X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SAN FRANCISCO-The first existing multitenant office building in California to achieve LEED certification from the US Green Building Council is 100 Pine, 35-story 440,500-sf Downtown office tower here owned by the Alaska Permanent Fund and its minority, operating partner, Unico Properties of Seattle. The only other buildings in San Francisco to carry LEED-EB status are a pair of single-tenant headquarters buildings—Pacific Gas & Electric’s HQ at 245 Market St. and construction contractor Swinerton Inc.’s HQ at 260 Townsend St.Built in 1972 of steel, concrete and glass based on the design of Hertz & Knowles, 100 Pine has known for its stingy water and energy use for some time. It was one of the first buildings in San Francisco to receive an Energy Star label and was voted Commercial Recycler of the Year for seven straight years starting in 2000 in a program sponsored by the Building Owners and Managers Association (BOMA).That having been said, Wes Powell, the Jones Lang LaSalle broker with the leasing assignment says obtaining LEED-EB status is no small feat. “Close to 98 percent of commercially-operated office buildings today were not built to green standards and converting them would be a huge undertaking,” he says. “The team’s accomplishment with 100 Pine was the equivalent of converting a gas-guzzling SUV into a hybrid while driving 55 mph along the highway.”Alaska Permanent Fund acquired a majority interest in the asset three years ago in a deal that valued the asset at $149 million. Ownership could not immediately be reached Thursday afternoon for comment on the cost of the “green” improvements and how long it will take to recoup the investment. Ownership retained San Francisco-based OrganicArchitect to compile and file the LEED-EB application.The sustainable measures employed at 100 Pine include:

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.