Portland, OR – September 14, 2016 – Shorenstein Properties, LLC announced Lincoln Tower, part of a Class A office campus located in Portland’s suburban office market, has received LEED Gold certification. Lincoln Tower, which initially earned LEED Silver certification in 2013, recertified the property through the LEED Dynamic Plaque which displays real time measurements about a building’s resource use. Lincoln Tower is the first Shorenstein property to utilize the LEED Dynamic Plaque platform to demonstrate operational performance according to the U.S. Green Building Council (USGBC) LEED (Leadership in Energy & Environmental Design) standard, the world’s most recognized green building rating system.
Lincoln Center offers 731,451 square feet of Class A office property in a prime suburban location near Washington Square Mall. Amenities include a fitness center, common area showers, secured and covered bike storage, three delis, two full service restaurants, conference rooms/training facilities, electric vehicle charging stations and onsite management provided by Shorenstein Realty Services. Lincoln Tower, the 223,498 square-foot flagship building, bears a current ENERGY STAR score of 85.
The LEED Dynamic Plaque is a building performance monitoring and scoring platform, that provides a LEED performance score, annual LEED recertification and global benchmarking. Performance is tracked through the LEEDon platform, which monitors energy, water, waste, transportation and human experience and is displayed publicly on the plaque. The LEED performance score corresponds with the globally recognized LEED certification levels – Certified, Silver, Gold and Platinum.
“We are pleased with the result of this LEED recertification,” said Kim Gach, General Manager of Shorenstein’s 4.2 million square-foot Portland portfolio. “The Dynamic Plaque platform provides a unique means of engaging occupants and property staff with the building’s operational performance.”
Some of the highlights of the sustainability program at Lincoln Center include:
Shorenstein owns fifteen million square feet of currently-certified LEED property, primarily at the Gold level.
“The green building movement offers an unprecedented opportunity to respond to the most-important challenges of our time, including global climate change, dependence on non-sustainable and expensive sources of energy and threats to human health,” said Scot Horst, chief product officer at USGBC. “The work of innovative building projects such as Lincoln Tower is a fundamental driving force in the green building movement.”
Shorenstein has been a firm advocate for sustainability within the real estate industry. The company is a member of the Department of Energy’s Better Buildings Challenge, with a public commitment to reducing energy use 20 percent by 2020. The company is also a Platinum-level corporate member of USGBC and an Environmental Protection Agency ENERGY STAR for Commercial Buildings partner. www.shorenstein.com/sustainability.
About Shorenstein Properties LLC
Founded in 1924, Shorenstein Properties LLC is a privately-owned, real estate firm active nationally in the ownership and management of high-quality office properties, with offices in San Francisco and New York. Starting in 1992, Shorenstein has sponsored eleven closed-end investment funds with total equity commitments of $7.9 billion, of which Shorenstein committed $648.5 million. Shorenstein uses its integrated investment and operating capabilities to take advantage of those opportunities which, at the particular time in the investment cycle, offer the most attractive risk-adjusted returns. Investments have included ground-up developments, asset repositioning and stabilized assets; investment structures have included asset acquisitions, mezzanine loans, preferred equity investments and structured joint ventures. These funds have invested in properties totaling 63.2 million square feet in transactions with a gross investment value in excess of $14.9 billion.