(LOS ANGELES) – The Los Angeles office of Hines, the international real estate firm, announced today that 21271 and 21281 Burbank Boulevard have received Gold certification under the U.S. Green Building Council’s LEED for Existing Buildings (EB) rating system.
21271 Burbank Boulevard, a 178,292-square-foot office building, and 21281 Burbank Boulevard, a 178,245-square-foot office building, are both five stories and are located in the Woodland Hills/Warner Center submarket of Los Angeles.
Designed by Poliquin Kellogg Design Group and completed in 2001, the buildings are two of five that compose the Warner Center property, which was acquired in 2006 by the Hines U.S. Core Office Fund.
With a current weighted-average ENERGY STAR® score of 97, the buildings are 50 percent more energy efficient and annually save $2.40 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 198 passenger vehicles from the road.
“We are very proud of our team’s efforts in accomplishing this 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 teams at 21271 and 21281 Burbank Boulevard have implemented the Hines sustainability program very effectively.
The benefits of these programs accrue to all the stakeholders – tenants, investors and the community.”
Green features implemented at both properties 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 85 percent waste diversion; and 100 percent participation in the Hines GREEN OFFICE for Tenants program, which promotes sustainability in tenant spaces.
21271 Burbank Boulevard is leased almost entirely to Health Net of California, along with several smaller tenants.
21281 Burbank Boulevard is fully leased to Health Net of California.
Hines is responsible for managing and leasing the buildings.
Hines is one of the most sustainable real estate companies in the world.
In 2012 Hines was recognized by the EPA, for the fifth time, with the ENERGY STAR Sustained Excellence Award. Hines manages 187 labelled buildings, representing more than 78 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 199 projects, representing more than 101 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. To learn more about sustainability at Hines, visit www.hines.com/sustainability.
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 1,208 properties representing more than 488 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 104 cities in 18 countries, and controlled assets valued at approximately $23.8 billion, Hines is one of the largest real estate organizations in the world. Visit www.hines.com for more information.