Shorenstein Receives LEED Platinum Recertification for the Historic Russ Building in San Francisco

San Francisco, CA – August 11, 2016 – Shorenstein Properties, LLC announced the LEED Platinum recertification of the Russ Building, a 510,000 square foot office property located at 235 Montgomery Street in downtown San Francisco. The building achieved Platinum as part of a recertification, which is required by the U.S. Green Building Council every five years to maintain the LEED for Existing Buildings designation. The building earned an initial Gold certification in 2011.

The Russ Building (235 Montgomery Street) is a historic property located in the heart of downtown San Francisco designed by the renowned architect George W. Kelham. Built in 1926 and preserved in its original grandeur the Russ Building was considered the tallest building until 1963 and is a financial district landmark.

LEED for Existing Buildings: Operations and Maintenance (LEED EB O&M) addresses energy efficiency, whole-building cleaning and maintenance issues (including chemical use), recycling programs, exterior maintenance programs and systems upgrades. LEED EB O&M 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.

Some sustainability highlights of the Russ Building include:

  • ENERGY STAR Score: 98
  • LEED-compliant cleaning procedures and supplies
  • Recycling and composting program
  • Regular e-waste collection events
  • Green construction standards
  • LEED-compliant pest control management
  • Secure bicycle storage for tenants
  • Zipcar, Scoot, and EV charging on-site

Shorenstein currently owns thirty-five LEED-certified buildings totaling fifteen million square feet, with the majority certified at the Gold level. The company has been a firm advocate for sustainability within the real estate industry. Shorenstein is a member of the Department of Energy’s Better Buildings Challenge, with a public commitment to reducing energy use 20% by 2020 and to sharing energy efficiency best practices with industry peers, as well as a Platinum-level corporate member of the U.S. Green Building Council and an Environmental Protection Agency’s ENERGY STAR for commercial buildings partner. www.shorenstein.com/sustainability.

About Shorenstein Properties LLC
Founded in 1924, Shorenstein Properties LLC is a privately-owned, real estate firm active nationally in the ownership and management of high-quality office properties, with offices in San Francisco and New York. Starting in 1992, Shorenstein has sponsored eleven closed-end investment funds with total equity commitments of $7.9 billion, of which Shorenstein committed $648.5 million. Shorenstein uses its integrated investment and operating capabilities to take advantage of those opportunities which, at the particular time in the investment cycle, offer the most attractive risk-adjusted 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 61.7 million square feet in transactions with a gross investment value in excess of $14.5 billion.

West Coast Commercial Real Estate News