(LOS ANGELES) – The Los Angeles office of Hines, the international real estate firm, announced today that Citigroup Center has received Gold certification under the U.S. Green Building Council’s LEED® rating system for Existing Buildings.
Citigroup Center is an 891,056-square-foot, 48-story office building located in Los Angeles’ central business district.
Designed by A.C. Martin & Associates and completed in 1981, Hines’ U.S. Office Value Added Fund II, L.P. acquired the property in 2008.
Citigroup Center has earned the ENERGY STAR label every year since 2005.
With a current score of 95, the building is 50 percent more energy efficient and annually saves $1.49 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 770 passenger vehicles from the road.
Hines Property Manager Leia Jensen said, “We are proud to have achieved such a high level of recognition, which could not have been possible without the support of ownership and the unrelenting efforts of the property team. This further validates our ongoing commitment to deliver environmentally sustainable office space to our existing and future tenants.”
Green features and sustainable programs include: the installation of low flow fixtures; low mercury content lamps; a comprehensive recycling program with a 68 percent diversion rate and the implementation of food waste and organic recycling; ongoing green cleaning; and Hines’ GREEN OFFICE for Tenants program, designed to enhance tenant space.
Citigroup Center is leased to a roster of notable tenants that includes: AC Martin; Citicorp; Freddie Mac; Los Angeles Economic Development Corporation; Morgan Stanley Smith Barney; PB Americas; and University of Southern California, among others.
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 153 labeled buildings, representing more than 77 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 202 projects, representing more than 107 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 1,119 properties representing more than 457 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 100 cities in 17 countries, and controlled assets valued at approximately $23 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.