Oct. 22, 2009 (PR Newswire) --
WASHINGTON, Oct. 22 /PRNewswire/ -- The Tower Companies (towercompanies.com) and The Lenkin Company (lenkin.com) announced today that Philips Electronics North America (philips.com/newscenter) has signed a 10-year, 6,629 RSF lease at 1050 K Street, (1050kstreet.com), a 136,000 SF U.S. Green Building Council LEED® Gold certified commercial and retail office building. The 11-story jewel-box design by Hickok Cole incorporates the natural elements of air, water, earth and light with features such as a sky garden, with exquisite views of the City, a fitness center and private art galleries.
(Photo: http://www.newscom.com/cgi-bin/prnh/20091022/DC96998 )
Philips is a diversified Health and Well-being Company and a market leader in cardiac care, acute care and home healthcare, energy efficient lighting solutions and new lighting applications, as well as lifestyle products such as flat TV, male shaving and grooming, portable entertainment and oral healthcare.
Philips is committed to reducing its environmental footprint in all aspects of its business: in the products, manufacturing, and procurement, as well as in the communities where the company acts and in the working practices of its employees.
The Philips deal compliments the high caliber tenant roster that includes Knoll, Shell Oil, Glaxo Smith Kline, Baker Daniels, and The Shaw Group. They are expected to move-in early 2010.
Trip Howell and Amy Bowser of Jones Lang LaSalle represented Philips Electronics, while Randell C. Harrell, Executive Vice President, Brokerage Services; CB Richard Ellis represented the owners.
About 1050 K Street
1050 K Street, which is conveniently located near public transportation and the Walter E. Washington Convention Center, was previously a paved parking lot which was replaced with a building capable of retaining its own storm water and that of its site while using the storm water for irrigation of the street planters and the green roof. The collected storm water is distributed on the site by means of a bio-retention system. The building features the latest green technology, efficient water use, fresh indoor air, 100% wind power, and maximized use of daylight. The building reduces tenants' carbon footprint, is 26% more energy efficient than ASHRAE 90.1 standards, saves 2 million gallons of water yearly, removes 85% of airborne pollutants, and replaces 100% of the air every 51 minutes. The design incorporates a heat recovery wheel, which captures embodied energy in the exhaust air, which would normally be wasted, and allows it to be used to pre-treat the incoming supply air.
