October 6, 2011

Meidh Goes Platinum

Meidh Corporation joined an elite consultancy group on Wednesday when  their project, Montgomery Washington Tower in San Francisco, California, achieved LEED Platinum for Existing Buildings.  LEED platinum is the United States Green Building Council’s highest award for sustainability, with only 5% of properties attaining this certification level.  Montgomery Washington Tower is a property that is owned by Principal Real Estate Investors’ Green Fund  and managed by Lincoln Property Company.The LEED Platinum certification clearly identifies the commitment Principal Real Estate Investors, a company of The Principal, has made towards sustainability.  The designation also demonstrates how much money can be saved through effective sustainable operations.

“It’s nice to be part of a great team we have here,” comments Nathan Stahl, Lincoln Property Company Chief Engineer for Montgomery Washington Tower.  “Even with the warm weather we have had in San Francisco recently we have only had to run the chiller for 63 hours this year.”

The associated reductions in energy usage have already had significant, positive impacts on the bottom line.

“The increase in operational efficiency seen at this property will be worth more than $300,000 over the next fifteen years,” says Meidh President and Project Manager Kathy Draper.  “These operations driven energy reductions are one of the best investments a property can make in this challenging economic environment.”

With more than four projects currently undergoing USGBC review, Meidh is expecting a wave of similar successes before the end of the year.  “We’re excited by what we have achieved and what is in the pipeline,” says Chris Draper, Meidh CEO.  “The future is looking bright.”

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