8C — November 18 - December 22, 2022 — Owners, Developers & Managers — M id A tlantic Real Estate Journal
www.marej.com
O wners , D evelopers & M anagers
SJP plans to implement a solar approach across 10-state portfolio St. John Properties achieves 100 th LEED certification
Mitsui Fudosan America signs Industrious to 40,653 s/f
ALTIMORE, MD — St. John Properties, Inc. has earned Lead - ership in Energy and Environ - mental Design (LEED) certi - fication from the U.S. Green Building Council (USGBC) for the 100th building in its national portfolio. The most recent building to achieve this certification at the Gold level is 5061 Howerton Way, a single- story building in Melford Town Center comprising 34,560 s/f of flex/R&D space. Since initiating its sustainability program in 2009, St. John Properties has developed just under six mil- lion s/f of LEED certified space and has been ranked within the top five LEED developers nationwide by the U.S. Green Building Council. “St. John Properties is a leading green developer in one of the top green building markets in the world,” said Ryan Snow , regional director, U.S. Market Transformation & Development for the U.S. Green Building Council. “They have certified more commercial LEED projects in Maryland, Virginia, and Washington, D.C. than any other organization in the last five years. The scale of their impact is remarkable. Their leadership is a signal to the market of what is possible, practical, and profitable as a business strategy.” “Our company’s ongoing ini - tiatives to be innovators in the sustainable building movement are driven by our understanding of the relationship between in - B
5061 Howerton Way
door air quality with improved employee wellness, morale and productivity,” said Lawrence Maykrantz, president and CEO of St. John Properties. “The past several years have reinforced our commitment and investment to this mission, given the top-of-mind aware - ness generated about employee health and well-being. Formu - lating and executing a feasible strategy for green buildings is a core value of the company, and we intend to remain a trendset- ter in this space.” St. John Properties also plans to roll out a scalable solar program impacting all newly designed buildings. The new solar program will comple- ment the company’s existing suite of green initiatives, which includes installing electric vehicle charging stations or underground conduits at all newly constructed flex and multi-story office buildings across the portfolio to support the use of energy efficient elec - tric vehicles. The company also launched a program to upgrade lighting in existing buildings to LED fixtures, and uses building
materials and asset manage- ment practices that conserve natural resources, save energy and reduce operating costs. “Achieving LEED certifica - tion on speculative flex/R&D buildings is not common in the industry, and definitely not at the scale we’ve managed to implement,” said Ryan Schwa- benbauer , St. John Properties’ assistant vice president, sus- tainability. “We anticipate de - mand for LEED space from both publicly-traded and private companies will grow, alongside demand from employees who value sustainability in their workplace. We recognize the unique opportunity we have to introduce the benefits of LEED buildings to the small busi - nesses who often occupy our flex buildings. Nothing is more rewarding than having a client tell you how surprised they are with the energy savings they’re getting, or how proud their em - ployees are to work in a green, LEED certified building. That is why we chose a flex building for our 100th celebration -- certify - ing a building of this type at this scale is truly unique.” MAREJ
601 13th Street NW
with world-class ownership in Mitsui Fudosan America, whose award-winning Homer Building continues to deliver on elegance and efficiency.” The LEED Gold-certified and Energy Star property is a standout for its technology upgrades. Located atop Metro Center Station, its premium amenities include a roof deck featuring rare expansive views of the DC skyline, newly mod - ernized elevator mechanicals and cabs, a four-level secure garage, full-service fitness center, and street-level Panera Bread and coffee shop, with nearby dining and entertain - ment options. Proximity to the White House, U.S. Capitol, U.S. Attorney's Office, The National Building Museum, Lincoln Memorial and more, offers tenants a workspace in the heart of downtown DC. “Industrious The Homer Building is slated to open in early 2023,” noted Traaen. “Additionally, we can accom- modate larger, move-in ready businesses in spaces ranging from approximately 2,500 s/f to a full floor of roughly 40,000 s/f.” MAREJ
WASHINGTON, DC — Mitsui Fudosan America (MFA) inked a partnership agreement with flexible work - place company Industrious at 601 13th Street NW, an iconic architectural landmark known as The Homer Build - ing. Spanning 40,653 s/f on the 12th floor, the Industrious The Homer Building space will feature a significant number of private offices and 500+ total seats to accommodate individuals and teams of all stages and sizes. “Mitsui Fudosan Amer - ica is pleased to welcome Industrious to the historic Homer Building,” said Slater Traaen, MFA senior direc- tor of asset management and leasing. “With evolving workplace strategies, it was important for ownership to partner with the right flexible office provider.” “East End is one of the most highly desirable office submarkets in urban DC,” said Peri Demestihas , se- nior director of Real Estate Growth at Industrious. “We’re excited to expand our ‘work from anywhere' DC network
SCOPE arranges sale of Northern Liberties mixed-use building
PHILADELPHIA, PA — Scope Commercial Real Es- tate Services, LLC (SCOPE) announced the sale of Liber - ties Gateway, a mixed-use asset located in the Northern Liberties neighborhood of Philadelphia, PA. The prop - erty sold for $6.9 million. SCOPE marketed the prop - erty on behalf of the seller, an affiliate of Penn Herb Co., and sourced the 1031-exchange buyer, a local partnership. Phil Sharrow, Craig Thom, and Saam Tashayyod led the transaction on behalf of SCOPE and the respective deal party. “Liberties Gateway pre - sented a luxury offering on a prominent corner immersed by institutional development within one of the best rental submarkets in Philadelphia,”
Moove In Self Storage opens three-story building facility in York Township, PA
add 48,600 gross s/f of tem - perature-controlled storage as well as an on-site office. Construction is expected to begin in 2023, with leaseup to follow in 2024. When asked about the ac - quisition of Moove In Cham - bers Road, vice president of operations Brian Foran had this to say, “This acqu - sition allows us to provide the people of East York with a variety of storage sizes and an easy-to-use car wash. The future three-story build - ing will add temperature- controlled units and will increase our visibility in the market.” MAREJ
YORK, PA — Moove In Self Storage has announced the acquisition of JLM Stor - age on Chambers Road in York. This 21,050 net rent - able s/f property is comprised of three traditional drive-up storage buildings, totaling 183 units sitting on 2.3 acres. This location will now be called Moove In Chambers Road. An eight-bay car wash component comes as part of the acquisition. Once all governmental approvals are obtained, Moove In will demolish the existing car wash structure in order to construct a three-story building. This building will
Liberties Gateway
said Thom. “We are grateful to the re - spective deal parties on hav - ing navigated a rising inter- est rate environment and a partial sale-leaseback for the Penn Herb Company,” adds Tashayyod. “Our 1031-buyer had a tight timeline to meet, and we were able to execute on a deal that made both sides happy with the outcome of this trophy asset sale.” The fourteen residential
apartments are a mix of six one-bedroom, one-bathroom units, four one-bedroom, two-bathroom units that fea - ture a den, and four two-bed - room, two-bathroom units. The units vary in size from 800 to 1,278 s/f. Residents of Liberties Gateway have private balconies. Located at the corner of 2nd St. and Spring Garden in the Northern Liberties neighborhood. MAREJ
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