300 Capitol Mall Awarded LEED Gold Certification - Hines

300 Capitol Mall Awarded LEED Gold Certification

(SACRAMENTO) – The Sacramento office of Hines, the international real estate firm, and New York-based Sterling American Property Inc., joint owners of 300 Capitol Mall in Sacramento, announced today that the property has received Gold certification under the U.S. Green Building Council’s LEED® rating system for Existing Buildings.

It is the first office building on Capitol Mall to achieve LEED certification.

In addition, 300 Capitol Mall has consistently achieved the ENERGY STAR® label, and with a current rating of 96, the property is 52 percent more energy efficient and annually saves $1.61 in energy costs per square foot when compared to the national average office building.

This translates to estimated annual greenhouse gas reductions equivalent to removing 420 passenger vehicles from the road.

300 Capitol Mall, a 383,238-square-foot, 18-story office building is anchored by the State of California’s Controller Office and the State of California’s Department of Insurance, which together occupy almost 280,000 square feet.

The property is 97 percent leased to a roster of tenants that include several State of California agencies, Microsoft, Fleishman-Hillard and Westamerica Bank.

Designed by DMJM (now AECOM) and completed in 1984, 300 Capitol Mall was acquired in 2007 by a joint venture between Hines and Sterling American Property Inc.

“California’s economy and environment benefit from companies that find cleaner ways of doing business,” said State Controller John Chiang.

“As California’s Controller and as a tenant at 300 Capitol Mall, I congratulate Hines and Sterling American Property for taking responsibility for the direction our environment is heading and for achieving LEED Gold certification.”

Hines Director of Property Management Rob Perkins said, “The tenants at 300 Capitol Mall place a high priority on sustainability and strongly support our efforts to green the building.

Within a short period of time our staff has managed to vastly improve operating efficiency and position this asset for LEED Gold certification.”

300 Capitol Mall undertook numerous sustainability measures, including: participating in Sacramento Municipal Utility District’s retro-commissioning program; reducing electrical consumption by installing new building lighting controls; reducing water usage by retrofitting plumbing and irrigation systems; improving indoor air quality by implementing a comprehensive green cleaning program; and offering Hines’ GREEN OFFICE for Tenants program, designed to enhance tenant space.

Sterling American Property Inc., a real estate investment affiliate of Sterling Equities and American Securities, LP, backs its entrepreneurial real estate investment approach with a 36-year history of national real estate development, acquisition and asset management experience.

Sterling American promotes a “green” operating platform at its commercial and residential properties across the Country.

Several of these assets have achieved LEED Gold and Silver Certification and the ENERGY STAR label.

Since 1991, its five consecutive real estate funds have invested in more than $4.5 billion in assets in 43 states, often in conjunction with strong regional joint venture partners.

Today, focused on acquiring multifamily and commercial product, Sterling American Property Inc. is recognized for its ability to respond quickly and with entrepreneurial agility to opportunities and market changes.

For more information, go to www.sterlingamerican.com.

Hines is one of the most sustainable real estate companies in the world.

In 2010 Hines was recognized by the EPA, for the third time, with the ENERGY STAR Sustained Excellence Award; Hines manages 147 labelled buildings, representing approximately 75 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 192 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.

Contact Hines

Headquarters

Global Headquarters

2800 Post Oak Blvd.
Houston, TX 77056-6188
United States
1 713 621 8000
Contact Hines

European Headquarters

5 Welbeck St.
London W1G 9YQ
United Kingdom
44 20 7292 1900

Regional Offices

U.S. East Region

345 Hudson Street
12th Floor
New York, NY 10014
United States
1 212 230 2300

U.S. Midwest Region

444 West Lake Street
Suite 2400
Chicago, IL 60606
United States
1 312 419 4900

U.S. Southeast Region

5 Ravinia Dr NE
Atlanta, GA 30346
United States
1 770 206 5300

U.S. Southwest Region

609 Main St.
Suite 2400
Houston, TX 77002
United States
1 713 237 5600

U.S. West Region

101 California Street
Suite 1000
San Francisco, CA 94111
United States
1 415 982 6200

Asia Pacific Region

1 Connaught Road, 28F
Central, Hong Kong

Eurasia Region

Gasheka Street 6
Ste. 820
Moscow 125047
Russia
7 495 785 05 00

European Region

5 Welbeck St.
London W1G 9YQ
United Kingdom
44 20 7292 1900

International Offices

Australia

20 Hunter St
Level 10
Sydney, NSW 2000
Australia
61 2 9232 3137

Brazil

Av. das Nações Unidas, 12901
Torre Norte - 6 ° andar
São Paulo 04578-910
Brazil
55 11 5504 7600

Canada

200 King Street West
Suite 1805
Toronto, ON M5H 3T4
Canada
416 595 1949

China

Suite 333, Hyundai Motor Tower
38 Xiaoyun Road, Chaoyang District
Beijing, PRC 100027
China
8610 8453 8855

France

66 Avenue Charles de Gaulle
Neuilly-sur-Seine, IDF 92522
France
33 1 41 45 80 80

Germany

Hines Immobilien GmbH
Joachimsthaler Str. 1
D - 10623 Berlin
Germany
49 30 726241 100

Greece

Voukourestiou 19
Athens 106 71
Greece
30 210 364 7895

India

One Horizon Center
12th Floor
Gurgaon, Haryana 122002
India
91 124 480 2222

Ireland

Block 2, First Floor
Clanwilliam House, Clanwilliam Place
Dublin 2
Ireland
353 1 7999900
Dublin.OfficeAdmin@hines.com

Italy

Via Broletto, 35
Milan 20121
Italy
0039 02 8962921

Japan

Akasaka K Tower Level 4
1-2-7 Motoakasaka, Minato-ku
Tokyo 107-0051
Japan
81 90 9854 5236

Luxembourg

35 F, John F. Kennedy
Luxembourg L-1855

352 264 337 1

Mexico

Torre del Angel
Reforma 350
Mexico D.F. 06600
Mexico
52 55 52428809

The Netherlands

Gustav Mahlerplein 28
Amsterdam, NH 1082 MA
Netherlands
31 6 30 70 81 29

Nordic Countries

Forbindelsesvej 4
Copenhagen 2100
Denmark
44 7815 285 191

Panama

Torre B Piso 15
Torre de las Americas
Punta Pacifica, Panama City
Panama
507 028 20 7375

Poland

Prosta Street 68
Warsaw 00-838
Poland
48 22 351 2400

Russia

Gasheka Street 6
Ste. 820
Moscow 125047
Russia
7 495 785 05 00

Spain

Sor Ángela de la Cruz, 2° - 2° C
Edificio Cuzco III
Madrid 28020
Spain
34 91 703 00 23

South Korea

Glass Tower, Level 20
534 Teheran-ro, Gangnam-gu
Seoul 06181
Republic of Korea
82 2 3439 9141

United Kingdom

5 Welbeck St.
London W1G 9YQ
United Kingdom
44 20 7292 1900