Market Research Report: Sentinel Square III, LLC

Background

Company Overview

Sentinel Square III, LLC is a real estate entity associated with the development and management of Sentinel Square III, a Class A office building located in Washington, D.C.'s NoMa submarket. The building is part of a three-phase, 1.3 million-square-foot office complex developed by Trammell Crow Company (TCC) and its partners. The project was designed to meet ISC Level IV security protocols and pursue LEED® Silver certification.

Mission and Vision

While specific mission and vision statements for Sentinel Square III, LLC are not publicly disclosed, the development's design and strategic location suggest a focus on providing secure, environmentally friendly, and efficient office spaces in a prime urban setting.

Primary Area of Focus

The company's primary focus is on the development and management of high-quality office spaces, with an emphasis on security and sustainability.

Industry Significance

Sentinel Square III contributes to the commercial real estate sector by offering state-of-the-art office facilities that cater to government agencies and private enterprises, thereby enhancing the NoMa submarket's appeal and economic vitality.

Key Strategic Focus

Core Objectives

Development of Secure Office Spaces: Design and construct office buildings that meet high-security standards, such as ISC Level IV protocols.

Sustainability Initiatives: Pursue LEED® Silver certification to ensure environmentally responsible building practices.

Tenant Acquisition: Attract and retain high-profile tenants, including government agencies and reputable private companies.

Specific Areas of Specialization

Government Leases: Securing long-term leases with federal agencies, as demonstrated by the lease agreement with the Federal Communications Commission (FCC).

Urban Development: Enhancing urban infrastructure by developing office spaces in growing submarkets like NoMa.

Key Technologies Utilized

Security Systems: Implementation of advanced security measures to meet ISC Level IV standards.

Sustainable Building Materials: Use of eco-friendly materials and energy-efficient systems to achieve LEED® Silver certification.

Primary Markets Targeted

Government Sector: Providing secure office spaces for federal agencies.

Commercial Sector: Offering premium office spaces to private enterprises seeking high-security and sustainable environments.

Financials and Funding

Funding History

Specific details regarding the funding history of Sentinel Square III, LLC are not publicly available.

Total Funds Raised

The total funds raised for the development of Sentinel Square III are not publicly disclosed.

Recent Funding Rounds

Information about recent funding rounds for Sentinel Square III, LLC is not publicly available.

Notable Investors

The development was a joint venture involving Trammell Crow Company, Cottonwood Partners, and a subsidiary of a private real estate fund advised by Crow Holdings Capital – Real Estate.

Intended Utilization of Capital

The capital was utilized for the construction and development of the Sentinel Square III office building, including the implementation of security features and sustainable building practices.

Pipeline Development

Key Pipeline Candidates

Sentinel Square III: The primary project under development, focusing on providing secure and sustainable office spaces.

Stages of Development

Construction: The building was completed in December 2019.

Target Conditions

Government Agencies: Designed to meet the specific security and operational needs of federal agencies.

Private Enterprises: Catering to companies seeking high-security and environmentally responsible office spaces.

Anticipated Milestones

Completion: The building was completed in December 2019.

Leasing: The Federal Communications Commission (FCC) signed a long-term lease for nearly 473,000 square feet in January 2017, with occupancy expected by November 2019.

Technological Platform and Innovation

Proprietary Technologies

Security Infrastructure: Advanced security systems designed to meet ISC Level IV standards.

Sustainable Building Systems: Energy-efficient HVAC systems and eco-friendly building materials contributing to LEED® Silver certification.

Significant Scientific Methods

Security Protocols: Adherence to ISC Level IV security protocols to ensure the safety of occupants and assets.

Sustainability Practices: Implementation of green building practices to achieve LEED® Silver certification.

Leadership Team

Key Executive Profiles

Thomas Finan: Managing Director at Trammell Crow Company’s MidAtlantic office, overseeing the development of Sentinel Square III.

Bill Brewer: Senior Vice President at Trammell Crow Company, involved in the development and leasing of Sentinel Square III.

Jennifer Dix: Senior Vice President at Trammell Crow Company, contributing to the development and leasing efforts for Sentinel Square III.

Competitor Profile

Market Insights and Dynamics

Market Size and Growth Potential: The NoMa submarket in Washington, D.C., has experienced significant growth, with an increase in residential, retail, hotel, and entertainment amenities, making it an attractive location for office developments.

Industry Trends: There is a growing demand for secure and sustainable office spaces, particularly among government agencies and environmentally conscious companies.

Competitor Analysis

Key Competitors: Other Class A office buildings in the NoMa submarket, such as Sentinel Square I and II, as well as developments by other real estate firms in the area.

Competitive Landscape: The market is competitive, with multiple high-quality office spaces available, but Sentinel Square III's focus on security and sustainability provides a distinct advantage.

Strategic Collaborations and Partnerships

Significant Collaborations

Federal Communications Commission (FCC): The FCC signed a long-term lease for nearly 473,000 square feet in Sentinel Square III, marking a significant partnership.

Partnerships

Trammell Crow Company: Led the development of Sentinel Square III.

Cottonwood Partners: Partnered in the development of the project.

Crow Holdings Capital – Real Estate: Provided investment and development support for the project.

Operational Insights

Strategic Considerations

Market Position: Sentinel Square III holds a strong position in the NoMa submarket, offering secure and sustainable office spaces that meet the needs of government agencies and private enterprises.

Competitive Advantages: The building's adherence to ISC Level IV security protocols and pursuit of LEED® Silver certification distinguish it from competitors.