Hines’ 1200 Nineteenth Street Awarded LEED® Platinum… - Hines

Hines’ 1200 Nineteenth Street Awarded LEED® Platinum Certification

(WASHINGTON, D.C.)

– The Washington office of Hines, the international real estate firm, announced today that its 1200 Nineteenth Street redevelopment project in Washington, D.C., has been awarded LEED® Platinum certification under the U.S. Green Building Council’s Core & Shell rating system.

The 340,000-square-foot, 11-story office building is located in Washington’s central business district.

1200 Nineteenth Street was originally completed in 1964 as a 245,000-square-foot, eight-story office building.

In 2003, the Hines U.S. Core Office Fund acquired 1200 Nineteenth Street with an anticipated vacancy rate of 85 percent and significant capital expenditure requirements.

Hines considered several repositioning scenarios including demolition, and ultimately elected to redevelop and expand the property to take advantage of additional density available through the purchase of transferrable development rights (TDRs).

The $46 million redevelopment program was completed in the summer of 2009 and resulted in a dynamic structure with state-of-the-art systems.

The redevelopment scope included:

the addition of 93,000 square feet on three new floors; a new elevator and refurbishment of existing elevators; new mechanical, electrical and plumbing systems; replacement of the existing façade with a high-efficiency glass curtain wall and full-height glass retail storefronts; new paving and landscaping; and new amenities, including a “green” planted roof with a deck; and a fitness center.

Several sustainable elements, in addition to the redevelopment scope outlined above, contributed to the LEED Platinum certification:

efficient air handling units manage the temperature and humidity of outside air entering the building, thereby reducing energy loads and increasing the comfort of building occupants; the fresh-air ventilation rates to all occupied spaces were designed to exceed the required ASHRAE standards by at least 30 percent; a floor-to-ceiling, energy-efficient glass curtain wall provides more than 96 percent of the regularly occupied space with access to outside views and natural lighting; high-efficiency plumbing fixtures save 94,000 gallons of potable water annually; the project recycled 88 percent, or more than 3,900 tons, of the construction waste generated on site; more than one-third (35 percent) of the materials used for the renovation contained recycled content; advanced lighting controls minimize light pollution to the atmosphere; and the green roof and deck system reduces storm water runoff.

In addition to the LEED Platinum certification, the project was recognized as Designed to Earn the ENERGY STAR® with a design rating of 99 out of 100 points, placing it among the top two percent of buildings nationwide in terms of energy efficiency.

ENERGY STAR is a joint program of the U.S. Environmental Protection Agency and the U.S. Department of Energy aimed at protecting the environment through the development and use of efficient products and practices.

The Designed to Earn the ENERGY STAR program, implemented in 2004, expands the ENERGY STAR program to encourage energy-efficient design in new commercial buildings.

The requirements for both the LEED Platinum certification and DEES label were an integral part of the redevelopment planning and design.

The new 1200 Nineteenth Street is currently 55 percent leased.

Tenants include:

Squire, Sanders & Dempsey L.L.P.; McKinsey & Company, Inc. USA; MOI, Inc.; and retail tenants Sam & Harry’s; Jos. A. Bank Clothiers, Mai Thai and Mixt Greens. There is significant tenant interest in the project, which is being marketed by Hines’ Washington, D.C. Project Office.

According to a Squire, Sanders spokesperson, “Squire, Sanders selected 1200 Nineteenth

Street for its Washington, D.C. officebecause of the building's wonderfully efficientand environmentallysound design.We are thrilled at the prospect of moving into a Platinum LEED Certified building in the heart of Washington, D.C.'s central business district. Our firm has enjoyedpositive experiences with Hines inseveral of our other offices, and we look forward to expandingthis healthyrelationshipinto D.C.”

 “1200 Nineteenth Street is only the fourth building in the District to earn the LEED Platinum Core & Shell certification,” said Hines Vice President Howard Riker.

“What makes this accomplishment even more rewarding is the fact that this was a renovation project, and we were often constrained by the existing conditions.

Through creativity and sheer hard work, we were able to overcome these obstacles and reach our goal,” he added.

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 Brazil, 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 1,111 properties representing more than 451 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 $22.2 billion.

Visit www.hines.com

for more information.

To learn more about sustainability at Hines, visit www.hines.com/sustainability.

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