February 12, 2014— KBS REIT II, the building owner, along with Hines, the international real estate firm, announced today that 300 North LaSalle has won the TOBY Earth Award from the Building Owners and Managers Association (BOMA) of Chicago.
The TOBY (The Outstanding Building of the Year) Awards recognize excellence in office building management. The Earth Award goes to a building that has demonstrated initiative in reducing environmental risk, improving indoor air quality, conserving energy and water, green purchasing and other factors, such as recycling, material reuse and occupant education.
“This year’s TOBY Award recipients are truly leaders in their respective categories and demonstrate exemplary management and operations of Chicago’s commercial buildings,” said George Kohl, BOMA/Chicago president. “These office buildings drive our economy, and outstanding property management is essential to ensuring Chicago remains a global center of commerce.”
KBS REIT II purchased 300 North LaSalle in 2010. The tower, developed by Hines, was completed in 2009 and is managed by the firm.
Designed by the internationally recognized firm Pickard Chilton, the 57-story, 1.3 million-square-foot building, located on the north bank of the Chicago River between the River North district and the Central Business District, offers 200 feet of frontage along the river, including an outdoor plaza with seating and a large waterfront café. Rising 775 feet, 300 North LaSalle is among the city’s tallest buildings.
The LEED® Platinum tower is extremely energy efficient with a façade clad in richly articulated glass and stainless steel, maximizing the introduction of daylight and minimizing solar gain. Green features implemented at the property include: river-water intakes for condenser water, which eliminate the need for potable water for cooling and irrigation systems; a recycling program for paper, glass, aluminum and plastic; a green roof to reduce heat island effect; light switches with motion detectors; and low-flow water fixtures throughout the building. Additionally, Hines offers its proprietary GREEN OFFICE for Tenants program, which assists in giving tenants options to reduce their carbon footprint.
300 North LaSalle earned the ENERGY STAR® label in 2010, 2011, 2012 and 2013.
“Receiving the TOBY Earth Award demonstrates to our owners, tenants, prospective tenants and the community that our property is being managed to the highest standard of excellence,” said Hines Vice President–Property Management Lance Knez.
“The BOMA TOBY Earth Award validates our commitment to provide tenants with energy-efficient, cost-effective and productive work spaces,” added KBS Senior Vice President and Asset Manager Brett Mertz.
About KBS REIT II
KBS REIT II is a non-traded REIT sponsored by Capital Advisors, an affiliate of KBS Realty Advisors. KBS is a private equity real estate company and SEC-registered investment advisor founded by Peter Bren and Charles Schreiber, Jr. in 1992. Since its inception, KBS Realty Advisors and its affiliated companies have completed transactional activity of approximately $30 billion via 14 separate accounts, six commingled funds, five sovereign wealth funds and six non-traded REITs.
For information, visit www.kbscapital.com.
Hines is a privately owned real estate firm involved in real estate investment, development and property management worldwide. The firm’s historical and current portfolio of projects that are underway, completed, acquired and managed for third parties includes 1,283 properties representing more than 516 million square feet of office, residential, mixed-use, industrial, hotel, medical and sports facilities, as well as large, master-planned communities and land developments. Currently, Hines manages 378 properties totaling 151.9 million square feet, which includes 84.3 million square feet for third parties. With offices in 111 cities in 18 countries, and controlled assets valued at approximately $25.2 billion, Hines is one of the largest real estate organizations in the world. Hines is also a world leader in sustainable real estate strategies, with extensive experience in LEED, ENERGY STAR, BREEAM, Haute Qualité Environnementale and DGNB green building rating systems.