NEW JERSEY - Cassidy Turley Associate Vice President Harold Campbell, RPA, SMA, said that the Energy Star certification was achieved due to the combined efforts of the Cassidy Turley Property Management, Sustainability Services/Energy Management and Brokerage Services teams, along with the property’s owner, Colony Realty Partners, and tenants.
“We were interested in improving the financial performance of the building, while also being aware of our social responsibility as managers,” said Campbell. “We took an aggressive approach by making sure all the existing engineering controls were set and running at exactly the levels they should be at all times.”
Campbell noted that they were able to secure the coveted ranking by adhering to energy-saving principles and aggressive maintenance efforts.
“We verified that everything in the building was working according to specifications,” he added. “Although we thoroughly check our building envelope to ensure there is no significant loss of R-value, at the end of the day, our results were a function of optimizing the engineering controls we have in place. This proves that you don’t have to spend a lot to save a lot. Going forward we’ll continue to thoughtfully monitor and update our building data in the Energy Star database so that we can see the effects of our operational efforts.”
Approximately 93% leased, 371 Hoes Lane has a three-story glass atrium with glass elevators, food service, on-site management, freight elevator, attractive landscaping, a covered loading dock and basement storage.
The site is approximately 10 minutes from both the New Jersey Turnpike and Garden State Parkway. Its corporate neighbors include Johnson & Johnson, Hapag Lloyd, Telecordia and American Standard.
Energy use in commercial buildings accounts for nearly 20% of U.S. greenhouse gas emissions, at a cost of more than $100 billion per year. Commercial buildings that earn EPA’s Energy Star must perform in the top 25% of similar buildings nationwide and must be independently verified by a licensed professional engineer or a registered architect. Energy Star certified buildings use an average of 35% less energy and are responsible for 35% less carbon dioxide emissions than typical buildings.
371 Hoes Lane is now included on the Energy Star registry, which documents buildings that are leaders in energy efficiency. Fifteen types of commercial buildings can earn the Energy Star, including office buildings, K-12 schools and retail stores.
About Cassidy Turley
Cassidy Turley is a leading commercial real estate services provider with more than 3,600 professionals in more than 60 offices nationwide. The company represents a wide range of clients—from small businesses to Fortune 500 companies, from local non-profits to major institutions. The firm completed transactions valued at $22 billion in 2011, manages 455 million square feet on behalf of institutional, corporate and private clients and supports more than 28,000 domestic corporate services locations. Cassidy Turley serves owners, investors and tenants with a full spectrum of integrated commercial real estate services—including capital markets, tenant representation, corporate services, project leasing, property management, project and development services, and research and consulting. Cassidy Turley enhances its global service delivery outside of North America through a partnership with GVA, giving clients access to commercial real estate professionals in 65 international markets. Please visit www.cassidyturley.com for more information about Cassidy Turley.