Saturday, October 8, 2016

Lincoln-Managed 55 Allen Plaza in Atlanta, GA Earns BOMA 360 Designation for Excellence in Building Management

55 Allen Plaza, Atlanta, GA

Shane Froman
ATLANTA, GA –  Lincoln Property Company’s (Lincoln) 55 Allen has been designated a BOMA 360 Performance Building by the Building Owners and Managers Association (BOMA) International. 

The BOMA 360 Performance Program® validates and recognizes commercial properties that demonstrate best practices in building operations and management.

“Our tenants and owners deserve best-in-class service and a superbly managed building,” said Shane Froman, vice president of property management for Lincoln. “The BOMA 360 Performance Program has given us a meaningful way to demonstrate our commitment to excellence and we are thrilled to receive this important recognition.”

“We are proud to designate 55 Allen Plaza as a BOMA 360 Performance Building in recognition of the high standards the management team has achieved in every aspect of building operations and management,” said BOMA International Chair John G. Oliver, BOMA Fellow, managing principal for Oliver & Co.

 “By achieving the BOMA 360 designation, the management of 55 Allen Plaza has demonstrated to their owners, tenants, prospective tenants and the community that this property is being managed to the highest standards of excellence."

John G. Oliver
The BOMA 360 Performance Program is a groundbreaking building designation program that evaluates properties in six major areas: building operations and management; life safety/security/risk management; training and education of building personnel; energy management; environmental/sustainability performance; and tenant relations and community involvement.

The BOMA 360 Performance Program takes a holistic approach to evaluating a building’s operations and management and benchmarks a building’s performance against industry standards. The program comes at a critical time, as building owners and managers are looking to differentiate themselves in a demanding market.

  For a complete copy of the company’s news release, please contact:

Savannah Durban
The Wilbert Group

JLL Q3 Phoenix Office Report Notes Still Falling Vacancies and Rising Rents

John Bonnell
PHOENIX, AZ – The Phoenix office of JLL has released its Q3 2016 Phoenix Office Report, highlighting benchmarks including the lowest vacancies since 2008 and still-rising rents. Still, Phoenix remains one of the most affordable office markets on the West Coast.

“More companies are recognizing that Phoenix has an extremely strong labor pool and very affordable cost of living,” said JLL Managing Director John Bonnell. “All three of these factors are big wins for companies seeking to escape the high prices of Northern California or other primary markets.”

“New York-based Oscar is an example of this,” said JLL Executive Vice President Ryan Bartos, referencing the health insurance company’s recent move into 95,000 square feet at The Circuit, at 615 S. River Dr. in Tempe.

“Oscar was excited that Phoenix not only provided affordable real estate but that cool, creative office product was available in our market. The company is also very focused on providing their employees with a strong quality of life and liked the fact that Phoenix has so much to offer.”

Companies like Oscar have helped reduce overall total vacancy in metro Phoenix to 19.7 percent in the third quarter, down significantly from the recessionary peak of 28.1 percent and signalling continued improvement in the market.

At 2.6 million square feet year-to-date, total positive net absorption is also on track to exceed 3 million square feet by year’s end – the highest level of absorption since 2005, when 4 million square feet was absorbed.

 For a complete copy of the company’s news release, please contact:

Stacey Hershauer
Marketing & Public Relations
(480) 600-0195