SANTA MONICA, Calif. — Macerich and BRE America announced The Oaks in Thousand Oaks, California, as the country’s first Building Research Establishment Environmental Assessment Methodology (BREEAM) USA In-Use-certified building.

The designation was highlighted at the annual BREEAM Awards ceremony in London.

The BREEAM rating system has a 25-year track record of driving efficiency improvements in new and existing buildings around the world. The BREEAM USA In-Use standard is designed to address the 5.6 million pre-existing nonresidential structures in the U.S. that are not currently able to benchmark sustainability efforts using a scientifically based green building certification.

“Macerich is a proven industry leader in sustainability not only when it comes to new buildings but also in terms of how we update, modernize, and operate our well-placed, established retail properties in top markets,” said Jeff Bedell, vice president, sustainability, Macerich. “Measuring existing projects against strong environmental standards, such as BREEAM, confirms our integrated sustainability efforts are delivering results at the highest levels.”

In partnership with Macerich, RealFoundations and building auditor Healthy Buildings implemented the BREEAM In-Use standard at The Oaks. Looking ahead, Macerich plans to work with Healthy Buildings to certify other properties in the portfolio.

Macerich chose to pilot the BREEAM In-Use program at The Oaks, the company’s high-performing, 1.3 million-square-foot property anchored by Nordstrom, Macy’s, JC Penney, Muvico Theatres, and Dick’s Sporting Goods.

“With its clear dedication to sustainability in commercial real estate, it makes perfect sense that Macerich would have the first BREEAM USA In-Use certified building in the U.S.,” said Barry Giles, CEO, BRE America. “We look forward to bringing the BREEAM USA In-Use registration and certification to properties across the country, because any building, no matter the size, age, or performance level, benefits greatly from measuring and monitoring its environmental performance.”

Publication date: 3/27/2017

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