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Kruse Woods Corporate Park Recognized by Clackamas County and U.S. Green Building Council for Sustainability Achievements

Portland, OR – January 19, 2018 – Shorenstein Properties LLC earned recognition for sustainability excellence at its Kruse Woods Corporate Park, located in Lake Oswego, Oregon.  The Clackamas County local government presented Shorenstein’s management team with its “Leaders in Sustainability” award, in recognition of the team’s environmentally and socially conscious business practices.  Additionally, Shorenstein has renewed the LEED Gold certification for its Kruse Oaks III property.

 

The Leaders in Sustainability program certifies the positive environmental and social impact of businesses across Clackamas County.  Shorenstein’s Kruse Woods Corporate Park counts over 50 such sustainable business strategies in its property management operation.  Clackamas County’s sustainability team reviewed and verified these sustainability strategies, confirming the Park management office’s achievement of “Gold” recognition, the highest possible level.

 

Shorenstein’s sustainable business strategies include:

  • EPA ENERGY STAR partner and campus-wide average ENERGY STAR score of 90, indicating that Kruse buildings are more efficient than 90% of similar office buildings
  • Green cleaning practices that minimize environmental and human impacts
  • Dual-stream recycling program
  • Annual electronic waste recycling event and semi-annual secure paper recycling event
  • Integrated pest management
  • Energy and water efficiency measures
  • Free electric vehicle charging
  • Community engagement activities including annual Earth Day promotional event for Kruse Woods tenants
  • Annual, publically-available sustainability report

 

The sustainable features and property management practices pre-approved by Clackamas County help any organization located in the Kruse Woods Corporate Park obtain County sustainability certification.  OBEC Consulting Engineers, an infrastructure engineering firm located at 5000 Meadows Road, recently received Leaders in Sustainability certification at the Gold level, benefiting from over twenty of these features and management practices.  “We appreciate that the Shorenstein organization shares OBEC’s sustainability values,” said John Kelly, who chairs OBEC’s sustainability committee.  He noted that the pre-approved features and practices enabled his company to move from Silver to Gold certification status, and that more and more of OBEC’s clients award work partly on a company’s sustainability practices.

 

In December, Shorenstein celebrated the LEED recertification of its Kruse Oaks III property, a 108,454 square foot class A office building located at 5500 Meadows Road within the Kruse Woods Corporate Park.  Designed and constructed to the LEED Gold standard in 2009, the building has now demonstrated Gold-level operation and maintenance via the LEED Performance Score, which provides USGBC’s 3rd party verification of the building’s energy, environmental, and human performance.  Shorenstein is evaluating feasibility of additional LEED certifications at Kruse Woods Corporate Park and across its national real estate portfolio.

 

LEED (Leadership in Energy and Environmental Design) is an internationally recognized green building certification program for the design, construction, and operation of real estate assets.  The U.S. Green Building Council, the independent standards and rating body that administers LEED, provides the real estate market with a transparent, third-party measure of building performance.  LEED is widely recognized by tenants, landlords, brokers, and design and construction professionals as a standard of excellence.  Shorenstein pursues certification wherever it is appropriate for the property type and in alignment with market expectations.  The LEED performance score corresponds with the globally recognized LEED certification levels – Certified, Silver, Gold and Platinum.

 

Kruse Woods Corporate Park is a 20-building office campus located in Lake Oswego, one of the most attractive and exclusive communities in the Portland area. This distinctive property offers state-of-the-art facilities and amenities, scenic oak groves and natural wetlands lining the south edge of the property, and magnificent views of Tualatin Valley.  

Lake Oswego is just eight miles southwest of Portland on the banks of the Willamette River. The quaint downtown offers locally owned boutiques, trendy shops and restaurants, and a variety of services that cater to the business community. Kruse Woods Corporate Park’s easy access to Lake Oswego’s executive housing and amenities, along with its location near the confluence of four major roadways, make it the perfect destination for work, play and everything in between.

 

Shorenstein is a platinum member of the U.S. Green Building Council (USGBC) and has achieved LEED certification for over 23 million square feet of office properties to date, primarily certified at the Gold level.  Shorenstein is a member of the Global Real Estate Sustainability Benchmark (GRESB), the Department of Energy’s Better Buildings Challenge and an Environmental Protection Agency ENERGY STAR for Commercial Buildings partner.  www.shorenstein.com/sustainability.

 

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About Shorenstein

Shorenstein is a privately owned real estate firm active nationally in the ownership and management of high-quality office and residential properties, with offices in San Francisco and New York.  Shorenstein’s portfolio includes properties owned by the Shorenstein family through its affiliates Shorenstein Company LLC and Shorenstein Residential Equity Investors, as well as properties owned by a series of closed-end institutional funds sponsored by Shorenstein Properties LLC.  These funds, with equity commitments totaling $7.9 billion, have invested in properties totaling 62.6 million square feet in transactions with a gross investment value in excess of $14.9 billion. Shorenstein Properties LLC is currently investing its eleventh fund, which has total equity commitments of $1.2 billion. 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 land entitlements, ground-up developments, asset repositionings and stabilized assets; investment structures have included asset acquisitions, mezzanine loans, preferred equity investments and structured joint ventures.  For more information, visit shorenstein.com.