(SACRAMENTO, CA) – 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 Platinum certification under the U.S. Green Building Council’s LEED for Existing Buildings (EB) rating system.
300 Capitol Mall, a 383,238-square-foot, 18-story office building, is anchored by the California State Controller’s Office and the State of California’s Department of Insurance, which together occupy almost 320,000 square feet. Designed by DMJM, the property was completed in 1984.
To elevate the 31-year old building from Gold to Platinum, the staff at 300 Capitol Mall undertook numerous sustainability measures, including: participating in Sacramento Municipal Utility District’s Automated Demand Response program; reducing electrical consumption through expanded use of building lighting controls; reducing water usage via weather-based irrigation control system; improving indoor air quality through a comprehensive green cleaning program; and offering Hines’ GREEN OFFICE for Tenants program, designed to enhance tenant space.
In addition to earning LEED, the property has earned the ENERGY STAR® label 13 times since 2002. With a current rating of 97, the Building is 56 percent more energy efficient than an average U.S. office building.
Hines Senior Property Manager Lisa Fitzgerald said, “The team and tenants at 300 Capitol Mall place a high priority on sustainability and continue to collaborate to vastly improve operating efficiency and position this asset from LEED Gold to Platinum certification.”
Hines Senior Managing Director and Global Sustainability Officer Gary Holtzer added, “Achieving LEED Platinum is a testament to the value of applying solid, proactive operating principles to create efficiencies, cost savings and long-term value. Continuous improvement by the on-site Hines staff was at the core of moving this building from LEED Gold to Platinum.”
Hines is one of the most sustainable real estate companies in the world. In 2014 Hines was recognized by the EPA, for the seventh time, with the ENERGY STAR Sustained Excellence Award. In addition, Hines has received the ENERGY STAR Partner of the Year award three times. Hines manages 181 labeled buildings, representing more than 81 million square feet, in the ENERGY STAR program. Also, 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 200 projects, representing more than 105 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 global real estate investment firm founded in 1957 with locations in 185 cities in 19 countries. Hines has $84.9 billion of assets under management, including $42.7 billion for which Hines provides fiduciary investment management services, and $42.2 billion for which Hines provides third-party property-level services. In 2014, Hines completed over $8 billion in transactions on behalf of its investment management clients. The firm has 104 developments currently underway around the world. Historically, Hines has developed, redeveloped or acquired more than 1,000 properties, totaling over 339 million square feet. The firm’s current property and asset management portfolio includes 511 properties, representing over 176 million square feet. With extensive experience in investments across the risk spectrum and all property types, and a pioneering commitment to sustainability, Hines is one of the largest and most-respected real estate organizations in the world. www.hines.com.