Thank you for sharing!

Your article was successfully shared with the contacts you provided.

BOWIE, MD-MedAssurant, a medical informatics service provider, has signed on as the primary tenant to occupy Bowie Corporate Center. The firm will be occupying 96,932-sf as its headquarters in the five-story 125,969-sf building, which is located at 4321 Collington Rd. Now, only 1,280 sf are available.

Todd Bosley and Tim Jaeger of CB Richard Ellis represented the owners, Buchanan Partners and majority partner JP Morgan Asset Management-Real Estate. Michael Sullivan and Joe Ruzecki of CBRE repped the tenant. Asking rates at the building are $31.50 per sf.

The Bowie Center is one of the first buildings in the US to achieve 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 GlobeSt.com. “But as we went through the process [of becoming certified] we ended up with enough points to become Gold.” Conventional wisdom has it that developers need to design for more points than needed because inevitably they lose points as the building goes through the certification process. Buchanan did in fact lose points, but not as much 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 system that reduces building energy use by 30%; an under-floor air distribution system that reduces energy use while increasing thermal comfort and exterior sun louvers and low-E tinted glass windows that reduce solar heat load while admitting natural light through the main vision panels.

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

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.