Buchanan Partners Leases 97,000 SF to MedAssurant in Bowie, MD
February 8, 2008
Buchanan Partners has signed MedAssurant as lead tenant for its LEED Gold rated Bowie Corporate Center in Bowie, MD.
Buchanan Partners Leases
97,000 SF to MedAssurant in Bowie, MD
LEED Gold Certified Building
99 % Leased
Bowie, MD, February 8, 2008…Buchanan Partners of Gaithersburg, Maryland has signed MedAssurant as lead tenant for its LEED (Leadership in Energy and Environmental Design) Gold rated Bowie Corporate Center in Bowie, MD. MedAssurant has leased 96,932 rentable square feet (RSF) in the 125,969 RSF building located at 4321 Collington Road. Only 1,280 RSF remain available.
Todd Bosley and Tim Jaeger of CB Richard Ellis represented the landlord while Michael Sullivan and Joe Ruzecki of CB Richard Ellis represented the tenant in the transaction. MedAssurant, a medical “informatics” service provider, will utilize the space as its corporate headquarters.
“MedAssurant’s choice to locate its official headquarters at the Bowie Corporate Center is evidence that Prince George’s County provides a central location with the infrastructure to attract an industry leader,” said Prince George’s County Executive Jack B. Johnson. “It’s not a coincidence that a leading provider of health care services would choose a green building to house its corporate executives. The County thanks Buchanan Partners for selecting Prince George’s to premiere its energy-efficient Class A building.”
Remarked Bowie Mayor G. Frederick Robinson: “We are pleased to welcome MedAssurant to Bowie and we congratulate Buchanan Partners for taking that risk to build green and to build on spec without tenants. With MedAssurant taking over almost the entire building, Buchanan's risk will provide significant benefits for them and for the city. We're pleased to have a new high-tech company in the medical field come to Bowie and bring over 500 jobs.”
Added John Henry King, Economic Development Director for the
City of Bowie: "MedAssurant's expansion and relocation to Bowie is the
biggest economic development news in the city. Once they have fully occupied
their new office space, MedAssurant will become the largest private sector
employer in the City. We welcome them and we're glad when they went
looking for a space to accommodate their growth that Bowie had a superb green
building in a great location that fits their long-term needs.”
“We are proud to welcome MedAssurant as lead tenant in our award-winning Bowie Corporate Center,” said Brian Benninghoff of Buchanan Partners. “This transaction is a validation of the growing Bowie and Prince George’s County office markets as well as the concept of providing environmentally conscious and energy-efficient space to corporate tenants. We are certain that MedAssurant, with its focus on health care, will appreciate the improved indoor air quality as well as the cost savings they will realize at Bowie Corporate Center.”
Last year, Bowie Corporate Center was awarded the LEED (Leadership in Energy and Environmental Design) Gold certification by the U.S. Green Building Council (USGBC). It is one of the first buildings in the U.S. to achieve Gold certification within USGBC’s Core and Shell program designed, specifically for new and speculative commercial building construction.
Earlier, Bowie Corporate Center was named Best Environmentally Friendly Building and Best Suburban Office Building of 2007 by the Maryland/DC Chapter of the National Association of Industrial and Office Properties (NAIOP).
The building’s eco-friendly features include a heating and
cooling system that reduces building energy use by 30 percent. An under-floor air distribution system reduces
energy use while increasing thermal comfort. Exterior sun louvers and low-E
tinted glass windows reduce solar heat load while admitting natural light
through the main vision panels. Interior light louvers reflect daylight through
clear glazing into the building’s interior.
Bowie Corporate Center’s location offers easy access to Route 50 and the New Carrollton Metro station, with buses stopping directly in front of the building. Three airports and the Amtrak train station at New Carrollton also are within easy reach. The building provides special parking for hybrid vehicles, free surface parking, bike racks, and an exercise room with showers.
The eleventh largest commercial developer in the Washington, D.C. metropolitan area, according to the Washington Business Journal, Buchanan Partners has developed a commercial portfolio that includes office, industrial, flex and retail space projects. Buchanan Partners also has acquired, planned or developed over 1,600 acres of commercial land over the past ten years. For more information, see the company’s Web site at www.buchananpartners.com.
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