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"Greening"
an Existing Real Estate Portfolio 
MEPT's
Multi-Family Portfolio 
303
Second Street, San Francisco, CA 
The Octagon,
New York, NY 
Legacy Plaza,
Denver, Colorado 
Western Industrial
Portfolio, Western U.S. 
The Madison,
Washington, D.C. 
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Market: Washington, DC
Type: Office
Size: 981,590 square feet in three buildings
In 2002, MEPT acquired sought-after land in downtown Washington,
DC, located in close proximity to the Senate and Congressional buildings,
transit hubs, and numerous hotels/restaurants in order to develop an office
complex. The Patriots Plaza Complex was designed as a one million square foot,
three building office complex, built with post-September 11 security features,
including enhanced setbacks, blast-resistant windows and reinforced structural
elements, which would make the buildings more desirable to potential government
tenants in the DC market. MEPT completed Patriots Plaza I, a 280,001 square
foot, twelve-story office building, in 2005. After completion, the building
successfully attracted interest from the General Services Administration,
and is now 100 percent leased to a number of government tenants including
the US Department of Health and Human Services and the Federal Emergency Management
Agency (FEMA). Based on the success of the Phase I, in 2007, MEPT commenced
with Patriots Plaza Phase II and III, encompassing 701,589 square feet in
two buildings. MEPT generated over 4.6 million job hours for members of the
local Building Trades on the shell-complete construction of the three phases.
In addition to the post-9/11 security features, MEPT developed Phase II and
III to LEED-Silver® standards. In the fourth quarter of 2009, Patriots Plaza
II and III were shell complete and MEPT signed the largest lease of 2009 in
Washington DC at Patriots Plaza III. The US Department of Agriculture (USDA)
agreed to a long-term lease for 330,000 square feet. Both assets with their
appealing location, post-9/11 security features, and energy-efficient design
should continue to attract other tenants looking for modern, Class A, LEED-certified
office space in the Washington, DC market.
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