Shorenstein Receives LEED Gold Certification for Properties in Burbank, Calif., New York and Washington, DC

San Francisco, CA – July 23, 2012 – Shorenstein Properties LLC announced that three more of its nationwide portfolio of Class A office assets have received LEED certification at the Gold level for Existing Building Operations and Maintenance (EBOM) from the U.S. Green Building Council. The properties and certifications are:

  • Media Studios North, a 932,190 square foot, five building media and entertainment campus in Burbank, Calif.
  • 850 Third Avenue, a 613,000 s.f. Class A office building in New York
  • 1875 K Street, a 176,000 s.f. Class A office building in Washington, DC

This brings to seventeen the number of properties owned and managed by Shorenstein that have successfully achieved LEED certification at the Silver level or higher in the last three years.

“LEED certification is one of a number of benchmarks used by our property management team to help us realize our stated goal of pursuing sustainability and achieving ongoing efficiency in all aspects of our operations,” said Stan Roualdes, executive vice president, property management and construction services. “We continue to make Shorenstein-owned buildings some of the most energy and resource efficient, environmentally sensitive workplaces in the country,” he added.

LEED for Existing Buildings: Operations & Maintenance addresses energy efficiency, whole-building cleaning and maintenance issues (including chemical use), recycling programs, exterior maintenance programs, and systems upgrades. The system helps building owners and operators measure operations, improvements and maintenance on a consistent scale, with the goal of maximizing operational efficiency while minimizing environmental impacts.

In addition to analyzing its existing portfolio and benchmarking against LEED and other standards, Shorenstein has a goal of meeting, at minimum, LEED Gold certification guidelines for all future construction projects.

Shorenstein’s commitment to sustainability also extends well beyond its LEED program. The firm is a partner in EPA’s ENERGY STAR® program and 80 percent of the company’s portfolio has either qualified for the ENERGY STAR® label or is pending approval. Shorenstein is also a corporate partner in the Department of Energy’s Better Buildings Challenge, where it is committed to reducing energy intensity by 20 percent in properties it owns and manages by 2020. For the past several years, the company has also been a participant in the Environmental Defense Fund’s Climate Corps Initiative.

About Shorenstein Properties LLC
San Francisco-based Shorenstein Properties LLC (www.shorenstein.com) is one of the oldest and most successful private real estate investment companies active throughout the United States in the acquisition, development, ownership and management of office and mixed-use properties. Since it’s beginning in 1924, the company has evolved from a regional real estate operating company to an active national investor and manager of commingled institutional capital. Shorenstein provides asset management, leasing, property management and construction services to the properties in its portfolio through its wholly owned property services affiliate, Shorenstein Realty Services.

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