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| Date | Press Release | ||
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| 10/14/2003 | BOWEN BUILDING CONSTRUCTION LAUNCHED Historic facade retained for trophy building development Washington, D.C. - The Kaempfer Company, a division of Vornado Realty Trust, launched today the construction of The Bowen Building. The Bowen Building, a new trophy-class office development, is located in Washington's Historic Financial district on the corner of 15 th and Eye Streets across from McPherson Square. Designed by award-winning architects, Hartman-Cox, the Bowen Building will seamlessly integrate a new 21 st century building design with the restored 1920's original beaux-arts limestone facade. The class A building, which will deliver in late 2004, is 32% pre-leased to international law firm Paul, Hastings, Janofsky and Walker, LLP. Approximately 150,000 square feet of prime office space is available to lease. The complex restoration and retention of the historic facade with elaborate architectural details requires 90 foot high structural steel scaffolding that encases the site along 15th and Eye Streets as well as the south alley. The _____ ton steel scaffolding structure was designed by Tadjer Cohen Edleson and erected by Halac Iron Works. "We are excited to begin construction of the Bowen Building. It's a privilege to bring one of Washington's most elegant historic buildings back to the market", said Mitchell Schear, President of The Kaempfer Company and Charles E. Smith Commercial Realty, LP. Both Kaempfer and Smith are wholly-owned by Vornado Realty Trust (NYSE:VNO), a fully integrated real estate investment trust. The new Bowen Building will consist of approximately 220,000 square feet of rentable office space in 12 stories and two levels of parking. Each office floor will consist of approximately 19,000 rentable square feet. Building features and amenities will include on-site management, a fully equipped fitness center, rooftop terrace, excellent views to the malls and parks, glass on four sides, and a complete security system including 24-hour electronic access. The construction launch of the Bowen building was marked by a ceremony on the rooftop terrace of The Investment Building, another of Kaempfer's Class A developments, providing a view over McPherson Square to the illuminated scaffolding of the Bowen Building. The Bowen Building is a joint venture with Real Estate Capital Partners, based in New York, and The Kaempfer Company, a well-known local developer. Contact: Charlie Kehler (202) 778-6274 |
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| ANNOUNCING THE FIRST
MAJOR LEASE SIGNING OF 2003,
PAUL HASTINGS, JANOFSKY & WALKER, LLP
AT THE BOWEN BUILDING Washington, D.C. - The Kaempfer Company and Real Estate Capital Partners announce that international law firm, Paul, Hastings, Janofsky & Walker, LLP signed a lease for approximately 69,500 square feet at The Bowen Building. Totaling approximately 32% of the project's rentable space, the Paul Hastings lease is one of the first major lease transactions in the market for 2003. With groundbreaking slated for later this month, The Bowen Building will be the first new development to start construction in downtown Washington this year. "We are delighted to welcome Paul Hastings as the lead tenant at The Bowen Building," said Mitchell N. Schear, President of The Kaempfer Company, "and believe that the excellence of this firm will be matched by the superb quality of the project. Having worked closely with Paul Hastings for more than ten years at The Warner, we are especially pleased to start The Bowen Building with them." Karin Shewer of Real Estate Capital Partners added "Paul Hastings' selection of The Bowen Building illustrates the continued demand in the Washington downtown market for large blocks of space in premier buildings." Paul Hastings, which was represented by Lynn A. Williams, Louis G. Christopher, Audrey Cramer and Mark Minich of Cushman & Wakefield, leased the first floor, 10 th -12 th floors, and a portion of the lower level of the new building. The firm's main reception area will be located on the first floor. "Paul Hastings Janofsky & Walker, LLP capitalized on a rare signature opportunity to lease space on the top floors of a trophy redevelopment with views of two parks and a convenient central location," stated Louis Christopher of Cushman & Wakefield. "Paul Hastings looks forward to continuing an excellent long standing relationship with the Kaempfer companies," he continued. "This office expansion is a welcome result of the explosive growth of our DC office. We were the fastest growing office of the Firm last year, and now have more than 70 lawyers," said Barbara Brown, DC office chair. Contact: Matt Hagan (202) 775-0200 |
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| 4/20/2001 | THE KAEMPFER COMPANY ANNOUNCES THE ACQUISITION OF THE BOWEN BUILDING Redevelopment to Include Restoration of Historic Facade and Lobby Washington, D.C. - The Kaempfer Company, one of Washington's premier commercial real estate development firms, today announced the acquisition of the Bowen Building , an office building located in Washington's Historic Financial district on the corner of 15 th and Eye Streets. Kaempfer formed a joint venture with Real Estate Capital Partners of New York to purchase the Bowen Building from the International Union of Bricklayers and Allied Craftsworkers. Kaempfer plans to redevelop the office building while retaining and restoring the existing limestone facade. Hartman Cox Architects is designing the new building to marry the ornate Indiana limestone facades with state of the art building systems. Special elements of the historic interior lobby will be dismantled, restored and reinstalled during construction. Originally built in the 1920's and just two blocks from The White House, the project is slated for completion in March 2004. The NEW building will consist of approximately 210,000 square feet of rentable office space, which includes 11,000 square feet of retail space, and two levels of parking. Each office floor will consist of approximately 19,000 rentable square feet. Building features and amenities will include on-site management, a fully equipped fitness center, rooftop terrace, excellent views and complete security system including 24-hour electronic access. The new, free-standing building will have windows on all four sides. Contact: Matt Hagan (202) 775-0200 |
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The Architect The Kaempfer Company Just The Facts Leasing Information
For additional leasing information call The Kaempfer Company at (202) 331-4300 or leasing@kaempfer.com