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ISSUE HIGHLIGHTS Volume 24 Issue 16 Aug. 31 - Sept. 13, 2012 Cushman & Wakefield arranges $71 million sale

330,589 s/f trophy office tower developed by The Evans Company Clarion Partners’ Metro Park VI achieves LEED Platinum Certification

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lexandria, VA — Clarion Partners’ Metro Park VI, a newly deliv-

screened to help reduce solar radiation transmitted into the space. The building’s orientation, shape, and performance charac- teristics combine to reduce the building’s energy consumption by more than 35 percent com- pared with that of a similar, con- ventional building. The building also reduces water use dramati- cally – 50% in outdoor landscap- ing using and 30% indoors. “We are proud to receive USG- BC’s highest level of recognition for our commitment to sustain- ability and high-performance design and construction,” said Marc DeLuca, managing direc- tor, Clarion Partners. “Metro Park VI demonstrates that developers do not have to make radical changes to conventional modern office building design, nor do they have to spend lav- ishly, in order to achieve sub- stantial reductions in building energy and water use, along with greatly improved indoor air qual- ity that can optimize tenants’ productivity and health.” n

ered 330,589 s/f trophy office tower has been awarded LEED Platinum certification by the US Green Building Council. The LEED (Leadership in En- ergy and Environmental Design) Core and Shell 2.0 Platinum level recognizes the building’s substantial reductions in build- ing energy and water use, along with its exemplary level of in- door air quality. Developed by The Evans Com- pany for New York-based Clar- ion Partners and designed by KlingStubbins, Metro Park VI is 60% pre-leased; Booz Allen & Hamilton has signed a ten-year, $40 million lease for 88,000 s/f. It is the final building within the 1.2 million s/f Metro Park office park, favored by Federal government contractors due to its proximity to Metrorail, the VRE commuter train, Fort Bel- voir, and the newly relocated National Geospatial-Intelligence Agency.

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Metro Park VI in Alexandria, VA

Keystone Chapter of ABC honors High Construction

Metro Park campus offers ten- ants an award-winning LEED Platinum conference center and full-service fitness center, along with the NAIOP award-winning Walker’s Grille, featuring fresh, locally sourced menu items in a congenial environment. “Metro Park VI represents an intelligent evolution of the suburban office building type,” said architect Glenn Crawford of KlingStubbins. “Rather than relying on a single, dramatic sus- tainable feature, or on elements that would prove challenging to

future tenants, the design opti- mizes conventional ingredients into a result that exceeds con- ventional expectations.” Central to the building’s per- formance is its form and mass- ing. After testing various mod- els, the design team selected a lozenge-shaped tower with “pinched” east and west ends to reduce heat gain at those expo- sures. Glass curtain wall, which covers most of the building’s exterior, consists of double-pane Low-E glazing filled withArgon. Portions of the glazing are silk

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Shopping Centers featuring PA/NJ/DE ICSC Show

SSH Real Estate arranges partnership transfer on two properties for $46 million

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Philadelphia, PA—SSH Real Estate has represented 1201 Chestnut Street Partners LP in the transfer of certain partnership interests in The Commonwealth Apartment Building, a 98-unit, redevel-

CREATE celebrates 15 Year anniversary 16-17B

Directory

Auction News/Directory................ 6-7A Owners, Developers & Managers 9-29A Green Buildings......................... 16-24A People on the Move....................... 30A Calendar of Events. ........................ 32A Shopping Centers................... Section B

opment of an historic office tower at 1201 Chestnut St. in Philadelphia. INVESCO Real Estate of Dallas, Texas made the invest- ment on behalf of an unnamed client. “The Commonwealth rep- resents a fantastic value-add story for both SSH and for Philadelphia,” said Daniel Mayock, director of Invest- ment Services for SSH. “The 1201 Chestnut Street in Philadelphia

100 Concord in Chester Township

ownership group was com- prised of three different oper- ating partners, 806 Capital, Silverang Hallowell, and SSH Real Estate. Together they transformed an obsolete, class C office building into a new apartment project. In an unrelated transaction, SSH facilitated a joint venture partnership capitalization of the Chester Creek Business- Center in Chester Twp. Ches-

ter Creek Business Center is comprised of three existing office/flex/warehouse buildings totaling 178,960 s/f and a pad site supporting a fourth build- ing of 72,000 s/f. Mayock and Adam Gillespie of SSH Real Estate were the agents on both transactions. The collective debt and eq- uity capitalization of both transactions totals over $46 million. n

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