Heitman’s LA Office Tower Earns LEED Platinum
The 640,000-square-foot property—completed in 1971—lowered its electrical consumption by 21 percent since 1998. Additionally, sustainability features include a water reduction of 3.7 million gallons annually since 2010.
By IvyLee Rosario
10100 Santa Monica
Heitman’s 10100 Santa Monica office tower has earned LEED Platinum certification under the U.S. Green Building Council rating system for Existing Buildings. The property is marketed and managed by Hines.
Located at 10100 Santa Monica Blvd. in Los Angeles, the 26-story building comprises 640,095 square feet. According to Yardi Matrix, the owner purchased the asset in October 1996 from Aetna Life Insurance Co. Constructed in 1971, the Skidmore, Owings & Merrill-designed 10100 Santa Monica underwent cosmetic renovations in 1997, when it was redeveloped, renovated and repositioned to include upgrades to the lobby and common areas, exterior plazas, on-site amenities, landscape and the addition of an on-site central plant. The building was previously awarded LEED Gold certification. The property offers common area Wi-Fi, 1,805 parking spaces, 12 passenger elevators and access to 4,000 square feet of ground-floor retail. Tenants include Regus, PCCP, Imperial Capital, Saban Capital Group and more. The property is currently 99 percent leased.
Sustainable investment
Sustainability features within the asset include a monthly landfill diversion of 68 percent through recycling and composts over 2,000 pounds per month, a water reduction of 3.7 million gallons annually or 28 percent of total use since 2010, a reduced electrical consumption by 21 percent since 1998, even after the addition of an on-site central plant, and strong support for alternative commuting that included electric vehicle charging stations.
“Heitman embeds environmental, social, and governance [ESG] considerations into our investment and management process to create value opportunities, reduce risk, and enhance investment returns,” said Laura Craft, head of global sustainability at Heitman, in prepared remarks. “Part of that investment process is selecting service providers and operating partners who are focused on delivering best-in-class operational efficiency and enhancing the tenant experience.”
In February, Heitman acquired a 17-building, 1.4 million-square-foot medical office portfolio from Bentall Kennedy.
Image courtesy of Yardi Matrix
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