Building  Owners  and  Managers  Association  International

Building Owners and Managers Association International

BOMA 360 Performance Program® Continues to Gain Momentum, Conferring 57 New Buildings

March 30, 2011

FOR IMMEDIATE RELEASE
 

First Quarter 2011 Designees Recognized for Excellence in Operations and Management

(WASHINGTON—March 30, 2011) The Building Owners and Managers Association (BOMA) International today announced that 57 new buildings have been conferred with the BOMA 360 designation in the first quarter of 2011. The BOMA 360 Performance Program is a groundbreaking program designed to recognize commercial properties that demonstrate best practices in building operations and management. Since the program’s inception in Spring 2009, more than 230 buildings have been designated, and the momentum continues to grow. Based on the newest class of designees, the program is experiencing strong growth in Colorado, Northern Virginia, Washington state and Wisconsin. Participation in California, Texas, Georgia, New York and many other markets across the United States remains strong.

According to a recent study conducted by Kingsley Associates, buildings with the BOMA 360 Performance Program® designation have higher tenant satisfaction scores in 47 out of 50 categories relating to tenant relations compared to commercial office buildings without the designation. A survey of designees that have held the designation for a year or longer also showed that BOMA 360 buildings have achieved operational savings, developed new policies and procedures to improve operational efficiencies, and successfully competed for new tenants because of their designation.

"As the economic recovery starts to gain footing, the BOMA 360 designation is proving to be a valuable tool for property professionals looking to enhance commercial building asset values," noted BOMA International Chair Ray H. Mackey, Jr., RPA, CPM, CCIM, partner and chief operating officer, Stream Realty Partners, L.P. “By earning the BOMA 360 designation, these new designees have proven that they have the critical operations and management best practices in place that are necessary to thrive in today’s marketplace."

The BOMA 360 Performance Program evaluates properties on six major areas of building management: building operations and management; life safety/security/risk management; training and education; energy; environment/sustainability; and tenant relations/community involvement. The comprehensive nature of the BOMA 360 Performance Program means that every aspect of building performance is assessed, and scores are based on how buildings meet an extensive checklist of best practices.

The new class of BOMA 360 buildings includes:

148 Lafayette    
New York, N.Y. 
Owned by: Lafayette Street Holdings LLC & Carla One LLC            
Managed by: Louis Dreyfus Property Group

230 Park Avenue             
New York, N.Y. 
Owned by: W2007 Monday 230 Park Owner, LLC              
Managed by: Monday Properties

250 W Pratt Street          
Baltimore, Md. 
Owned by: Behringer Harvard   
Managed by: Behringer Harvard

4250 North Fairfax          
Arlington, Va.   
Owned by: 4250 North Fairfax Owner LLC            
Managed by: Piedmont Office Realty Trust

601/701 South 12th Street          
Arlington, Va.
Owned by: Brookfield Properties            
Managed by: Brookfield Properties

717 Texas Avenue          
Houston, Texas
Owned by: Block 59 LP  
Managed by: Hines

Adobe SF            
San Francisco, Calif.        
Owned by: Adobe Systems Incorporated            
Managed by: Cushman and Wakefield

AT&T Center     
Los Angeles, Calif.           
Owned and managed by: LBA Realty

Balfour Beatty Center   
Plantation, Fla. 
Owned by: The Realty Associates Fund VIII, L.P.               
Managed by: Pointe Group Advisors

Bank of America Fifth Avenue Plaza       
Seattle, Wash.
Owned by: Block 24 Seattle Ltd., L.P.      
Managed by: Hines GS Properties

Colorado State Bank      
Denver, Colo.
Owned and managed by: LBA Realty

Comerica Bank Tower   
Dallas, Texas     
Owned and managed by: Metropolitan Real Estate Investors, LLC            

Denver Place    
Denver, Colo.
Owned and managed by: LBA Realty

Federal Building
Chicago, Ill.        
Owned by: U.S. General Services Administration             
Managed by: U.S. General Services Administration

Federal Reserve Bank of New York
New York, NY
Owned by: Federal Reserve Bank of New York
Managed by: Federal Reserve Bank of New York

Federal Reserve Bank of New York - East Rutherford Operations Center               
East Rutherford, N.J.     
Owned and managed by: Federal Reserve Bank of New York

Folsom Corporate Center
Folson, CA
Owner: Folsom Corporate Center Investors, LLC
Management Company: CB Richard Ellis, Inc.

Fourth & Madison          
Seattle, Wash.  
Owned by: TIAA-CREF  
Managed by: Hines

Fulbright Tower               
Houston, Texas
Owned by: Crescent Real Estate Equities             
Managed by: Crescent

Glenridge Highlands Two             
Atlanta, Ga.       
Owned by: Piedmont Operating Partnership, LP               
Managed by: Piedmont Office Management, LLC

Honey Creek I  
Milwaukee, Wisc.           
Owned by: Geneva Honey Creek I, LLC 
Managed by: Greywolf Partners, Inc.

Honey Creek II 
Milwaukee, Wisc.           
Owned by: Geneva Honey Creek II, LLC
Managed by: Greywolf Partners, Inc.

