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Case Study

One Financial Center: A leader in sustainability

Services provided: construction, property management

In 2007, Beacon Capital Partners engaged Jones Lang LaSalle to manage One Financial Center, a 1.3 million-square-foot first class office tower adjacent to Boston’s South Station and Rose Kennedy Greenway. After 25 years of management by the previous owner/operator, our property management team led a seamless transition of management responsibilities. In a little over a year, our property management team has already driven remarkable operational improvements at the property, significantly lowering costs and enhancing sustainable practices.

Sustainabiltiy: Our team has implemented several sustainability programs, at little cost or short payback, including: LEED EBOM Silver rating (first in the nation), ENERGY STAR label, ZipCar parking, video conferencing center, recycling program and efficient plumbing upgrade. Results include: an increase in recycling from 7% to 60%, trash removal cost reduction of $3,000 per month and a 25% decrease in water consumption. Our management team was responsible for presenting the ownership with a costsaving and payback analysis for each program.

Capital Improvements: Our property management team is heavily involved in a proposed $7 million lobby renovation project, which will include upgrading the security systems and installing turnstiles. We are also exploring an energy efficiency program to
upgrade the building’s energy management system and significantly reducing energy costs.

Bottom-Line Savings: Other bottom-line savings include: $10,000 per month credit by bidding the cleaning contract, $90,000 per year by streamlining staffing, $80,000 per year by improving the billing process for billable labor.

Industry Recognition: In November 2008, the Building Owners and Managers Association (BOMA) Boston awarded One Financial’s property manager the title of Property Manager of the Year in the High Rise Category, and the building also won BOMA’s High Rise of the Year award. One Financial also went on to win BOMA's High Rise of the Year Award of the Mid Atlantic region. These awards are a statement to the successes achieved at One Financial in a relatively short period of time.

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