Shorenstein Receives LEED Gold Certification for Umpqua Bank Plaza in Portland, Oregon

San Francisco, CA – October 4, 2012 – Shorenstein Properties LLC announced it has received LEED certification at the Gold level, Existing Building Operations and Maintenance (EBOM), for Umpqua Bank Plaza, a 281,000 square foot Class A office building at One SW Columbia Street in downtown Portland.

This brings to ten the number of properties that have successfully achieved LEED certification at the Silver level or higher under Shorenstein’s ownership and management this year. The company currently owns nineteen LEED-EBOM certified properties. This is the company’s third LEED certified building in Portland. The others are Kruse Oaks III in Kruse Way, Lake Oswego, and Congress Center, also in downtown Portland. (A fourth LEED certified building, First & Main, was sold last year.)

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.

The sustainability program at Umpqua Bank Plaza included:
· Maximizing energy efficiency to meet an ENERGY STAR score of 88, making the property 38 percent more efficient than comparable properties;
· Exceeding fresh air ventilation standards by more than 30 percent;
· Deploying submeter technology to minimize water use in irrigation and building cooling systems;
· Achieving Innovation in Operation credits for diverting 100 percent of durable goods such as computers and furniture from the waste stream; reducing mercury content in lamps to less than 50 picograms per lumen hour; and having 100 percent of the building’s parking under cover to reduce the urban heat island effect.

The building also earned LEED points for using lighting control systems in tenant suites and for its efficient use of natural light.

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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