Honey Creek III
Milwaukee, Wisc.           
Owned by: Geneva Honey Creek III, LLC              
Managed by: Greywolf Partners, Inc.

Honey Creek IV               
Milwaukee, Wisc.           
Owned by: Geneva Exchange Fund L, LLC            
Managed by: Greywolf Partners, Inc.

Howard M. Metzenbaum United States Courthouse      
Cleveland, Ohio               
Owned and managed by: United States General Services Administration

Interchange Office Center          
Dallas, Texas     
Owned by: CBREI            
Managed by: CB Richard Ellis

Lakeview Corporate Center       
Thousand Oaks, Calif.    
Owned and managed by: LBA Realty

Lava Ridge Business Center
Roseville, CA
Owner: Property Reserve, Inc.
Management Company: CB Richard Ellis, Inc.

Miami Center
Miami, FL
Owner: SCOA Miami Center LLC
Management Company: Ryan Companies US, Inc.

OHSU Center for Health & Healing          
Portland, Ore.  
Owned by: RIMCO, LLC
Managed by: CB Richard Ellis

Oracle  
Colorado Springs, Colo.
Owned and managed by: Oracle America, Inc.

Port Huron Federal Building & US Courthouse   
Port Huron, Mich.           
Owned and managed by: U.S. General Services Administration (GSA)    

Potomac Tower
Arlington, Va.   
Owned by: Brookfield Office Properties               
Managed by: Brookfield

Quadrant Building           
Greenwood Village, Colo.           
Owned by: CBRE Investors AAF CalSTRS               
Managed by: CB Richard Ellis, Inc.

Silicon Valley Center - 2540         
San Jose, Calif.
Owned and managed by: LBA Realty

Silicon Valley Center - 2550         
San Jose, Calif.
Owned and managed by: LBA Realty

Silicon Valley Center - 2560         
San Jose, Calif.
Owned and managed by: LBA Realty

Silicon Valley Center - 2570         
San Jose, Calif.
Owned and managed by: LBA Realty

Silicon Valley Center - 2580         
San Jose, Calif.
Owned and managed by: LBA Realty

Silicon Valley Center - 2590         
San Jose, Calif.
Owned and managed by: LBA Realty

The Avallon       
Austin, Texas    
Owned by: HB Avallon, LLC         
Managed by: Grubb & Ellis Management Services, Inc.

The Towers at Williams Square 
Irving, Texas      
Owned by: TIAA Realty, Inc.       
Managed by: Cousins Properties

TIAA-CREF          
New York, N.Y.
Owned by: Teachers Insurance and Annunity Association            
Managed by: Cushman & Wakefield, Inc

Time Square - Bldg 500 
Renton, Wash. 
Owned and managed by: LBA Realty

Time Square - Bldg 600 
Renton, Wash. 
Owned and managed by: LBA Realty

Time Square - Bldg 660 
Renton, Wash. 
Owned and managed by: LBA Realty

Time Square - Bldg 700 
Renton, Wash. 
Owned and managed by: LBA Realty

Time Square - Bldg 800 
Renton, Wash. 
Owned and managed by: LBA Realty

Two Ballston Plaza          
Arlington, Va.   
Owned by: TWO BALLSTON PLAZA CO LLC           
Managed by: Brookfield Properties Management LLC

Two Reston Crescent    
Reston, Va.        
Owned by: TWO RESTON CO LLC              
Managed by: Brookfield Properties Management LLC

US Customs House           
Chicago, Ill.        
Owned by: U.S. General Services Administration             
Managed by: U.S. General Services Administration

Waterview One
Centennial, Colo.
Owned by: CALSTRS      
Managed by: CB Richard Ellis

Waterview Two
Centennial, Colo.
Owned by: CALSTRS      
Managed by: CB Richard Ellis

Waterview Three
Centennial, Colo.
Owned by: CALSTRS      
Managed by: CB Richard Ellis

Waterview Four
Centennial, Colo.
Owned by: CALSTRS      
Managed by: CB Richard Ellis

Wells Fargo Center         
Sacramento, Calif.
Owned by: Hines Sacramento Wells Fargo Center, LP     
Managed by: Hines Interests Limited Partnership

Wells REIT - Wells Fargo Building              
Milwaukee, Wisc.           
Owned by: Wells REIT II - 11200 W. Parkland LLC
Managed by: Inland Companies, Inc.

To view all the buildings that have received the BOMA 360 designation, visit http://www.boma.org/getinvolved/boma360/Pages/360Buildings.aspx.

For more information on the BOMA 360 Performance Program, visit www.boma.org/GetInvolved/BOMA360.

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About BOMA International
The Building Owners and Managers Association (BOMA) International is an international federation of more than 100 local associations and affiliated organizations. Founded in 1907, its 16,500-plus members own or manage more than nine billion square feet of commercial properties. BOMA International’s mission is to enhance the human, intellectual and physical assets of the commercial real estate industry through advocacy, education, research, standards and information. On the Web at www.boma.org.

Contact
Lindsay Tiffany
Manager of Media Relations
(202) 326-6365
ltiffany@boma.org