Under Kennedy Wilson management, ARAMARK Tower’s office component has been 100% leased since 1998, and the building is considered a leader in greater Philadelphia for its use of technology to achieve ongoing energy efficiencies.
With 90% of the office tower comprised of two major tenants, ARAMARK Tower experiences a tremendous amount of interfloor elevator traffic. With two banks of six elevators each, vertical transportation and elevator performance is of paramount concern. A full time elevator mechanic helped to ensure optimal performance and tenant satisfaction, but the associated cost, coupled with tenant expansions, was placing an increasing burden on the property.
As a solution, in 2004, ARAMARK Tower became the first office building in Philadelphia to install destination-based dispatching technology. This technology has improved overall system performance, with a 35-45% improvement in destination times, and reduced maintenance costs by 50%, allowing the property owner to recover a portion of its investment. As an added benefit, involving the building’s major tenant in the selection process was instrumental in helping to secure a 309,000 square foot lease renewal.
Additionally, ARAMARK Tower was among an exclusive group of twelve buildings that received the Energy Star designation in 2009 from the U.S. Environmental Protection Agency (EPA). The Energy Star designation acknowledges that ARAMARK Tower meets the following conditions:
- Energy performance in the top 25% of similar existing buildings;
- Thermal comfort in accordance with standards set by the American Society of Heating, Refrigerating, and Air-Conditioning Engineers (ASHRAE);
- Indoor air quality in accordance with the provisions of ASHRAE Standard 62, Ventilation for Acceptable Indoor Air Quality; and
- Illuminance levels in accordance with the Illuminating Engineering Society of North America (IESNA) Lighting Handbook.
Kennedy Wilson has reduced the annual kilowatt hours consumed at ARAMARK Tower by more than 3.5 million kilowatt hours. Since 2008, the energy conservation measures at ARAMARK Tower represent an annualized savings of approximately $332,000, accomplished through increasing the efficiency of the heating and cooling systems for the building through sequence modifications, the installation of dimming technologies and integrated motion sensors in the building’s bathrooms and stairwells, and the replacement of halogen lighting in the lobby with LED technology. A number of ARAMARK Tower tenants have joined the energy conservation effort through lighting retrofits and other energy-saving strategies. The property team is continuing its building-wide efforts by working towards LEED certification.