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Bright Rich/CORFAC International Wins Listing Assignment for First Newly Constructed LEED Gold Office Building in St. Petersburg, Russia

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ST. PETERSBURG, Russia, Jan. 13, 2014 (GLOBE NEWSWIRE) -- Bright Rich/CORFAC International was awarded the exclusive marketing assignment and listing for a new commercial business center in St. Petersburg that will be the first newly constructed LEED Gold building in the historic Russian city.

Called Eco Status, the Class A project is being built to qualify for certification by the U.S. Green Building Council (USGBC) for the environmental and sustainable features that are being integrated into construction of the new office building, which includes ground-floor retail.

When complete and if the owners certify the building with USGBC, it would be only the sixth LEED certified building in Russia and the second in St. Petersburg. In 2010 a Moscow property was the first to be LEED certified in Russia and an office building in St. Petersburg was renovated to LEED Gold earlier this year. The LEED data was verified by a spokesman with USGBC at its Washington, DC headquarters.

Located in St. Petersburg's historic district at Ligovsky Prospect, 140 (off of Ligovsky Avenue) and about 200 meters from the metro station "Obvodny canal," the eight-story office and retail building totals 6,080 square meters (approximately 65,445 square feet) plus two atrium terraces. Marina Kukharenko, Acting Head of the Department, Foreign Markets, of Bright Rich/CORFAC International won the listing and is marketing space in the building on a lease basis.

The average leasable floor area in the building is 590 square meters (approximately 6,349 square feet) and divisible from 50 square meters (538 square feet) to 300 square meters (3,228 square feet).

Asking rates at Eco Status for the office space are 450-to-560 Russian Rubles per square meter, per year (roughly $13.69 USD to $19.14 USD. Retail rates range from 675-to-1,125 Russian Rubles, or $23.07 to $38.45 in U.S. dollars. Rents include VAT (value-added tax), OPEX (operating expenses) and utilities (electricity, telephone/Internet) and cleaning according to usage.

The business property is scheduled for completion and ready for occupancy June 20, 2014. In addition to technical innovations, the business center will have exceptional ambiance with two fully landscaped terraces.

"The great location, certified LEED design and high service-level makes this property a very attractive location for major Russian and foreign companies," said Marina Kukharenko, whose firm is based in St. Petersburg and joined CORFAC International in 2012.

Bright Rich/CORFAC International was founded in St. Petersburg in 2008 by a group of private investors and specializes in property consulting, leasing and sales in the office, retail and industrial sectors. www.brightrich.ru

About CORFAC International

CORFAC International (Corporate Facility Advisors) is comprised of privately held entrepreneurial firms with expertise in office, industrial and retail real estate leasing and investment sales, multifamily property acquisitions and dispositions, property management and corporate services. www.corfac.com

CONTACT: Media Contact: Gary Marsh (415) 453-7045

Source:CORFAC International