Oceangate Tower
100 Oceangate
Long Beach, CA 90802
Map It!
Oceangate Tower is located at 100 Oceangate Avenue, Long Beach, California. It has 230,782 square foot of rentable floor area, of which 85.23 percent is occupied. As part of the company's ongoing sustainability program, Oceangate, constructed in 1971, was chosen as a candidate for the installation of a new Energy Management System. The Siemens Energy Management System now controls chiller staging, load shedding, water temperature and lighting fixture timers. As part of this initiative, Oceangate also underwent a wide lighting retrofit program which covered the following:
(1) T-12 light fixtures were replaced with T-8 light fixtures.
(2) Electronic ballasts were installed.
(3) Incandescant exit signs were replaced with LED exit signs.
(4) Occupancy sensors were installed throughout the building to reduce unoccupied energy consumption.
In addition to all the lighting and mechanical upgrades, many no cost/low cost measures were undertaken that reduced our property's overall energy consumption. These included:
(1) Demand side management programs including EMS control to monitor the kW peak demand and monthly review of peak demand.
(2) Reducing simultaneous heating and cooling to a minimum. This has been possible because we have been able to spread the load over time using optimal start strategy and the EMS.
The engineering team at Steelwave LLC recognizes the financial impact of electrical demand charges and, therefore, deploys strategies to reduce the same. By monitoring electrical demand levels and establishing a peak target, the energy management systems are programmed to selectively reset equipment to keep the demand within defined limits while never compromising occupant comfort.
The payback for these initiatives was approximately three and a half years with a marked increase in tenant satisfaction and comfort.
In our continued effort to reduce operating costs, optimum start and stop times have resulted in further reduction of energy. We upgraded our Economizer System in addition to replacing the air handler coils up in the penthouse/roof to both improve efficiency and reduce costs. And in 2012, we retrofitted the stairwell lighting with EE Sensor and dimmable ballast lighting in both the building tower and parking lots (enclosed and open).
As investors and operators with a long-standing presence in our core markets — Northern California, Southern California, Denver and Seattle — Steelwave LLC has been providing high-quality properties to tenants and brokers, and solid returns to investors, for over four decades.
Our specific focus in the western U.S. provides us with economies of scale in acquisitions, development, marketing, leasing, design, construction and management that directly benefit our tenants and our investors. As a vertically integrated operator and manager — our expertise spans acquisition, leasing, marketing, and management, to development, disposition, construction/design and sales — we have the unique ability to make timely, smart decisions to reduce risk, maximize returns, and increase value. We understand our markets intimately because we have been living and working in them for over 46 years. This long-standing presence and stable track record in our core markets gives us unprecedented staying power, and the market savvy to make the most of today’s real estate market. Our stable management team’s synergy is based on having worked together for an average of 25 years, as well as a sharing passion for innovation and excellence. Since 1973, Steelwave LLC has acquired and developed 377 real estate assets, comprising over 69 million square feet of office, life science and industrial product space, at a cost of $9B. We currently manage a 12,300,000 square foot portfolio valued in excess of $2.8 Billion.
Visit our website at www.steelwavellc.com
Communications:
Unavailable
Testimonial:
Unavailable
Please note: Narrative information in this profile has been provided by Legacy Partners I Long Beach, Oceangate, LLC c/o SteelWave, LLC 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:*
Legacy Partners I Long Beach, Oceangate, LLC c/o SteelWave, LLC
Property Manager:*
N/A
Year(s) Labeled (Rating):
1999 (94)
2001 (92)
2002 (97)
2003 (90)
2004 (94)
2008 (96)
2010 (97)
2011 (96)
2012 (96)
2013 (95)
2014 (97)
2015 (97)
2016 (97)
Facility Type: Office
Total Floorspace: 242914 sf
Year Constructed: 1971
Contract Type: None
Technologies Used:
Unavailable