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SMAMGYS 56 These nodes of office development have evolved over time in response to a combination of factors: access, available land, zoning and regulatory ordinances, demand for space, development policies, etc. The office space found in the seven nodes would generally be considered "Class A" and "Class B" with a mix of campus -like complexes joining stand- alone buildings, and mixed -use locations. In its Office Development Handbook, the Urban Land Institute defines office classifications used in this report as follows: • "Class A space can be characterized as buildings that have excellent location and access, attract high quality tenants, and are managed professionally. Building materials are high quality and rents are competitive with other new buildings." • "Class B buildings have good locations, management and construction, and tenant standards are high. Buildings should have very little functional obsolescence and deterioration. • "Class C buildings are typically 15 to 25 years old but are maintaining steady occupancy." The character, square footage and other elements of office space supply in the market is further discussed in Section 5 — Supply Discussion. Some of the larger properties viewed during the windshield survey (and the approximate office square footage associated with them) included the following: The Europa Center 180,000 square feet The Exchange at Meadowmont 135,000 square feet Bank of America Center 100,884 square feet Dawson Hall 70,000 square feet University Square 70,000 square feet Significant properties viewed as either recently completed or under construction included: East 54 113,000 square feet Greenbridge 16,000 square feet There were four primary objectives of the windshield survey: 1. Gain a visual sense of the office buildings in Chapel Hill including their physical character, design, materials, surrounding environment, parking solutions, etc. 13