G reen B uildings

Real Estate Journal — Green Buildings — March 25 - April 14, 2016, 2014 — 25B


M id A tlantic

Energy efficient building envelope & high-efficiency mechanical system among sustainable features Nyc’s Praedium Group announces LEED Platinum class A apartment acquisition

EWYORK, NY — The Praedium Group , a New York City-based national real estate invest- ment firm, on behalf of a separate account, announced the acquisition of Broadstone Lincoln in Scottsdale, AZ. The 264-unit multifamily property is within three miles of high- end shopping centers and cultural attractions including Scottsdale Fashion Square and SMoCA, the Scottsdale Museum of Contemporary Art. The announcement was made by Asim Hamid , man- aging director, and Lindsay Schuckman , Associate of The Praedium Group. "Broadstone Lincoln is among the newest and high- est quality assets in Scottsdale with high-quality interior finishes and amenities such as granite countertops, gas cooktops, stainless steel appli- ances, floor to ceiling windows, and below-grade parking," noted Hamid. The complex also offers a two story fitness center and a resort-style pool N Philadelphia, PA — Liberty Property Trust , which owns and manages more than 12 million s/f of of- fice, flex and industrial space in the Greater Philadelphia region, announced it has pre- leased 26,000 s/f of office space at 1200 Intrepid Ave. to Penn Capital Management Com- pany, Inc. (PENN CAPITAL). This summer the existing Liberty tenant will relocate from Three Crescent Dr. in The Navy Yard to its new, larger space, which overlooks a sustainable five-acre park, Central Green. “PENN CAPITAL’s expan- sion is another example of how The Navy Yard continues to retain top companies within the vibrant and interactive campus and once again demon- strates its appeal to financial services institutions seeking to attract high performance talent,” said Brian Cohen ,

PENN CAPITAL is an in- dependent, 100% employee- owned, SEC registered invest- ment management firm. Jay Joyce and Tim Mo- nahan of Savills Studley represented PENN CAPITAL in the transaction, and Tony Ewing represented Liberty Property Trust. The Navy Yard is a 1,200- acre waterfront campus, with 7 million s/f of real estate in a mix of historic buildings and new high-performance and LEED certified construction oriented around world-class open space. Philadelphia’s Public- Private Economic Develop- ment Corporation, (PIDC) is the master developer of The Navy Yard and plays a central role in the campus-wide com- mitment to smart energy in- novation and sustainability. n dale, the location offers con- venient access to the diversi- fied, high-wage employment base of Scottsdale as well as world-class dining and the cultural appeal of over 100 art galleries. "Due to its proxim- ity to advanced educational facilities and dynamic growth from technology and health- care companies, Scottsdale continues to have exceptional employment drivers," Hamid added. Notable companies in the surrounding area include Yelp, Groupon, McKesson, Ze- nefits, Scottsdale Healthcare, Weebly, and CA Technologies. The residential complex is also located adjacent to Five Star Development's recently approved Ritz-Carlton Para- dise Valley project, a $2.0 bil- lion Ritz-Carlton community which is expected to be deliv- ered in 2018. Upon completion, the 122-acre site will include a 200-roomRitz-Carlton hotel, 94 townhome-style villas, and 45 single-family homes with access to Ritz-Carlton hotel services and amenities. n

Broadstone Lincoln

• High-Efficiency Mechanical System • EV Charging Stations • Water Conserving Fixtures •Water Conserving Irrigation • Environmentally Conscious Landscaping • High Efficiency Low E Win-

dows • ENERGY STAR Appliances • Recycled Building Materials • Sustainable Finishing Ma- terials • Better Indoor Air Quality Located less than three miles from downtown Scotts-

with outdoor cabanas. The property has obtained LEED- H Platinum Certification for its innovative use of the fol- lowing: • Energy Efficient Building Envelope (Insulation) • Energy Efficient Appliances

Liberty Property Trust pre-leases 26,000 s/f to Penn Capital at LEED Gold targeted 1200 Intrepid Ave. in Philadelphia and retain top investment professionals.

the first building in the City of Philadelphia to be designed by the world-renowned architects of Bjarke Ingels Group . The gravity-defying design was envisioned to connect and communicate with the adja- cent park, Central Green. The building’s east façade is curved and bows inward at the ground plane in a gesture reminiscent of the park’s circular running track, activity pods and plant- ing vignettes. Located in The Navy Yard Corporate Center, the building will be core and shell complete by April 2016 with a target of LEED Gold certification. Richard Hocker, PENNCAP- ITAL’s founder, chief executive officer and chief investment of- ficer indicated the move to the new building reflects PENN CAPITAL’s commitment to investing in its business both for the benefit of its clients and as an opportunity to attract

© Big

1200 Intrepid Avenue in The Navy Yard

Liberty Property Trust vice president and city manager. “We are delighted that the leadership at PENNCAPITAL continues to put their trust in us to create an exceptional new home for them at 1200 Intrepid Avenue, which will be well-suited for their energetic, collaborative, and innovative

workplace.” Liberty broke ground on the 92,000 square foot four- story building in June 2015, and after the lease to PENN CAPITAL, 68,000 s/f of office space remains available. The 1200 Intrepid location is the company’s fourteenth build- ing at The Navy Yard, and

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