Insight

LPL Financial Celebrates the Opening of its Sustainable Office Tower in San Diego

Tower II at La Jolla Commons is Believed to Be Nation's Largest Net Zero Energy Building; Houses More Than 1,600 Employees

April 2, 2014

LPL Financial LLC, the nation’s largest independent broker-dealer, an RIA custodian, and a wholly-owned subsidiary of LPL Financial Holdings Inc., today celebrated the opening of its new San Diego headquarters, Tower II at La Jolla Commons, which is believed to be the largest net-zero energy commercial office building in the United States. In the weeks leading up to the office’s opening, more than 1,600 LPL Financial employees from seven office buildings in La Jolla moved to the La Jolla Commons facility.

The 13-story, 415,000-square-foot office tower demonstrates LPL Financial’s commitment to sustainability and social responsibility by incorporating among the most sophisticated available green technologies and health and wellness benefits for its employees in its office design. The tower utilizes three fuel cells to convert biogas into carbon-neutral electricity that will allow the building to achieve net-zero energy status. In order to monitor and manage the tower’s reduced energy consumption, energy meters are located throughout the building, and all surplus power is pushed back to the grid through San Diego Gas & Electric. In addition, the tower is furnished with LED lights that feature automatic dimming capabilities based on the degree of available natural light, as well as occupancy sensors that turn lights off by detecting unoccupied offices.

Eighty-eight percent of the tower’s water consumption, nearly 2.5 million gallons annually, is recycled and used for irrigation and other building needs. Employee-focused sustainability programs encourage employees to recycle, compost and carpool. On-site charging stations for electric vehicles are also available for employee use at no cost.

Employee comfort and productivity was also a top priority for LPL Financial when designing the tower. With the help of ergonomists, customized furniture was designed to be easily adjusted with the touch of a button to accommodate various work styles. An under-floor air-distribution system with diffusers allows employees to control the flow of air into their individual workspaces.

In addition to these sustainable and ergonomic features, Tower II at La Jolla Commons also offers a number of employee amenities, including an on-site health and fitness center with a certified wellness manager and a cafeteria featuring healthy food options.

"At LPL Financial, we are ambitiously working to be an employer of choice. As part of this commitment, we knew that our work environment needed to make an investment both in our employees and in the San Diego community. We saw designing this state-of-the-art building as core to enhancing the productivity, capabilities and well-being of our employees, which in turn allows us to better serve our clients,” said Mark Casady, chairman and CEO of LPL Financial. “By bringing employees together in this beautiful and inspiring workspace, we are ushering in a new era of collaboration and innovation that we believe will yield benefits not only for employees but also for the clients we serve.”

“Utilizing advances in technology to create efficiencies is at the heart of what LPL Financial provides for its advisors and institutional clients, and it is only fitting that we adopted the same approach in designing our new office tower. LPL Financial would like to thank Hines, J. P. Morgan Asset Management, Cresa, Gensler, Whiting Turner, WSP, San Diego Gas & Electric, GE Lighting, and Bloom Energy for their partnership as we worked together to create what we believe is the largest net-zero energy commercial office building in the country. Leveraging technology and advanced materials to minimize our impact on the environment, while creating a positive work environment for our employees, is consistent with our values as a firm and indicative of our strong commitment to being a socially responsible corporate citizen,” Casady added.

Hines Senior Managing Director Paul Twardowski said, “It was a pleasure collaborating with LPL Financial to push the sustainability envelope. Such collaboration has resulted in an extremely effective business solution that we are confident will bring significant value to LPL Financial investors, clients and employees for years to come.”

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