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Downtown LA Office Tower Awarded LEED Platinum Certification

7/09/15

Aon Center, the 1.1 msf, Class A office tower at 707 Wilshire Blvd in the heart of downtown LA’s Financial District, was awarded LEED Platinum certification. The high-rise is owned by Shorenstein Properties LLC, who acquired the asset in October 2014 on behalf of its tenth investment fund. .

The building achieved Platinum as part of a recertification, which is required by the U.S. Green Building Council every five years to maintain the LEED designation. The building earned an initial LEED Gold certification in 2010. 707 Wilshire was also recognized as a 2015 BOMA International TOBY (The Outstanding Building of the Year) Finalist in the over one million square feet category.

Aon Center is one of the tallest, most recognizable buildings on the West Coast. The iconic structure stands at 62 stories offering tenants unobstructed views in all directions. Major tenants include Aon Risk Services, Morrison & Foerster, Wells Fargo, and several international banking and engineering companies. With the emerging growth in commerce and pedestrian activity in Downtown Los Angeles, the property is conveniently located one block from the Metro and within walking distance of the best restaurants, hotels, shopping centers and city parks urban Los Angeles has to offer.

LEED for Existing Buildings: Operations and Maintenance (LEED EB O&M) addresses energy efficiency, whole-building cleaning and maintenance issues (including chemical use), recycling programs, exterior maintenance programs and systems upgrades. LEED EB O&M helps building owners and operators measure operations, improvements, and maintenance on a consistent scale, with the goal of maximizing operational efficiency while minimizing environmental impacts.

Some sustainability highlights of 707 Wilshire include:

• State-of-the-art Delta digital lighting controls and building automation system
• Direct Digital Control (DDC) of the HVAC systems
• Heat Recovery System utilizing a closed loop condenser water system to replace electric strip heating for twenty floors
• Low flow restroom fixtures and automatic faucets to reduce domestic water consumption
• “Daylight Harvesting” with dimmable ballasts installed in all perimeter offices and open areas
• Motion sensor lighting with dimmable ballasts in all stairwells and maintenance common corridors
• Electric Vehicle Charging Stations
• Recycling program – cans & bottles, e-waste, food waste composting, construction materials, etc.
• Quarterly Green Cleaning Audit
• Drip irrigation system with drought resistant plantings
• Tenant Participation – Wells Fargo, LEED Gold; Morrison Foerster, LEED Silver; Glumac, participating in the Living Building Challenge to have net-zero energy office space.

BOMA International’s The Outstanding Building of the Year® (TOBY) Awards honor the best in class commercial buildings in fifteen categories. These Awards are the most prestigious and comprehensive programs of their kind in the commercial real estate industry recognizing quality in buildings and rewarding excellence in building management. All facets of a building's operations are thoroughly evaluated during the competitions. Buildings are judged on everything from community involvement and site management to environmental and "green" policies and procedures.

The competition consists of three levels. Beginning at the BOMA local association level, winning entries advance from there to the regional level and, finally, regional winners advance to the international level. The international TOBY Awards were presented at the BOMA International Conference in Los Angeles, California on June 30th, 2015.

Shorenstein currently owns 35 LEED-certified buildings totaling more than 15 msf, with the majority certified at the Gold level. The company has been a firm advocate for sustainability within the real estate industry. Shorenstein is a member of the Department of Energy’s Better Buildings Challenge, with a public commitment to reducing energy use 20% by 2020 and to sharing energy efficiency best practices with industry peers, as well as a Platinum-level corporate member of the U.S. Green Building Council and an Environmental Protection Agency’s ENERGY STAR for commercial buildings partner.






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