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News release

Chicago

Beacon Capital Partners Makes History with First Multi-Tenant Platinum LEED® Certified LEED for Existing Buildings: Operations & Maintenance

Beacon and Jones Lang LaSalle drive process to certify 550 West Washington in downtown Chicago as the first LEED for Existing Buildings: O & M Platinum multi-tenant building


CHICAGO, September  9, 2009 — Beacon Capital Partners, LLC (“Beacon”) and Jones Lang LaSalle (JLL) today announced the world’s first Platinum LEED Certified multi-tenant building under the LEED for Existing Building: Operations & Maintenance (O&M) category at 550 West Washington Street in Chicago.  The 10-year old asset owned by an affiliate of Beacon makes history as the first multi-tenant building to reach Platinum status. 
 
“550 West Washington Street was developed as a high-performance building in the late 1990s, and this initiative raises the bar on what it means to be high-performance in the 21st Century” said Fred Seigel, President and Chief Operating Officer of Beacon.  “Platinum LEED certification is the ultimate proof that a building meets the most rigorous standards for energy and sustainability, and demonstrates Beacon’s commitment to sustainability throughout our portfolio.”
 
“With each new LEED-certified building, we get one step closer to USGBC’s vision of a sustainable built environment within a generation,” said Rick Fedrizzi, President, CEO & Founding Chair, U.S. Green Building Council. “As the newest member of the LEED family of green buildings, 550 West Washington is an important addition to the growing strength of the green building movement.”
 
In the second quarter of 2008, JLL and Beacon conducted an analysis of 550 West Washington’s current energy efficiency and sustainable features, as well as steps necessary to achieve LEED certification. Achieving Platinum certification, the highest possible level, requires 68 LEED credits in areas such as energy and water efficiency, indoor air quality, use of sustainable building materials, tenant recycling and other sustainable features. The building’s extremely high ENERGY STAR score was an important step toward LEED certification, as was proximity to public transportation and other existing features, including a state-of-the-art digital HVAC control system.
 
With Beacon’s decision to seek certification, the team registered the property on the USGBC web site and implemented a program to improve and optimize the building’s efficiencies.  Over the course of the next year and with minimal capital investment, they were able to rework building policies to ensure sustainable procedures, coordinate green activities with vendors and tenants, and conduct a full retro-commissioning of building systems to obtain a Platinum-eligible submission for LEED for Existing Buildings: O&M status.  Among the benefits of these efforts are reduced utility costs and improvements in tenant comfort.
 
Tenant involvement was an important element of Beacon and JLL’s efforts. Many of 550 West Washington’s tenants, including anchor tenant CME Group, regularly make sustainable decisions with respect to the construction of their tenant improvements and procurement of supplies. These decisions were critical in helping the building to achieve Platinum Certification.
 
“CME Group is pleased to have supported 550 West Washington’s efforts to achieve LEED-EB O&M Platinum Certification as these efforts are in alignment with the company’s own sustainability goals and occupancy cost reduction efforts,” stated Kevin Lennon, Managing Director of Real Estate at CME Group.
 
“Beacon has proven that it is an environmentally responsible owner,” said Dan Probst, Chairman of Jones Lang LaSalle’s Energy & Sustainability Services group.  “550 West Washington is 95 percent occupied with long-term tenants.  Beacon sought certification because it was the right thing to do.”
 
To gain Platinum LEED for Existing Buildings: O&M certification, the Beacon/JLL team developed and implemented a strategy that included:
 
• Retro-commissioning the building systems to enhance energy performance

• Sustainable purchases for more than 40% of the building supplies and materials, as well as 60% of the building cleaning products

• Increasing use of sustainable maintenance products

• Implementing green housekeeping, green landscaping, and integrated pest management programs

• Implementing battery and electronic waste programs

• Creating and delivering tenant education programs

• Improved recycling rate from 32% over 70% diversion from landfill
 
About LEED
 
The U.S. Green Building Council's LEED green building certification system is the foremost program for the design, construction and operation of green buildings. The U.S. Green Building Council’s LEED rating system is the preeminent program for the design, construction and operation of green buildings. 35,000 projects are currently participating in the LEED system, comprising over 5.6 billion square feet of construction space in all 50 states and 114 countries.
 
By using less energy, LEED-certified buildings save money for families, businesses and taxpayers; reduce greenhouse gas emissions; and contribute to a healthier environment for residents, workers and the larger community.
 
USGBC was co-founded by current President and CEO Rick Fedrizzi, who spent 25 years as a Fortune 500 executive.  Under his 15-year leadership, the organization has become the preeminent green building, membership, policy, standards, influential, education and research organization in the nation.
 
For more information, visit www.usgbc.org.
 
About ENERGY STAR
 
ENERGY STAR is a joint program of the U.S. Environmental Protection Agency and the U.S. Department of Energy helping us all save money and protect the environment through energy efficient products and practices. EPA provides an innovative energy performance rating system which businesses have already used for more than 62,000 buildings across the country. EPA also recognizes top performing buildings with the ENERGY STAR. For more information please visit www.energystar.gov.
 
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 1.3 billion square feet worldwide. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse in real estate with more than $36 billion of assets under management. For further information, please visit our Web site, www.joneslanglasalle.com.