Tag Archives: LEED Silver

Downtown Phoenix Skyline

Phoenix Office Tower Sold for $93.7 Million

Expanding its Phoenix area footprint, San Diego-based Parallel Capital Partners announced that it has acquired One North Central – a 20-story, trophy office building in downtown Phoenix – for $93.75 million. The 410,000-square-foot Class A, LEED Silver, Energy Star-rated tower was acquired from One North Central LLC. Eastdil Secured represented the seller and Parallel represented itself in the deal.

Parallel Capital Partners will invest more than $1.5 million to renovate and upgrade the landmark property – including lobby modernizations, common area upgrades, a new tenant lounge and spec suites. Located on 1.27 acres, the tower was originally constructed in 2001 by Ryan Companies.

Parallel_One North CentralAccording to Matt Root, CEO of Parallel Capital Partners, this latest acquisition furthers his firm’s core mission of acquiring best of class assets in key western markets. “This was a highly attractive investment for us,” he said. “Downtown Phoenix has consistently performed and remains one of the region’s preeminent Class A markets. Additionally, Phoenix is a hub for cultural and arts institutions, higher education, major league sports – with diverse residential options – as well as being one of the fastest growing cities in the nation and home to six Fortune 500 companies.”

Furthering its appeal, the tower has a bold curvilinear design and features large floor plates – up to 30,900 square feet – with minimal interior columns for greater interior design flexibility. The exterior base of the building is clad in sandstone and granite, while the upper floors are sheathed in a copper-tinted glass curtain wall. An above- and below-grade eight-story parking garage can accommodate over 980 cars.

Currently 95 percent leased, the building has an established, long-term tenant base, with anchor tenants including the law offices of Ryley, Carlock and Applewhite, Arizona Summit Law School, Comerica Bank and the Bureau of Land Management.

Parallel has maintained an active presence in the region and currently has 1.2 million square feet of Phoenix office and retail space including City Square in the midtown area.

ASU Parasol

ASU – A SUstainable School

Arizona State University’s campus ahead of the class for sustainable innovation

Sustainability has become a top priority for new architectural developments in Arizona. Architects understand the necessity of sustainably efficient buildings for these changing times.

Not only do these building save money and resources, but pave the future’s way with minimal environmental harm. In other words, sustainable buildings fulfill both short and long-term requirements for the most effective architecture.

Arizona State University’s campus prides itself in sustainable innovation. With accelerated actions and transformative approaches, ASU serves as a representative of what modern architecture should be.

The university runs all campus activities in an environmentally-conscious manner, and achievements are continually recognized as being top of the line.

Every newly constructed ASU building since 2005 has been certified LEED Silver or higher. Currently, the school has 36 LEED Silver or better certified buildings. The Biodesign Institute in Tempe is the first LEED Platinum certified building in Arizona.

“There’s a governor’s executive order that mandates that we install buildings that achieve at least LEED Silver,” says David Brixen, vice president of Facilities Development and Management at ASU. “But in addition to that, our president made the same commitment that it’s our goal for every building to achieve LEED Silver. In many cases, we’ve exceeded that.”

ASU GIOSThe Princeton Review recently named ASU one of the nation’s “greenest” universities, along with giving the highest number of Green Rating tallies. Just 16 other universities obtained this perfect score.

ASU is also ranked in the top 25 of SIERRA magazine’s “Coolest Schools” as one of the greenest campuses in the nation.

Additionally, the university was one of just 22 institutions out of 117 to receive a STARS® Gold rating from the Association for the Advancement of Sustainability in Higher Education (AASHE).

“The most effective and the most important sustainability project on our campus is solarization,” Brixen says.”

Solar panel systems have been installed at various locations on multiple campuses. More than 50 sites now have these solar systems. More than 13 megawatts of systems are currently established, with 16 soon to come as a result of construction on the Polytechnic Campus. The goal is to eventually reach 20 megawatts.

ASU also excels in recycling and waste reduction.

“We have lofty goals in our recycling program as well,” Brixen says. “We have a goal to be ‘zero solid waste’ by 2015. The students will play a major role in going forward and achieving that success.”

Accomplishments range from recycling plans so successful that recycling receptacles are emptied more frequently than trash, to a composting program that turns landscaping waste into useful mulch. ASU dining strives to be sustainable through tray-less meals and recyclable products.

Sustainability is not only a practice at ASU, but a lifestyle.

“We expect all staff members to be active participants in sustainability at work,” Brixen explains.

The Sustainability Literacy Education online program was launched last year. This interactive program is available to everyone in the ASU community. It provides examples of sustainable practices at ASU, the university’s sustainable goals, and how to engage in sustainable support at the school. This program also provides facts on sustainability to employees in order to help them fulfill their yearly work-performance evaluations. Completion certificates have been awarded to 243 employees to date.

ASU understands the importance of sustainable building for the future, and continues to influence other establishments in terms of solar energy innovation. The community benefits from the university’s environmentally-conscious practices.

“When they see it, they’re impressed with how far we’ve come with solar energy,” Brixen said. “We’ve played a significant leadership role in the solar movement in Arizona.”

Brixen hopes to see sustainable attitudes trickle down to the student body, since their influence is imperative to the university’s future. The university’s School of Sustainability is the first in the nation. Here, students earn bachelor’s, master’s and doctoral degrees and apply their knowledge to help global issues.

“Sustainability has been engrained into the university’s culture now,” Brixen says. “It’s important for the university to walk the talk.”

With national recognition for sustainable practices, a School of Sustainability and solar power innovation, ASU has achieved enormous success in keeping up with the environment’s needs. Its goal is to be “carbon neutral” by 2015 — meaning, no waste will be left behind.


Best Industrial Project 2010

Rockefeller Group Distribution Center

Rockefeller Group Distribution Center obtained LEED Silver certification and provides a definitive standard for the design, construction and operation of a green building. It is the first LEED-certified, Class A, 100% concrete spec industrial/distribution center ever developed in Southern Arizona. One major feature of the building’s green design is its 40% performance water use reduction.

Towne Air Freight signed a lease at the property in October 2009, and will consolidate its two existing Tucson locations into 17,711 SF. The facility will provide this particular client a venue to store TSA-certified imported goods until they are inspected and cleared by customs.

Developer: Rockefeller Group Development Corp.
Contractor: Chestnut Construction Corp.
Architect: Lundstrom and Associates
Broker: PICOR Commercial Real Estate Services:
• Robert Glaser & Peter Douglas
Size: 113,546 SF
Location: 6855 S. Lisa Frank Ave., Tucson
Completed: May 2009

Honorable Mention: Spectrum Ridge, Phase I                                                 Best Industrial Project 2010

Developer: Spectrum Ridge OF, LLC
Contractor: Haydon Building Corp.
Architect: Lamb Architects
Size: 68,500 SF
Location: 21025 N. 8th Way, Phoenix
Completed: December 2009

AZRE Red Awards March 2010 | Previous: Best Hospitality Project | Next: Best Office Project