CEDAR FALLS - For Peregrine Financial Group Inc., which has evolved into PFGBest, moving the company headquarters from Chicago into a gleaming new $18 million glass and steel building on a 26-acre site in the Beaver Hills neighborhood of Cedar Falls is all about green.

Green as in money, of course. But also green as in environmentally friendly.

PFGBest will showcase all the green technology that went into the 50,000-square-foot, two-story building at 2 p.m. Friday at the grand opening of the new headquarters building at 1 Peregrine Way, adjacent to the Beaver Hills Country Club.

PFGBest is billing the new structure, which will house 100 employees, as "the state's prototype for green architecture and innovation."

Among the building's "green" features:

A reflective green roof, with a portion designed for future vegetation.

Interior and exterior lighting comply with so-called "dark sky" requirements to minimize light pollution of the night sky.

More than 75 percent of construction waste has been diverted from landfills.

More than 20 percent of the building material uses recycled content.

Woodwork throughout is bamboo, known for its renewable properties.

The building has a lower level garage with preferred parking spaces for low-emitting and fuel efficient vehicles.

"We have been very careful to make sure everything we put in the building, even the furniture, has green characteristics," said Russ Wasendorf, Peregrine's founder, chairman and chief executive officer.

He said the furniture is "cradle-to-cradle," designed to be completely recyclable.

"There's virtually no wood used in the building," Wassendorf said. "The wood features are actually bamboo. To get a construction-grade bamboo takes two years, so it's very renewable."

The building provides work space for up to 300 people and features a fitness facility, day-care center and restaurant for employees.

One Peregrine Way was built to accommodate company growth, which Wasendorf anticipates.

Businesses occupying the space include PFGBest, an international brokerage; PFG Green Energy; W&A Publishing; SFO magazine; the family foundation Peregrine Charities; the business offices for myVerona Ristorante Italiano, which is in downtown Cedar Falls; Village Gate Communications Inc.; Wassendorf Construction LLC; Wasendorf & Associates Inc.; Wasendorf & Son Co.; and Wasendorf Air LLC.

"We've really tried very hard to make a very positive work environment for the employees, so not only do they have a positive place to work, but they can feel good about the things we have done to cause the building to be renewable and green," Wasendorf said. "We've even gone to the extent of using organic or green cleaning solutions."

Construction of the geothermally heated building emphasized natural light. The building also features a lighting system that brightens and dims, depending on light available outside. Power systems in the building have redundancies built in to minimize the likelihood that power or data could be lost.

The company will show off some of those green characteristics at the invitation-only grand opening, Wasendorf said.

"We'll basically let people we've invited tour the facility," he said.

A wood sculpture of a peregrine falcon by Jim Robison of Hopedale, Ill., that the company commissioned for the building's lobby will greet visitors.

Sara Hoffman, club manager of the Beaver Hills Golf Club, said she is impressed.

"We are really excited about it," said Hoffman, whose golf club has 320 members. "It's going to be great for Cedar Falls."

Of course, she said, the building brings other "green" potential.

"It's nice that it's right next door to us and, possibly, those people might want to be members," she said.