Measurabl > Case Studies > Nuveen Optimizes Building Performance with Fast Payback Thanks to Measurabl

Nuveen Optimizes Building Performance with Fast Payback Thanks to Measurabl

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Company Size
1,000+
Region
  • America
Country
  • United States
Product
  • Measurabl’s Asset Optimization
Tech Stack
  • Real-time performance monitoring
  • Data centralization
Implementation Scale
  • Enterprise-wide Deployment
Impact Metrics
  • Cost Savings
  • Environmental Impact Reduction
Technology Category
  • Analytics & Modeling - Real Time Analytics
  • Application Infrastructure & Middleware - Data Exchange & Integration
Applicable Functions
  • Facility Management
Use Cases
  • Building Energy Management
  • Energy Management System
Services
  • Data Science Services
About The Customer
Nuveen is one of the top five largest global real estate investment managers, with over 85 years of experience in the field. The company manages $132B in assets, which are spread across more than 1700 investments globally. Nuveen focuses on investing in real estate in cities that are resilient, sustainable, and growing, and has acquired a series of landmark properties with strong sustainability credentials. One such property is 99 High Street in Boston, MA, a 730,000 square foot LEED Gold Certified building that Nuveen added to its portfolio in 2006. The building, which was the BOMA Mid-Atlantic Building of the Year, underwent a transformative renovation that was completed in 2019.
The Challenge
Nuveen, a global real estate investment manager, was looking for ways to further optimize the performance of its properties, particularly 99 High Street in Boston, which had already undergone significant efficiency improvements. The challenge was to find a solution that could provide real-time performance monitoring and optimization without requiring a large upfront investment. The solution also needed to be able to centralize data and provide actionable insights for further improvements. The onset of the COVID-19 pandemic further emphasized the need for such a solution, as it led to an increased focus on ESG performance from both tenants and investors.
The Solution
Nuveen chose to implement Measurabl’s Asset Optimization platform at 99 High Street. The platform leverages existing utility and meter data to provide a holistic view of asset performance. It allows the building team to track data and understand utility usage, leading to ways to optimize the building. The platform was able to provide immediate improvements to the building’s performance, including adjustments to startup schedules. The real-time visibility provided by the platform allows the team to see the impacts of changes in real time, rather than waiting for the ENERGY STAR score to hopefully go up over the course of months and years. The platform also helps validate the initiatives of the retro-commissioning initiative that the building had just embarked on.
Operational Impact
  • The team at 99 High Street was able to make immediate improvements to the building’s performance using Measurabl’s Asset Optimization capabilities.
  • The platform provided the team with a single, holistic view of asset performance, allowing them to track data and understand utility usage.
  • The real-time visibility provided by the platform allows the team to see the impacts of changes in real time, rather than waiting for the ENERGY STAR score to hopefully go up over the course of months and years.
  • The platform also helps validate the initiatives of the retro-commissioning initiative that the building had just embarked on.
Quantitative Benefit
  • Within the first month of having the platform online, the team utilized its Asset Optimization capabilities to identify and take action on no-cost savings measures that reduced their annual electricity bill by 2%.
  • The annualized no-cost savings of 6.7% that 99 High’s team uncovered creates a boost for Nuveen, the 99 High team, and for the businesses that call 99 High home.

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