(LOS ANGELES, CA) – The Los Angeles office of Hines, the international real estate firm, announced today that 5820 Canoga Avenue has received Gold certification under the U.S. Green Building Council’s LEED® for Existing Buildings (EB) rating system.
5820 Canoga Avenue is a 92,915-square-foot, three-story office building located in the Woodland Hills/Warner Center submarket of Los Angeles.
Designed by Poliquin Kellogg Design Group and completed in 2002, the building is one of five that composes the Warner Center property, which was acquired in 2006 by the Hines U.S. Core Office Fund.
5820 Canoga Avenue has earned the ENERGY STAR® label every year since its acquisition by Hines.
With a current rating of 98, the building is 48 percent more energy efficient and annually saves $1.80 in energy costs per square foot when compared to the average U.S. office building.
This translates to estimated annual greenhouse gas reductions equivalent to removing 196 passenger vehicles from the road.
“We are very proud of our team’s efforts in accomplishing this LEED Gold certification, as it represents our dedication to deliver a high-quality, environmentally sustainable, office environment and long-term cost savings to our tenants” said Hines Property Manager Tom Schienbein.
Hines Global Sustainability Officer Gary Holtzer added, “The team at 5820 Canoga Avenue embraces practices that allow Hines to conduct business in the cities and towns in which we operate that is respectful of the environment, and deliver the returns to our clients and partners that they expect.”
Green features implemented at 5820 Canoga Avenue include: energy efficient lighting with reduced mercury content; the use of environmentally sensitive cleaning products and practices; reduced nighttime light pollution; reduction of indoor potable water use through low-flow fixtures and dual-flush handles; a comprehensive recycling program resulting in nearly 84 percent waste diversion; and 100 percent participation in the Hines GREEN OFFICE for Tenants program, which promotes sustainability in tenant spaces.
5820 Canoga Avenue is leased to two major tenants – Universal Music Group Latin Entertainment and Wells Fargo Advisors, along with several smaller tenants. Hines is responsible for managing and leasing the building.
Hines is one of the most sustainable real estate companies in the world.
In 2011 Hines was recognized by the EPA, for the fourth time, with the ENERGY STAR Sustained Excellence Award; Hines manages 146 labeled buildings, representing more than 68 million square feet, in the ENERGY STAR program.
Twelve Hines development or redevelopment projects, representing more than six million square feet, have been designated as Designed to Earn the ENERGY STAR.
Hines is also a leader in the U.S. Green Building Council’s programs, with 195 projects, representing more than 100 million square feet that have been certified, pre-certified or registered under the various LEED rating systems.
Hines was a founding member of the German Sustainable Building Council and the Russian Green Building Council, and is active in the Green Building Council Brasil, the Green Building Council España, the Green Building Council Italia, the Indian Green Building Council, the BRE Environmental Assessment Method program in the United Kingdom and the Haute Qualité Environnementale program in France.
Hines is a privately owned real estate firm involved in real estate investment, development and property management worldwide. The firm’s historical and current portfolio of projects that are underway, completed, acquired and managed for third parties includes 1,147 properties representing more than 462 million square feet of office, residential, mixed-use, industrial, hotel, medical and sports facilities, as well as large, master-planned communities and land developments.
With offices in 108 cities in 18 countries, and controlled assets valued at approximately $23.4 billion, Hines is one of the largest real estate organizations in the world.
Visit www.hines.com for more information.
To learn more about sustainability at Hines, visit www.hines.com/sustainability.