GlobeSt.com

November 2, 2007

JP Morgan Buys Ownership in Bowie Office

JP Morgan Asset Management-Real Estate has acquired majority ownership of green building here. Called Bowie Corporate Center, the 131,000-sf office was developed by Gaithersburg, MD-based Buchanan Partners and delivered in Spring 2007, as reported earlier in GlobeSt.com. JP Morgan provided $13.4 million in equity to become majority owner, with Buchanan Partners maintaining a minority interest in the building.