LEED is the most widely used green building rating system in the world, launched to encourage sustainable construction designs and to provide recognition and verification for a building or neighborhood’s green features. This rating system is a credit-based system used to evaluate the environmental performance and sustainability of a building using a point based system. 171 17th Street was awarded the maximum 81 points allotted on the scorecard.
The property is known for being the first LEED Silver Core & Shell-certified building to be constructed in the world. Currently, the property is one of seven buildings in the Atlanta market to have achieved this Platinum level of recognition. Onsite “green” amenities at the property include EV car charging stations and bike storage.
“Our team has worked tirelessly with the Sustainable Energy Group to track our construction and tenant efforts toward a more sustainable workplace environment,” said Allen Aldridge, senior vice president at KBS and asset manager for the property. “We are proud to receive this award and honored to be considered among the highest ranking sustainable buildings.”
This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements relating to KBS REIT III’s ability to invest in and manage a diverse portfolio, and the performance of 171 17th Street and of the Atlanta real estate market. These statements are subject to known and unknown risks, uncertainties and other factors which may cause KBS REIT III’s and/or 171 17th Street’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.