CarrAmerica wins TOBY Award for Towne Centre Technology Park IV in San Diego

October 15, 2004—CarrAmerica Realty Corporation recently announced that Towne Centre Technology Park IV in San Diego has received The Office Building of the Year (TOBY) Award for 2004-2005 by the Building Owners and Managers Association (BOMA) of San Diego.

Towne Centre Technology Park IV earned top honors in the renovation competition.

The TOBY Award program was established in 1985 to honor those excelling in office building management. Judging is based upon an on-site building tour and inspection that includes scoring in the following categories: building standards, community impact, tenant-employee relations, energy management, systems and procedures, building accessibility, emergency evacuation procedures, training for building personnel and physical attributes.

Originally built in 1989 and purchased by CarrAmerica in 1998, Towne Centre Technology Park IV is located on Towne Center Drive in the submarket of University Towne Center. CarrAmerica converted the 105,358 square foot, three-story building from a research and development lab facility to a Class A office building, while creating a sophisticated corporate campus environment linking three additional office buildings developed by CarrAmerica from 1997 to 1998.

This was accomplished through the use of state-of-the-art exterior finishes on the Towne Centre Technology Park IV building that complement those of the three CarrAmerica-developed buildings and the addition of mini parks and enhanced landscaping. The exterior was updated with a new Exterior Insulation Finish System skin—which was installed directly over the existing brick veneer—high performance glass, recessed overhangs, and new cornice moldings and stone accents.

Additionally, the interior renovations included the fire and life safety system, mechanical and EMS control systems, as well as the elevators and 12 restrooms. In Southern California, CarrAmerica owns, directly or through joint ventures, interests in 64 office buildings containing approximately 4.1 million square feet. CarrAmerica owns, develops and operates office properties in 12 markets throughout the United States.

For additional information, contact CarrAmerica.

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