75 Hawthorne Awarded LEED Platinum Certification by the U.S. Green Building Council
- Sep 18, 2014
It was recently announced that 75 Hawthorne at Hawthorne Plaza was awarded Platinum level certification under the United States Green Building Council’s LEED for Existing Buildings Rating System. Owned John Hancock Life Insurance Company, a division of Manulife Financial Corporation in Canada and managed by previous owner and current property manager Hines, the asset was previously awarded Gold-level certification under the same system back in 2009. Hines sold the property to its current owner in 2011, but it stayed on to carry out property management duties at the asset.
The 20-story Class A office asset offers up a total of 360,000 square feet of space and is valued by real estate data provider PropertyShark.com at around $148 million. 75 Hawthorne, along with 95 Hawthorne constitutes the Hawthorne Plaza complex which offers tenants an amenity package that includes childcare and a fitness center. Currently operating at an occupancy rate of around 75 percent, the asset has most of its space leased out to the U.S. Federal Government. Around 225,000 square feet of space are occupied by the Environmental Protection Agency’s Region IX Headquarters.
The office tower’s eco-friendly profile has also been recognized by the EPA being a repeated earner of the ENERGY STAR label. 75 Hawthorne currently has a rating of 98 under the system, and has received the label every year since its acquisition.
Hines has had a great track record with sustainable assets, being one of the leaders in the U.S. Green Building Council’s programs. The company is involved in 201 projects currently rated by the USGBC, amounting to a total of more than 101 million square feet that have been certified, pre-certified or registered under the various LEED rating systems. The company was heavily involved in the creation of several rating systems such as the German Sustainable Building Council and the Russian Green Building Council, and is also active with a number of other national organizations throughout Europe and Asia.
Image courtesy of hines.com