Shoemaker tells GlobeSt.com that the LEED specs were very attractive to the buyer, although it did not set out to acquire such a building. "This was an institutional grade investment and buildings like these are still very much in demand by all kinds of buyers." Designed to LEED, though, "was certainly icing on the cake as new lease requirements for LEED certifications by corporations and government entities make owning such buildings much more appealing."

Located at 2575 Interstate Dr., the building was originally built-to-suit for Health America in 1997, Shoemaker says. After a five-year lease, it vacated the premises. The Pennsylvania Department of Environmental Protection decided to sign a 20-year lease for the facility but requested that it be retrofitted for Silver LEED standards; after some research, though, the developer opted to go for Gold. One of the features of the building is a redundant energy supply, provided by a two-megawatt gas fired co-generation facility that runs parallel with the street power, Shoemaker says. "It provides HVAC efficiencies to the building and is part of the reason why it was Gold LEED certified."

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Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.