The requested news item does not exist. Please return to News
NEW YORK, July 8, 2009 — AXA Equitable Life Insurance Co. and institutional investors advised by J.P. Morgan Asset Management announced that 1285 Avenue of the Americas has earned LEED® Silver certification. The 1.7 million-square-foot building is the second Manhattan office property managed by Jones Lang LaSalle to meet the LEED program’s Existing Building or Operations & Maintenance (EB-OM) standard this year. The Class A office tower is also the largest office building in the state of New York to obtain LEED EB-OM Silver certification.
AXA Equitable and J.P. Morgan Asset Management launched their effort to obtain LEED certification for the property in January 2008. The building is located on Sixth Avenue between West 51st and West 52nd streets.
The Jones Lang LaSalle team overseeing the certification process was led by Mark Windt, vice president and general manager, and included Julie Arce, assistant general manager, and James Stone, chief engineer.
LEED, short for Leadership in Energy and Environmental Design, is a standard developed by the U.S. Green Building Council to transform the building industry to sustainable practices. The LEED rating system is the most widely accepted benchmark for the design, construction and operation of high performance green buildings. The ratings recognize buildings that satisfy specific green building and maintenance standards, including water efficiency, energy and atmosphere, and indoor environmental quality.LEED, short for Leadership in Energy and Environmental Design, is a standard developed by the U.S. Green Building Council to transform the building industry to sustainable practices. The LEED rating system is the most widely accepted benchmark for the design, construction and operation of high performance green buildings. The ratings recognize buildings that satisfy specific green building and maintenance standards, including water efficiency, energy and atmosphere, and indoor environmental quality.
“Our goal was to transform this terrific trophy asset into an environmentally sound property in line with Mayor Michael Bloomberg’s sustainability initiatives and an increasing mandate from tenants,” Windt said. “The building will reach its 50th anniversary in 2011, and it is very much prepared to lead the real estate market into the next 50 years.”
The building was enhanced in a number of ways, including establishing green building exterior management practices, implementing a high-performance green cleaning program, reducing the building’s indoor potable water usage by 40 percent over EPA 1992 standards, and extensive ozone protection through active refrigerant management. Additionally, the property is connected to public transportation via the concourse level providing for access to public transportation to help reduce carbon emissions.
In addition, more than 50 percent of the office space at 1285 Avenue of the Americas receives sufficient natural light to qualify for the LEED program’s daylighting credit, and the energy strategies established for the building have resulted in an Energy Star score of 70, placing it among the top 30 percent of comparable buildings for energy efficiency. Through sustainable waste management practices, 1285 Avenue of the Americas has been able to divert more than 50 percent of building waste and 75 percent of construction waste from landfills
Originally known as The Equitable Building, 1285 Avenue of the Americas was completed in 1961. The international-style building was designed by Skidmore, Owings & Merrill for the Equitable Life Assurance Society, and built by Turner Construction Co. The new Midtown office tower replaced Equitable Life Assurance Society’s older downtown predecessor as the company headquarters. Morgan Stanley Real Estate Advisor Inc. is the asset advisor to AXA Equitable.
The Energy Star program is an initiative of the U.S. Environmental Protection Agency and the U.S. Department of Energy to assist citizens and businesses to save money and protect the environment through energy efficient products and practices.
About J.P. Morgan Asset Management
J.P. Morgan Asset Management is a global asset management leader providing world-class investment solutions to institutions, individuals and financial intermediaries. The firm is responsible for approximately $1.1 trillion in assets under management (based on assets under management for the Asset Management division of JPMorgan Chase & Co. as of March 31, 2009), including approximately $44.7 billion in real estate and infrastructure assets managed by J.P. Morgan Asset Management – Global Real Assets. With a 38-year history of successful investing and a staff of approximately 380 professionals, J.P. Morgan Asset Management – Global Real Assets identifies, analyzes, negotiates, acquires, develops, redevelops, renovates, operates, maintains, finances and sells assets, on behalf of its clients. J.P. Morgan Asset Management's broad investment capabilities and framework for analyzing opportunities in today's complex real estate and infrastructure markets provide critical insights for its institutional clients in both the public and private markets.
About Jones Lang LaSalle
Jones Lang LaSalle (NYSE:JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2008 global revenue of $2.7 billion, Jones Lang LaSalle serves clients in 60 countries from 750 locations worldwide, including 180 corporate offices. The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 1.4 billion square feet worldwide. In the New York area, Jones Lang LaSalle provides leasing and management services for nearly 45 million square feet of commercial real estate. For further information, please visit our Web site, www.joneslanglasalle.com.
+1 212 627 5766