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ENERGY STAR Labeled Building Profile

1950 University Avenue
1950 University Avenue
East Palo Alto, CA 94303
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The 1950 University Avenue building is a six-story, Class A office property located in East Palo Alto, California. The building, constructed in 2003, is managed by Wells Real Estate and is a property of Wells Real Estate Funds (Wells), a national purchaser and manager of Class A office buildings across the United States. As an ENERGY STAR partner, Wells is committed to continuously improving its sustainable practices to create exceptional environments for tenants.

The building is part of a three-asset property known as University Circle. Because this property offers an underground garage facility that operates 24 hours daily, Wells undertook extensive research to identify lighting alternatives that could offer greater efficiencies and lower operating costs without compromising lighting output. In July 2009, Wells installed a lighting retrofit of 397 lighting fixtures that met this objective. This installation reduced annual kWh by 60 percentĀ and reduced annual electrical expense for the lighting from $95,000 to $28,000. Additionally, the local utility provider, PG&E, provided a rebate of $27,000 at the time of installation. This was accomplished with a return on investment (ROI) of 1.69 years, and the anticipated savings (E&M) is $822,460 over the next 10 years. It is this type of energy management that has resulted in the building earning the ENERGY STAR for superior energy performance in 2007, 2008, and 2009.

Communications:

Unavailable

Testimonial:

Unavailable


Please note: Narrative information in this profile has been provided by Columbia Property Trust or a representative of this facility. Other building information was verified and submitted to EPA at the time of application. Building energy performance, operating characteristics, and ownership/management may be subject to change over time.

Building Owner:*
Columbia Property Trust

Property Manager:*
N/A

Year(s) Labeled (Rating):
2007 (84)
2008 (85)
2009 (92)
2011 (90)
2012 (87)
2013 (93)
2014 (84)

Facility Type: Office

Total Floorspace: 175590 sf

Year Constructed: 2000

Contract Type: None

Technologies Used:
Unavailable

For More Info:
David Petroff
Senior Property Manager
East Palo Alto, CA 94303
650.324.3805
david.petroff@wellsref.com