SOURCE: BOMA International

March 31, 2011 10:43 ET

BOMA 360 Performance Program® Continues to Gain Momentum, Conferring 53 New Buildings

First Quarter 2011 Designees Recognized for Excellence in Operations and Management

WASHINGTON, DC--(Marketwire - March 31, 2011) - The Building Owners and Managers Association (BOMA) International today announced that 53 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: GCSC Clark Field Office

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

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

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 Annuity 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 Custom House 
Chicago, Ill. 
Owned by: U.S. General Services Administration 
Managed by: GCSC Clark Field Office

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.

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.