Continues Industry Leadership in Sustainability with Eight Certifications
SAN FRANCISCO, (Feb. 25, 2019) – Shorenstein Properties LLC (“Shorenstein”), an owner and operator of high-quality office, residential and mixed-use properties across the U.S., today announced that it received eight LEED (Leadership in Energy and Environmental Design) Certifications across its properties in 2018. The LEED rating system, developed by the U.S. Green Building Council (“USGBC”), is the leading certification for buildings, homes and communities that are designed, constructed, maintained and operated for improved environmental and human health performance.
“Shorenstein is committed to implementing best-in-class sustainability practices across our portfolio for the benefit of our properties, tenants, and employees, as well as the communities in which we operate,” said Bill Whitfield, Sustainability Program Manager at Shorenstein. “Our comprehensive green building strategy is underpinned by our dedicated property management team and we look forward to continuing to set the bar for sustainable real estate operating and investing in 2019 and beyond.”
A Platinum-level corporate member of the USBGC and an Environmental Protection Agency ENERGY STAR for commercial buildings partner, Shorenstein is a leading advocate for sustainability within the real estate industry. In 2018, Shorenstein certified eight buildings, including four buildings that were LEED certified for the first time, and four more that achieved re-certification. All buildings earned their certification under the “Performance Score to LEED Certification” pathway, the latest version of the rating system that allows for annual certification based on consistent, dynamic performance tracking on the Arc Performance Score platform. With these certifications, Shorenstein has achieved 27 LEED-certified buildings totaling more than 15 million square feet.
- 1700 Market in Philadelphia, Pennsylvania – Platinum
- Kruse Woods V in Portland, Oregon – Gold
- One North State in Chicago, Illinois – Gold
- One Oxford Centre in Pittsburgh, Pennsylvania – Gold
- 188 Spear in San Francisco, California – Platinum
- Capella Tower in Minneapolis, Minnesota – Gold
- Kruse Oaks III in Portland, Oregon – Gold
- Lincoln Tower in Portland, Oregon – Gold
Of note, 188 Spear was featured on the Arc Performance Score platform as a “Top Performer,” placing it in the top five buildings for all LEED office projects currently registered on the platform.
About Shorenstein Properties LLC
Founded in 1924, Shorenstein Properties LLC is a privately-owned, real estate firm that owns and operates high-quality office, residential and mixed-use properties across the U.S., with offices in San Franciscoand New York. Since 1992, Shorenstein has sponsored eleven closed-end investment funds with total equity commitments of $7.9 billion, of which Shorenstein committed $648.5 million. The firm uses its integrated investment and operating capabilities to take advantage of opportunities that, at the particular time in the investment cycle, offer the most attractive returns. Investments have included ground-up developments, asset repositioning and stabilized assets; investment structures have included asset acquisitions, mezzanine loans, preferred equity investments and structured joint ventures. These funds have invested in properties totaling 64.1 million square feet in transactions with a gross investment value in excess of $15.2 billion.