(LOS ANGELES) – The Los Angeles office of Hines, the international real estate firm, announced today that 5700 Canoga Avenue has received LEED® Silver certification from the U.S. Green Building Council under the Existing Buildings (EB) Rating System.
5700 Canoga Avenue is a five-story, 179,480-square-foot office building located in the Woodland Hills/Warner Center submarket of Los Angeles.
The building is one of five that compose the Warner Center property, which was acquired by the Hines US Core Office Fund in 2006.
5700 Canoga Avenue has a current ENERGY STAR rating of 95, up from a baseline of 85 at acquisition approximately three years ago.
In that period of time Hines reduced the site energy intensity by 14 percent.
The building currently performs 49 percent better and saves $2.53 in energy costs per square foot per year when compared to the national average building.
This translates to estimated greenhouse gas reductions equivalent to removing approximately 130 passenger vehicles from the road.
Green building features and programs include: alternative transportation options for commuters; energy efficient lighting with reduced mercury content; environmentally sensitive cleaning products and practices; reduced nighttime light pollution; reduction of indoor potable water use through low-flow fixtures; an innovative bee removal and relocation system; a comprehensive recycling program, resulting in 94 percent waste diversion; and the Hines GREEN OFFICE for Tenants program, which promotes sustainability in tenants spaces.
Senior Vice President Colin Shepherd said, “The LEED and ENERGY STAR certifications are outward signs of our ongoing commitment to provide the highest quality space and premium property management services to our tenants.
We understand that a better indoor environment and lower costs are increasingly important as businesses try to unlock and preserve value in these economic times.”
5700 Canoga Avenue is leased to a variety of tenants, including Comerica Bank, Poms & Associates, Viking River Cruises, Inc. and Xerox Corporation.
The building is managed and leased by Hines.
Globally Hines is responsible for 145 projects, representing more than 89 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 is active in the BRE Environmental Assessment Method program in the United Kingdom and the Haute Qualité Environnementale program in France.
In 2009 Hines was recognized by the EPA, for the second time, with the ENERGY STAR Sustained Excellence Award; Hines has 138 buildings, representing approximately 77 million square feet that have earned the ENERGY STAR label. 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 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 1,111 properties representing more than 449 million square feet of office, residential, mixed-use, industrial, hotel, medical and sports facilities, as well as large, master-planned communities and land developments. Hines has offices in more than 100 cities in 17 countries and controls assets valued at approximately $22.9 billion. Visit www.hines.com for more information. To learn more about sustainability at Hines, visit www.hines.com/sustainability.