G reen B uildings
Real Estate Journal — Green Buildings — November 11 - December 8, 2016 — 21B
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M id A tlantic
Designed to LEED Gold standards NGKF’s Margolis, Dolan & Mack broker sale of 151 South Warner Road in King of Prussia, PA K
ing of Prussia, PA—NGKF Capital Markets represented Liberty Property Trust in its sale of 151 South Warner Rd. in King of Prussia to a German Family Office for $26.8 million. Mike Margolis and Dave Dolan of the NGKF Capital Markets Philadelphia team represented the seller in the transaction, along with NGKF’s area expert, Jeff Mack . Redeveloped by Liberty Property Trust, 151 South Warner Rd. is designed to LEED Gold standards. 151 South Warner Rd. boasts one of the best vehicular access locations in the greater Phila- delphia region with entrances to I-76, I-276, Rtes. 202 and 422, all within less than a half mile of the property. The prop- erty is also served by the Con- nect KOP commuter shuttle BALTIMORE, MD — St. John Properties, Inc. has earned its 40th certification from the United States Green Building Council (USGBC) for satisfying Lead- ership in Energy and Environ- ment Design (LEED) require- ments in the development and construction of commer- cial office buildings situated throughout five separate coun- ties in the Baltimore-Washing- ton Metropolitan region. The Baltimore-based real estate development company has developed nearly 2.1 million square feet of Gold or Silver LEED-certified space since beginning its LEED corporate program in 2009. Of the total, twenty-eight buildings have achieved LEED Gold for core and shell. According to the United States Green Building Coun- cil, projects earn LEED rat- ings according to national standards that relate to the “performance, health, durabil- ity, affordability and creation of environmentally-sound
Mike Margolis
Dave Dolan
Jeff Mack
which provides transportation to various nearby business parks and the SEPTA Re- gional Rail Wayne Station. In September 2016, The Judge Group signed a long- term lease to occupy 100 percent of the property, as its corporate headquarters. 151 South Warner Rd. provides The Judge Group all the at- tributes a modern tenant desires, including abundant natural light from the six-foot high windows, interior offices
with large open spaces and an amenity package that includes a lunch serving area, dining and game area, training room as well as several interior col- laboration areas throughout the building. In terms of access to ameni- ties, the property is one of the best located suburban office assets in the country. 151 South Warner Rd. is located just minutes from the King of Prussia Mall, the largest re- tail mall in the United States.
151 South Warner Rd.
The property is also situated across the street from the new Village at Valley Forge, a 135- acre mixed-use development that will feature over 250,000 s/f of retail space, 3,000 resi-
dential units, 1.5 million s/f of office space, 500 hotel rooms and a Children’s Hospital of Philadelphia (“CHOP”) out- patient facility, at full devel- opment. n
St. John Properties earns 40 th Leed Certification for commercial office buildings in Maryland marketplace
operating costs,” said Rich- ard Williamson , senior vice president of leasing St. John Properties. “Our clients are be- coming increasingly educated about the LEED program and we depend on their valuable feedback and direction to re- main a cutting-edge leader in this movement. We consider it our corporate responsibility to remain a pioneer in the sus- tainability industry and will continue to invest resources to uncover new green strategies that support this philosophy.” “Obtaining LEED certifica- tion is an achievement,” ex- plained Sabrina Bachman , director, Community – Mary- land, U.S. Green Building Council. “St. John Properties should not only be applauded for the accomplishment of reaching their 40th certifica- tion, but also for continually demonstrating their commit- ment to sustainability with the development of high perform- ing buildings that benefit both occupants and the environ- ment.” n
8160 Maple Lawn Blvd.
buildings.” The system ex- amines and rates key build- ing areas including interior space layout, interior finishes, lighting and mechanical dis- tribution. The process further encourages “future tenants to capitalize on green strategies
implemented by the devel- oper” to ensure the consistency of this LEED rating. Buildings earn USGBC certification in defined categories that include: Existing Building, Commercial Interior, Core & Shell and New Construction.
“The importance of design- ing and constructing LEED- certified buildings continues to gain momentum as a growing number of companies recog- nize the extreme importance of conserving natural resources, saving energy and reducing
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