Brandywine Realty Trust (NYSE: BDN) announced today that it has earned three U.S. Environmental Protection Agency (EPA) Energy Star labels for its One Logan Square, Philadelphia, Pennsylvania, 630 Freedom Business Center Drive, King of Prussia, Pennsylvania and 3130 Fairview Park Drive, Falls Church, Virginia projects. Both the One Logan Square and 630 Freedom Business Center properties are new certifications, and the 3130 Fairview Park Drive building previously was re-commissioned and re-certified again. Brandywine continues to implement new and innovative ways to reduce energy consumption and has been successful in qualifying 30 buildings aggregating over 4.9 million square feet of space for Energy Star ratings, representing a doubling of the company’s Energy Star rated square footage over the past twelve months.
“We are thrilled to have two additional buildings added to our Energy Star rated portfolio. Our focused approach on this initiative enabled us to exceed our original 2010 goals. Building on this success in 2011, we anticipate increasing the square footage of Energy Star rated buildings by another 50% which would bring us to over 8.4 million square feet of Energy Star buildings, or 33% of our entire portfolio,” stated Brad A. Molotsky, Executive Vice President and General Counsel for Brandywine Realty Trust. “We remain committed to continuing our company-wide focus on sustainability and energy efficiency throughout the Brandywine portfolio.”
Commercial buildings that earn the Energy Star use an average of 35% less energy than typical buildings and also release 35% less carbon dioxide into the atmosphere. Only commercial office buildings and industrial plants scoring in the top 25% of facilities located in the U.S. for energy efficiency are able to achieve an Energy Star label. Organizations earn the Energy Star by using the EPA’s national energy performance system to generate energy-efficiency ratings for their buildings. For more information, visit www.EnergyStar.gov.
About Brandywine Realty Trust
Brandywine Realty Trust is one of the largest, publicly traded, full-service, integrated real estate companies in the United States. Organized as a real estate investment trust and operating in select markets, Brandywine owns, develops, manages and has ownership interests in a primarily Class A, suburban and urban office portfolio comprising 316 properties and 34.3 million square feet, including 237 properties and 25.9 million square feet owned on a consolidated basis and 49 properties and 4.6 million square feet in 15 unconsolidated real estate ventures. For more information, please visit www.brandywinerealty.com.
Certain statements in this release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance, achievements or transactions of the Company and its affiliates or industry results to be materially different from any future results, performance, achievements or transactions expressed or implied by such forward-looking statements. Such risks, uncertainties and other factors relate to, among others, the Company’s ability to lease vacant space and to renew or relet space under expiring leases at expected levels, the potential loss of major tenants, interest rate levels, the availability and terms of debt and equity financing, competition with other real estate companies for tenants and acquisitions, risks of real estate acquisitions, dispositions and developments, including cost overruns and construction delays, unanticipated operating costs and the effects of general and local economic and real estate conditions. Additional information or factors which could impact the Company and the forward-looking statements contained herein are included in the Company’s filings with the Securities and Exchange Commission. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.
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Web Site: http://www.brandywinerealty.com
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Filed under: Real Estate
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