Adobe And Cushman & Wakefield Honored For Sustainability Initiatives
1 Feb, 2006, San Jose, CA
Cushman & Wakefield Assists in Implementing Cost Saving Energy Related Improvements
Pacific Gas and Electric Company has honored Adobe Systems Inc. and Cushman & Wakefield, property management company for Adobe's headquarters, with an official commendation for the natural resources sustainability initiatives introduced at Adobe's headquarters. The facility is located at 345 Park Avenue in San Jose.
Adobe Towers, comprising three high-rise office buildings and totaling almost one million square feet of space, has been under the management of Cushman & Wakefield for the past six years. In cooperation with Adobe's management, known for its strong commitment to the conservation of natural resources, Cushman & Wakefield's property management team, led by George Denise, began to introduce a series of improvements aimed at energy consumption optimization in the buildings.
The successful implementation of 41 energy and energy-related projects resulted in an annual savings of $1 million from reduced building operating costs and the receipt of $327,000 in incentives from PG&E (Pacific Gas and Electric Company), CPUC (California Public Utilities Commission), and City of San Jose. "This is a great return on investment considering the $1.2 million invested by Adobe in implementing the improvements suggested by our company," says Mr. Denise, Cushman & Wakefield's general manager for The Adobe Towers. "From the environmental standpoint, this project will have a tremendous positive impact on the conservation and sustainability of natural resources, which has been a long-time commitment on the part of Adobe's management."
On behalf of Adobe, Cushman & Wakefield has also applied to the U.S. Green Building Council for the Green Building platinum-level certification of Adobe's headquarters.
The U.S. Green Building Council's LEED (Leadership in Energy and Environmental Design) Building Rating System is a voluntary national standard for high-performance sustainable buildings. In the event of successful certification, The Adobe Towers will be the first property to obtain the "green building" certification in the Existing Buildings category.
The property has already been noted for its environmentally-friendly features. In 2005, it was one of three out of 600 surveyed properties in California to receive the Best Practices Award from Flex Your Power, California's energy efficiency marketing and outreach campaign.
On February 2nd, Cushman & Wakefield and the U.S. Green Building Council are to hold "The Greening of Adobe" presentation to BOMA (Building Owners and Managers Association)-Silicon Valley.
Cushman & Wakefield is the world's largest privately held real estate services firm. Founded in 1917, the firm has 189 offices in 57 countries around the globe, and 11,000+ talented professionals. Cushman & Wakefield delivers integrated solutions by actively advising, implementing and managing on behalf of landlords, tenants, and investors through every stage of the real estate process. These solutions include helping clients to buy, sell, finance, lease, and manage assets. C&W also provides valuation advice, strategic planning and research, portfolio analysis, and site selection and space location assistance, among many other advisory services. To find out more about Cushman & Wakefield, please call 1-800-376-3133.