1 North Dearborn Earns Prestigious Two-Star Fitwel Certification
CHICAGO, IL | October 27, 2022
Beacon Capital Partners and MB Real Estate (MBRE) announced that 1 North Dearborn, a 17-story, 963,000-square-foot office building in Chicago’s central business district, received Fitwel certification in recognition of its commitment to creating a healthy and sustainable workplace. The building is now one of only seven in Chicago to earn the two-star Fitwel.
1 North Dearborn scored particularly high ratings in the indoor environment and outdoor spaces categories. Fitwell recognized 1 North Dearborn as one of a small group of Chicago office buildings actively aiding in the occupational health and well-being of occupants.
“We are honored that 1 North Dearborn received the Fitwel two-star certification, and proud to share this recognition with our exceptional property management team at MBRE,” said Greg O’Neal, Managing Director, Beacon Capital Partners. “We are committed to making sure our distinctive workplaces promote the health and well-being of our tenants.”
In 2020, 1 North Dearborn won the international competition for The Outstanding Building of the Year (TOBY) Award in the renovated building category from the Building Owners and Managers Association (BOMA). The property features expansive floorplates for open office layouts, massive windows for abundant natural daylight and breathtaking skyline views. Extensive infrastructure improvements have enhanced building operations, energy efficiency and tenant comfort. The building is LEED ® Gold Certified and is ENERGY STAR® certified.
“The MBRE management team's seamless collaboration with Beacon Capital Partners has always been rewarding,” said Michael Graham, MBRE's SVP & General Manager at 1 North Dearborn. “We all recognize that Fitwell is a rigorous healthy-building certification system operated by CfAD that sets the industry standard for promoting positive health outcomes for building occupants and communities. Earning Fitwel’s two-star certification is recognition of our goals and firm commitment to serving a best-in-class building.”
Beacon Capital Partners earned the Fitwel Best in Building Health Awards® in multiple categories in 2021. Beacon was also named a Fitwel Champion in 2020 as a building owner committed to using Fitwel at a portfolio scale. Beacon has completed certifications of 18 properties to date and is committed to certifying seven additional buildings by the end of 2022.
Fitwel is the world's leading certification system committed to building health for all. Generated by expert analysis of 5,600+ academic research studies, Fitwel is implementing a vision for a healthier future where all buildings and communities are enhanced to strengthen health and well-being. Fitwel was originally created by the U.S. Centers for Disease Control (CDC) and Prevention and U.S. General Services Administration. The CDC remains the research and evaluation partner for Fitwel. The Center for Active Design (CfAD), a global not-for-profit organization, maintains the Fitwel standard and conducts objective third-party assessments that lead to certified projects. CfAD's new business unit, Adai (pronounced "a-DAY"), is charged with expanding Fitwel to the global market, administering the program while providing best-in-class customer service and technical support. To learn more about Fitwel, please visit: www.fitwel.org.
About Beacon Capital Partners
Beacon Capital Partners is a private real estate investment firm with a 75-year legacy of successful real estate development, ownership, and management. Beacon invests in high-quality office and life science properties in core markets with highly educated workforces. Beacon has refined a proprietary investment sourcing model and developed a robust operating platform to transform properties into distinctive workplaces that attract today's tenants. This hands-on approach transforms properties through innovative design, state-of-the-art connectivity, modern amenities, risk management, and award-winning sustainability initiatives. From Fortune 100 firms to the leading innovative and growth companies, Beacon’s tenants are proud to call its distinctive workplaces home. Beacon is headquartered in Boston with offices in Chicago, Los Angeles, Denver, New York, San Francisco, Seattle, and Washington, D.C.
Beacon has raised nine investment vehicles as well as multiple joint ventures and co-investments totaling over $19 billion in equity since 1998 from a diverse investor group including endowments, foundations, public, private, and foreign pension funds, financial institutions, and sovereign wealth funds. This equity has fueled over 205 office and life science investments with a projected total value of $49 billion (including leverage and JV partner equity). Through its funds and joint ventures, Beacon currently owns approximately 28 million square feet of office properties either under management or development.
For more information, visit www.beaconcapital.com.