WASHINGTON, Feb. 2 /PRNewswire-FirstCall/ -- CarrAmerica Realty
Corporation (NYSE: CRE) today announced two regional wins for the coveted
Office Building of the Year (TOBY) Award for 2004-2005. In Englewood,
Colorado, Panorama Corporate Center received the award from the Denver Metro
Chapter of Building Owners and Managers Association (BOMA) and in San Diego,
California, Towne Center Technology Park IV received the award from the
Building Owners and Managers Association of San Diego.
(Logo: http://www.newscom.com/cgi-bin/prnh/19990820/CRELOGO )
CarrAmerica Managing Director for Denver, Jeff Pace, commented, "The TOBY
Award recognizes excellence in property management practices and our Denver
team is honored to have received this award at the regional level."
CarrAmerica Managing Director for Southern California, Malcolm O'Donnell,
added, "CarrAmerica strives to incorporate the industry's best practices into
our operating plan for all properties, while encouraging professionalism,
teamwork and occupational growth. We are pleased that BOMA has recognized our
efforts and look forward to competing at the next level."
Panorama Corporate Center earned the TOBY Award in the Low Rise Suburban
Office Park competition. The campus project, at its expected full build-out,
will be comprised of nine buildings totaling 1.03 million square feet. The
54-acre office campus is located at the heart of the southeast suburban
business district and is adjacent to one of the future T-REX transit system
stations. The office park currently consists of six buildings totaling
663,700 square feet and land that will support the future development of
approximately 362,340 square feet. Five of the six buildings were developed
by CarrAmerica from 1997 through 2001. Panorama Corporate Center is owned by
a joint venture between CarrAmerica and New York State Teachers' Retirement
System. Customers in the campus include Charles Schwab & Co., Archstone-
Smith, and AT&T. In Denver, CarrAmerica owns, directly or through joint
ventures, interests in 15 office buildings containing approximately 1.6
million square feet.
Towne Centre Technology Park IV earned top honors in the renovation
competition. Originally built in 1989 and purchased by CarrAmerica in 1998,
Towne Centre Technology Park IV is located on Towne Center Drive in the
submarket of University Towne Center. CarrAmerica converted the 105,358
square foot, three-story building from a research and development lab facility
to a Class A office building, while creating a sophisticated corporate campus
environment linking three additional office buildings developed by CarrAmerica
from 1997 to 1998. This was accomplished through the use of state-of-the-art
exterior finishes on the Towne Centre Technology Park IV building that
complement those of the three CarrAmerica-developed buildings and the addition
of miniparks and enhanced landscaping. The exterior was updated with a new
Exterior Insulation Finish System skin -- which was installed directly over
the existing brick veneer-high performance glass, recessed overhangs, and new
cornice moldings and stone accents. Additionally, the interior renovations
included the fire and life safety system, mechanical and EMS control systems,
as well as the elevators and 12 restrooms. In Southern California, CarrAmerica
owns, directly or through joint ventures, interests in 66 office buildings
containing approximately 4.2 million square feet.
The TOBY Award program was established in 1985 to honor those excelling in
office building management. Judging is based upon an on-site building tour
and inspection that includes scoring in the following categories: building
standards, community impact, tenant-employee relations, energy management,
systems and procedures, building accessibility, emergency evacuation
procedures, training for building personnel and physical attributes.
CarrAmerica owns, develops and operates office properties in 12 markets
throughout the United States. The company has become one of America's leading
office workplace companies by meeting the rapidly changing needs of its
customers with superior service, a large portfolio of quality office
properties and extraordinary development capabilities. Currently, CarrAmerica
and its affiliates own, directly or through joint ventures, interests in a
portfolio of 292 operating office properties, totaling over 26 million square
feet. CarrAmerica's markets include Austin, Chicago, Dallas, Denver, Los
Angeles, Orange County, Portland, Salt Lake City, San Diego, San Francisco Bay
Area, Seattle and metropolitan Washington, D.C. For additional information on
CarrAmerica, including space availability, visit our web site at
http://www.carramerica.com.
SOURCE CarrAmerica Realty Corporation
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Related links:
http://www.carramerica.com
Photo Notes:
NewsCom:
http://www.newscom.com/cgi-bin/prnh/19990820/CRELOGO
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, photodesk@prnewswire.com
CONTACT:
Karen Widmayer of CarrAmerica Realty
Corporation, +1-202-729-1789
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