has just topped off with deliveryscheduled for September 2009. The property is designed to meet GoldLEED standards. Jones Lang LaSalle's David Bevirt is representingthe Carr Properties.

Another example of the Gold LEED trend is 1225 Connecticut Ave.,which Brookfield Properties--the building owner--spent $32 millionrehabilitating so it can receive Gold LEED certification. The WorldBank recently signed a ten-year lease to occupy 227,000-square-feetin the building. The World Bank will occupy the building in latewinter/early Spring 2010. Paul Schulman, Brookfield's regionalexecutive for the DC region, spearheaded the lease negotiations forBrookfield along with Simon Carney and Eddie Trujillo. Zeke Dodson,Brian Daly and Laurie McMahon of Cassidy and Pinkard representedthe World Bank Group.

Two other Gold LEED options for the near term in the Districtare 1101 New York Ave., and 20 M St., SE, a 190,000-square-footoffice building developed by Lerner Enterprises. 1101 NewYork Ave., owned by Louis Dreyfus Property Group, received GOLDCore and Shell Construction certification forthe building this summer.

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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.