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BENCHMARKING:

KEY TO STAYING

COMPETITIVEC

B Richard Ellis and LaSalle Investment Management are twocompanies that understand the value o investing in energyefficient buildings and have set high standards or theirportolio. When the two began working together in 2006 as the

asset service and management providers or the historic Dexter Hortonbuilding, there was a mutual understanding that they would invest in theupgrades needed to make the building as efficient as possible. By usingthe EPAs ree benchmarking tool,ENERGY STAR Portfolio Manager,

they were able to see how the buildings energy perormance compared tosimilar buildings and knew there was room or improvement.

Making energy-efficiency upgrades have paid off in big way. In just ayears time the Dexter Horton building jumped rom an energy ratingo 60 to 78 and as o 2012 had a rating o 97.

Despite rising energy prices, the buildings utility bills have dropped,as a result o their investment in energy efficiency. Te lower operatingcosts have helped to make the building highly desirable to tenants andenabled it to stay competitive in a tight real estate market.

Dexter Horton Stats:

Address 710 Second Avenue Seattle, WA 98104

Year Built 1924

Size 15-story, 379 thousand sq. f.

ype o Use Office space

Major enantsCorbis, Hornall Anderson Design Works,Collins Woerman, AECOM

BuildingOwnership

LaSalle Investment Management

Building Services CB Richard Ellis

Since 2007, per tenant electric consumption in the

Dexter Horton building has been reduced by 34%*.

The building has also earned:

ENERGY STAR certication LEED-EBOM Gold certication

Energy savings continued on back4

Dexter Horton Buildi

Seattle, W

The more aware yoare of your buildingenergy use and wor

to reign in energwaste today, th

better positioneyoull be in the futuras energy cost

continue to ris

By benchmarkinthe Dexter Hortobuilding and makin

energy efcienc

improvements, we arable to compete witbuildings that are 6

years youngeCB Richard Ellis (Seatt

*As o 2011.

http://www.energystar.gov/index.cfm?c=evaluate_performance.bus_portfoliomanagerhttp://www.energystar.gov/index.cfm?c=evaluate_performance.bus_portfoliomanagerhttp://www.energystar.gov/index.cfm?c=evaluate_performance.bus_portfoliomanagerhttp://www.energystar.gov/index.cfm?c=evaluate_performance.bus_portfoliomanager

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Let the Energy Savings Continue:

For more information on rebates and other nancialassistance for energy upgrades to buildings, visit yourlocal utility website:

Seattle City Light: seattle.gov/light/conserve/business Seattle Steam: seattlesteam.com Puget Sound Energy: pse.com/savingsandenergycenter

Visit the City of Seattle website to learn moreabout the citys benchmarking policy and how to getstarted: seattle.gov/energybenchmarking.

Questions? Email energydisclosure@seattle.gov

GET STARTED

SAVINGTODAY:

o determine what improvements made themost sense or the Dexter Horton building,CB Richard Ellis perormed a ull energyaudit. Teir approach was to first tackle the

low- and no-cost measures, which would quicklybegin adding dollars back to the bottom line.

Tey also developed a long-range plan, which tookenergy savings a step urther and invested in measureswith a higher initial cost but significant savingspotential. Most improvements made to the DexterHorton building were generating net savings withinthree years.

Some o the measures perormed to date include:

Stairwell lighting retrot Elevator lobby retrot Cooling tower variable frequency drive installation

Once energy-efficiency measures are paid or, theycontinue to save money or years to come. Fortunately,CB Richard Ellis was able offset some o the initial cost othese measures and quicken the payback period by usingutility rebates. In total, they obtained more than $30,000rom Seattle City Light or the ollowing:

Lighting retrots Variable frequency drives

Since Dexter Horton is a historic building, CBRichard Ellis had to ollow certain guidelines that

do not apply to all buildings. However, that has nothindered their ability to improve energy perormance.Tey continue to raise the energy-savings bar andare even considering making the switch to daytimecleaning to conserve energy at night.

Get a leg up on the competition and benchmark your building

today using the EPAs free benchmarking tool.

Investment vs. savings or 3 energy-efficiency measuresimplemented at the Dexter Horton building.

* Used over $30,000 in rebates from Seattle City Light

Energy Upgrades: Investment vs. Savings

Owners of all commercial and multifamily buildings 20,000 sq. ft.

or larger are required to annually benchmark and report energy

performance to the City of Seattle.

Tis operational change would require no initialinvestment and immediately begin improving thebottom line.

http://www.seattle.gov/light/conserve/businesshttp://www.seattlesteam.com/http://www.pse.com/savingsandenergycenterhttp://www.seattle.gov/energybenchmarkingmailto:energydisclosure@seattle.govhttp://www.seattle.gov/energybenchmarkingmailto:energydisclosure@seattle.govhttp://www.pse.com/savingsandenergycenterhttp://www.seattlesteam.com/http://www.seattle.gov/light/conserve/business