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Shorenstein Receives LEED Gold Recertification for Santa Clara Tower I

Santa Clara, CA – March 1, 2017 – Shorenstein Properties LLC announced the LEED Gold recertification of Santa Clara Tower I, one of two twin granite office towers located at 3945 Freedom Circle in Santa Clara, CA.  Santa Clara Tower I initially earned LEED Gold in 2012 and the U.S. Green Building Council requires recertification every five years to maintain the LEED for Existing Buildings designation.  Santa Clara Tower II, the matching twin tower, is currently pursuing LEED for Existing Buildings certification.

Santa Clara Towers is a leading Class A asset located in the Golden Triangle submarket of Santa Clara fronting Highway 101, with convenient access to Route 237 and Interstate 880. The twin granite office towers offer efficient floor plates that can accommodate full floor and multi-tenant configurations. A number of improvements have been made under Shorenstein ownership including LED lighting retrofits to both exterior and interior lighting and a state- of-the-art parking lighting system.  Additional improvements extend to a fully upgraded lobby in Tower II and elevator finish enhancements in both towers. While a strong amenity base surrounds the property, there are many onsite amenities including Birk’s Restaurant – one of Silicon Valley’s most recognized business eateries, a health club, indoor pool and Jacuzzi, and abundant structured parking. The property is close to major hotels, universities, 49ers’ Levi Stadium, SJ Earthquakes’ Avaya Stadium and San Jose International Airport.

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 Santa Clara Tower I include:

  • Average ENERGY STAR Score:  92
  • Water use reduction standards
  • Extensive LED lighting upgrades
  • LEED-compliant cleaning procedures and supplies
  • Recycling and composting program
  • Regular e-waste collection events
  • Green construction standards
  • LEED-compliant pest control management
  • Secure bicycle storage for tenants
  • LEED-accredited Property Manager

Shorenstein currently owns twenty-seven LEED-certified buildings totaling twelve million square feet, 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 ENERGY STAR for commercial buildings partner.  www.shorenstein.com/sustainability.

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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 62.6 million square feet in transactions with a gross investment value in excess of $14.9 billion.