Newly-Built North Tower at Coral Gables' 396 Alhambra Office & Retail Complex Earns LEED Gold Certification

163,000 SF Class A tower becomes Coral Gables' first newly-constructed LEED Gold office building. End Quote

Miami, FL (1888PressRelease) November 27, 2012 - The 163,000 square foot North Tower at 396 Alhambra has been awarded LEED Gold certification by the U.S. Green Building Council (USGBC). 396 Alhambra, a new mixed-use office and retail development in Coral Gables developed by Agave Holdings, LLC, becomes the first Coral Gables building to achieve LEED Gold status in the Core and Shell category, which applies to new construction. LEED (Leadership in Energy and Environmental Design) is the nation's preeminent program for the design, construction and operation of high performance green buildings.

"396 Alhambra's distinction as Coral Gables' first newly-built LEED certified office complex raises the bar for commercial development in one of Florida's most desirable submarkets," said Brian Gitlin of Agave Holdings, LLC, who oversaw the certification process on behalf of the building's ownership. "The North Tower's design strikes a balance between Coral Gables' renowned Mediterranean style and modern sustainability."

News of the LEED Gold certification comes as 396 Alhambra's tenant roster fills up with multinational and entrepreneurial users, including HBO Latin America, Millicom International Services, law firm Richman Greer, Banco Pichincha, CitiBank NA, architecture and design firm RTKL Associates and others. All told, the building is approximately 55% leased.

"Coral Gables has long been a hub for international business and finance activity, and 396 Alhambra is the premier and most sought-after address within this market," says Tere Blanca, President and CEO of Blanca Commercial Real Estate, the building's exclusive leasing agent. "With more and more companies, corporate and entrepreneurial alike, placing an emphasis on sustainable workplaces, this LEED Gold certification sets 396 Alhambra apart from all other buildings in the Coral Gables market."

396 Alhambra features a range of efficient strategies and technologies that enhance the health and productivity of its tenants while reducing waste and promoting sustainability:
• Energy efficiency: The tower saves over 14% more energy than a standard new office building of the same size.
• Water system efficiency: The tower saves over 40% more energy than a standard new office building of the same size.
• The project includes a storm water management system to limit water pollution.
• The use of public transportation - including the Coral Gables trolley - is encouraged and preferred parking spaces are allocated for low-emission, fuel-efficient vehicles.
• The project includes a refrigeration management system limiting gasses that contribute to ozone depletion and global warming.
• Approximately 80% of the project's construction waste was recycled, with 24% of all materials coming from sources within 500 miles of the building site.
• Building operations use environmentally-friendly cleaning and pest control products.

The project's LEED Gold North Tower is adjacent to a fully-renovated, state-of-the-art 85,000 square foot South Tower, which is designed to achieve LEED Silver certification.

Designed by Miami-based architectural firm The Fullerton Group and constructed by Balfour Beatty, 396 Alhambra boasts Spanish-influenced architecture and top-quality building materials, including marble from the original quarry for the Alhambra palace in Spain. The Spinnaker Group, which served as the Commissioning Agent, worked with the building's ownership to achieve the LEED certification.

396 Alhambra offers spectacular views and flexible floor plates ranging from 8,950 to 31,000 square feet. Amenities include secure, ample covered parking in an eight-story parking garage, valet parking, concierge service, 24-hour security with card-key access, an on-site Citibank branch, 34,000 square feet of prime restaurant and retail space and a beautifully landscaped outdoor terrace and courtyard for the enjoyment of all tenants.

Learn more at www.396alhambra.com. For leasing information, please contact Danet Linares or Andres del Corral of Blanca Commercial Real Estate at (305) 577-8850.

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