Chicago & Midwest CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

Chicago & Midwest  + Downtown  + Office  | 
Syska Hennessy and Third Millennium Launch Holistic Auditing Service

Syska Hennessy and Third Millennium Launch Holistic Auditing Service

Engineering firm Syska Hennessy Group and real estate owner Third Millennium Group  have launched a holistic auditing program that measures four aspects of building performance: indoor air quality, building automation systems and telecommunications infrastructure, sustainability, and execution  .  

Syska’s auditing team comprises experts in building automation systems, sustainability, and facilities management. The team conducted inaugural audits at two Third Millennium commercial properties in Chicago’s West Loop: 540 West Madison and 300 South Riverside. Third Millennium, which shared the resulting “scorecards” with tenants, plans to repeat the process with Syska every year. 

“Third Millennium understands that in today’s competitive leasing environment, tenants care about multiple components of building performance; not just energy efficiency or technology,” said Syska associate partner Tom Grimard. “A LEED, WiredScore or WELL certification on its own is no longer sufficient to sway leasing decisions.” 

Celeste Villanueva, general manager at Third Millennium, said, “Now we have a scorecard to show tenants and investors, and a spreadsheet that guides our progress. Although we aced the test, we want to continue the momentum.” 

Connect

Inside The Story

Third Millennium

About Ted Jackson

A highly successful financial journalist, corporate financial writer and magazine entrepreneur with strong expertise in writing on fixed income and pass-through securities (ABS), finance and banking, the economy, economic developments, financial markets, investing and personal finance, the business of behavioral healthcare and more.

  • ◦Development
Money360-15-cube