525 N Tryon Street Earns EPA's Energy Star Certification for Superior Energy Efficiency
CHARLOTTE, N.C. (January 25, 2016) – 525 North Tryon Street, owned and managed by Grubb Properties, has earned the Environmental Protection Agency’s ENERGY STAR certification for 2015, signifying that the building performs in the top 25 percent of similar facilities nationwide for energy efficiency.
Grubb Properties acquired the 19-story, Class A commercial building in Uptown Charlotte with a joint venture partner in December 2014. As part of its longstanding commitment to energy efficiency, Grubb Properties quickly began improvements to the building’s sustainability, along with other investments to lower costs and increase tenant comfort.
Grubb Properties focused on lighting projects that could be implemented quickly and bring significant results, including installing efficient LED bulbs and fixtures in the building’s common areas and on its façade. In addition, Abundant Power developed a customized Intelligent Building Analytics solution for Grubb Properties to proactively address risks, enhance the building’s performance, ensure tenant comfort, and improve short- and long-term energy savings.
“This achievement demonstrates Grubb Properties’ dedication to sustainable business practices that help protect the environment and also lower energy costs,” said Eric Wallet, property manager of 525 N Tryon Street. “We are proud of the entire 525 N Tryon team for their work in earning this designation.”
Shannon Smith, CEO of Abundant Power, said, “Grubb Properties is a forward-thinking company that has leveraged our energy-efficiency capabilities to demonstrably enhance performance and improve tenant satisfaction and asset value.”
Several other buildings owned or managed by Grubb Properties have earned certifications for sustainability and energy efficiency. Earlier in 2015, both buildings on the Lenovo campus in North Carolina’s Research Triangle Park were awarded LEED Gold Status, which certifies buildings and employees that excel in sustainability performance. Grubb Properties’ improvements toward energy efficiency at 4601 Park Road in Charlotte made the company a finalist for the North Carolina chapter of the U.S. Green Building Council’s Sustainable Business Award.
In addition, two of Grubb Properties’ multifamily communities, Link Apartments® Manchester in Richmond, Va., and Link Apartments® Brookstown in Winston-Salem, N.C., have earned National Green Building Standard certifications.
Commercial buildings that earn the EPA’s ENERGY STAR certification use an average of 35 percent less energy than typical buildings, and also release 35 percent less carbon dioxide into the air, according to the EPA.
ENERGY STAR was introduced by EPA in 1992 as a voluntary, market-based partnership to reduce greenhouse gas emissions through energy efficiency. Today, the ENERGY STAR label can be found on more than 65 different kinds of products, 1.4 million new homes, and 20,000 commercial buildings and industrial plants that meet strict energy-efficiency specifications set by the EPA. Over the past 20 years, American families and businesses have saved more than $230 billion on utility bills and prevented more than 1.8 billion metric tons of greenhouse gas emissions with help from ENERGY STAR.
For more information about ENERGY STAR certification for commercial buildings, please visit www.energystar.gov/labeledbuildings.
About Grubb Properties Grubb Properties, founded in 1963, creates exceptional real estate environments and provides premier customer service for our residents and tenants through the repositioning of apartment communities and office buildings and the development of multi-family communities, including our nationally trademarked Link Apartments® brand. Our fully integrated management team identifies strategies that create long-term value for our clients. Grubb Properties’ growth is primarily funded through real estate investment funds with long-term horizons. People who care. Places that matter. For more information, visit www.grubbproperties.com.
About Abundant Power Abundant Power delivers innovative and transformative financial and technology solutions that expand energy efficiency in the built environment. The company brings a unique blend of expertise in finance, engineering, building science, technology and real estate to each of its best-in-class products and programs. By leveraging the company’s suite of technology and data analytics services, customers can increase the value of real asset portfolios through more efficient operations and lower costs. Learn more at www.abundantpower.com.« back to news