Business Facilities - June 2008 - (Page 12)

COVER STORY The Greening of America This 1 million-square-foot LEED-registered building at Stirling Capital Investments' Southern California Logistics Centre is part of a 60 million-square-foot development designed to meet sustainable building practices recommended by the U.S. Green Building Council. You can’t just ignore it if enough people say they want it.” Madden is nearing completion on Palazzo Verdi, a 15-story office building in Denver that is expected to receive LEED gold certification, and has received approval for phase one of the Madden Research Loop in Fort Myers, FL. The Florida project is being designed for LEED certification and will include 275,000 square feet of office and lab space in multiple buildings for bioscience and research technology. Madden has budgeted $80 million for the first phase, with 4% of that paying for components to achieve LEED certification. Stirling Capital Investments, which is building 60 million square feet of commercial and industrial 12 JUNE 2008 space at the Southern California Logistics Centre in Victorville, CA, has registered the project with the USGBC and plans to meet LEED standards. The future warehousing and logistics operation would become the first project-wide development in the High Desert region to be certified. Brian Parno, vice president, says the company, which is a joint venture between Stirling and DCT Industrial Trust Inc., is working closely with a LEED consultant and has integrated the required components from the start of the architectural planning process to help control costs. The company has a department monitoring design and construction to ensure that LEED is achieved. Implementing LEED is adding about 1% to the project’s budget, says Parno, noting that while this amounts to a sizable sum in a project with overall costs “in the hundreds of millions,” the decision to pursue sustainable design and building practices was a relatively easy one to make. “We have a long-term project. We want to attract the best companies in the world. Most of those companies are going in this direction themselves in their businesses, so it’s part of the overall marketing platform,” Parno says. “If we’re going to lead and attract those people, we have to have a project that lines up with their values.” Parno also has found that most prospective tenants now take into PHOTO CREDIT: STIRLING CAPITAL INVESTMENTS

Table of Contents Feed for the Digital Edition of Business Facilities - June 2008

Business Facilities - June 2008 Contents First Word Snapshots Metro Spotlight: Austin, TX The Greening of America Winds of Change in the Berkshires Hot Logistics Locales Metro Spotlight: New Mexico Borderplex Hollywood on the Louisiana Bayou Idaho: Gem State's Economy is Glittering Mayor's Reports New Brunswick, Canada's Export Leader Virginia: Where Business and Fun Come Together How Green Is Your Site? Maine's New Maritime Marketing Message Corporate Moves: Alabama Advertiser Index Ask the Expert

Business Facilities - June 2008

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