Sustainable Design Helps Seal Deal for New Office Lease in Los Angeles County
In a clear sign that green buildings play a critical role in site selection and lease negotiations, Advanced Bionics, a manufacturer of cochlear implants for people with profound hearing loss, has agreed to take 146,385 square feet at Summit Oaks, a newly constructed Class-A office building in Santa Clarita, Calif., that has earned LEED Silver certification. The 10-year deal is the largest new office lease in Los Angeles County so far this year.
The five-story building is in a prime location at the entrance to Valencia Gateway, Los Angeles County’s largest master-planned development for business technology and industry. Advanced Bionics will take the entire space. The company is consolidating two locations into the new space and will begin the move-in process during the third quarter of this year.
“Employee retention and attraction are important to us,” says Jeff Greiner, president of Advanced Bionics. “When you factor together the location aspects, the surrounding amenities of the Valencia community, and the high-quality design features and sustainable initiatives found within Summit Oaks, we’ve got a great location that will be an immense benefit to helping us recruit the best and the brightest,” he adds.
The sustainable features of the Summit Oaks office building that helped it earn LEED Silver certification include a cool roofing system, eco-friendly HVAC and refrigerant equipment, plus locally processed and manufactured building materials along with recycled materials used in the building structure. In addition, the state-of-the-art property provides an on-site storm water drainage filtration system to manage storm water runoff and comes complete with water-efficient, drought-tolerant indigenous landscaping.
The property was developed through a partnership between Aliso Viejo, Calif.-based Parker Properties, which specializes in campus developments and master-planned communities, and Dexus Group, an Australia-based owner, developer, and manager of office, industrial, and retail properties.