San Francisco-based real estate private equity firm The Roxborough Group announced the completion of its green conversion project in the Seattle submarket of Kirkland. The firm’s Kirkland 405 Corporate Center campus is now the first net-zero carbon operations office property in the Kirkland submarket, as well as the first net-zero carbon operations office campus in the Roxborough portfolio.
“Delivering carbon-free building operations is one critical way that we can work with our tenants to help them achieve their business goals of attracting talent and managing their own carbon impact,” said Josh Callahan, managing director at The Roxborough Group. “The transition to all-electric renewable power further adds to K405’s first-class offering of light-filled, convenient and flexible office space. We look forward to sharing that story with the tenant and broker community.”
Kirkland 405 Corporate Center is on a select list of commercial customers that Puget Sound Energy converted to 100% renewable energy power. As part of the utility company’s Green Power program, heating and cooling are now delivered throughout the building via all-electric equipment, reducing CO2 emissions by an estimated 1.9 million pounds per year.
The Green Power program divests from coal- and natural gas-generated electricity — which accounts for roughly half of the company’s typical mix — with predominantly wind- and solar-based energy production. At the time of the announcement, only about 8% of Puget Sound Energy customers had enrolled in the program.
“Seeing commercial property owners like Roxborough lead the way is particularly satisfying,” said Leslie Myers, Puget Sound Energy product manager. “It confirms that our products help customers reach sustainability goals and it expands the number of people who get access to renewable energy just by going to the office every day.”
Located in the Totem Lake neighborhood, the campus benefits from convenient access to the nearby Interstate 405 interchange and offers ample parking. Incorporating nearly 130,000 square feet of premium Seattle office space, buildings A1 and A2 feature floor plates of roughly 22,500 square feet and are home to leading technology tenants such as Universal Avionics, Lowe’s Innovation Center and TSRI.
Joe Lynch and Dan Harden of Newmark offer leasing representation, while CBRE is onboard for property management.