2211 Michelson Drive: LEED-CS Tenant Cites Green Design as Basis for HQ Relocation

2211 Michelson Drive, the first LEED for Core and Shell (“LEED-CS”) building Precertified in California by USGBC, recently added a new tenant to its roster which commented that green design played a strong role in its decision to relocate its corporate headquarters to the Irvine office tower. Developed jointly by Hines and Crescent Real Estate [...]

2211 Michelson Drive, the first LEED for Core and Shell (“LEED-CS”) building Precertified in California by USGBC, recently added a new tenant to its roster which commented that green design played a strong role in its decision to relocate its corporate headquarters to the Irvine office tower.

Developed jointly by Hines and Crescent Real Estate Equities, the twelve-story, 266,000 square foot Class A property recently inked the Bixby Land Co., a private investment and development REIT, for 10,500 square feet of space. According to Globe St., CEO Bill Halford stated that “the sustainable design of 2211 Michelson was one of the factors in [Bixby's] decision to move its headquarters to the new Irvine building” from Newport Beach sometime this summer. Bixby joins Wachovia, which already signed a lease for the entire second floor (25,400 square feet) and will locate its regional headquarters therein.

LEED-CS refers to USGBC’s rating system for sustainable core and shell construction, which generally encompasses base building elements (i.e., structure, envelope, and MEP systems). On many commercial projects, separate contractors will execute core and shell and the interior fit out of the tenant-occupied floors. The LEED for Commercial Interiors (LEED-CI) rating system is meant to complement LEED-CS in this context. LEED-CS Precertification is unique to the core and shell rating system; it allows registered projects to receive formal recognition from USGBC early during the design stage in order to assist commercial owners in marketing their buildings (many of which are speculative). If Mr. Halford’s comments are any indication (and I’m still looking for exactly what he told Globe St.), Precertification seems to have been an effective tool for Hines out at 2211 Michelson.

about gbNYC

gbNYC is a multi-disciplinary consulting and real estate services firm. In addition to representing office tenants and commercial buyers in leasing and acquisitions, we also provide innovative consulting solutions from a unique, green building perspective. We advise on green building financial incentives, comment on proposed green building marketing strategies, author white papers, treatises, and market analyses, organize seminars on the LEED process and professional accreditation, and provide advice and analysis on green building risk management and the overall state of green real estate, leasing, and construction, in New York City and beyond.

Our blog, the gbNYC+ journal of real estate, law, + sustainability, delivers consistent, original content - from a New York City perspective - on how technology, data, and sustainability are changing how we interact with our built environment. Subscribe below and receive new articles as they're published or connect with our social media presence to join our ongoing conversation about real estate and sustainability, in the Big Apple and beyond. Contact us at (201) 835-8530 or info@gbNYC.com for more information about our services and to discuss how we can assist you.

One Response to 2211 Michelson Drive: LEED-CS Tenant Cites Green Design as Basis for HQ Relocation

  1. Wayne Cobleigh Thursday, June 7, 2007 at 5:48 pm #

    Correction on the Yale New Have Hospital LEED story: GZA GeoEnvironmental, Inc. is the Geotechnical Engineer on the project team. The Environmental Consultant was Tighe & Bond, Inc.