(ATLANTA) – The Atlanta office of Hines, the international real estate firm, announced today that One Overton Park received Gold certification in the U.S. Green Building Council’s Leadership in Energy and Environmental Design (LEED®) Green Building Rating System. The property was certified in the Existing Buildings: Operations & Maintenance program.
One Overton Park is a 15-story 387,267-square-foot multi-tenant office building that is managed and leased by Hines.
Hines developed the Pickard Chilton-designed building in 2002, and in 2006 the building was acquired by a wholly owned subsidiary of Franklin Street Properties Corp. (NYSE AMEX: FSP) (“FSP”).
Hines Senior Vice President Kurt Hartman said, “As Hines’ second LEED Gold certified property in Atlanta, our development and operating teams have demonstrated a mastery of the LEED process.
One Overton Park provides an excellent example of how Hines partners with asset and portfolio owners to create and preserve value while benefitting the environment.”
FSP Vice President Toby Daley added, “One Overton Park is the first building in our portfolio to achieve certification since FSP launched its LEED initiative.
The fact that One Overton Park attained Gold certification in such a relatively short period of time is a tribute to the efficient design of the building and the skill of Hines’ property management staff and engineering services.”
One Overton Park has earned the U.S. Environmental Protection Agency’s ENERGY STAR® three times since 2006 and has a current score of 93.
The building consumes 47 percent less energy and emits 47 percent fewer emissions than the average U.S. building.
This translates to estimated annual energy cost savings of $1.46 per square foot.
Resulting projected annual greenhouse gas reductions are equivalent to removing from the road more than half of the 1,400 cars that fit into One Overton Park’s parking garage.
Green features include a comprehensive green cleaning program, sustainable purchasing, a revised waste reduction and recycling program, “Go Green” tenant education and outreach program and water efficient fixtures and landscaping.
Additionally, the One Overton Park management office is active in the Hines GREEN OFFICE (HinesGO) program. HinesGO is a voluntary, internal program created to measure and reward sustainability within all Hines offices worldwide. Hines recently expanded the GREEN OFFICE program by offering it to its more than 4,000 tenants worldwide.
One Overton Park is 90 percent leased to tenants including: Bennett Thrasher, CBIZ, Corporate Holdings, Gas South and Jamestown.
FSP, based in Wakefield, MA, is focused on achieving current income and long-term growth through investments in commercial properties. FSP operates in two business segments: real estate operations and investment banking/investment services. The majority of FSP’s property portfolio is suburban office buildings, with select investments in certain central business district properties. FSP’s subsidiary, FSP Investments LLC (member, FINRA and SIPC), is a real estate investment banking firm and a registered broker/dealer. FSP is a Maryland corporation that operates in a manner intended to qualify as a real estate investment trust (REIT) for federal income tax purposes. To learn more about FSP, please visit its Web site at www.franklinstreetproperties.com.
Hines is a leader in the U.S. Green Building Council’s programs, with 146 projects, representing approximately 89 million square feet that have been certified, pre-certified or registered under the various LEED rating systems.
In 2009 Hines was recognized by the EPA, for the second time, with the ENERGY STAR Sustained Excellence Award; Hines has labelled more than 138 buildings, representing approximately 76 million square feet, in the ENERGY STAR program.
Twelve Hines development or redevelopment projects, representing more than six million square feet, have been designated as Designed to the Earn the ENERGY STAR.
Hines is a privately owned real estate firm involved in real estate investment, development and property management worldwide. The firm’s historical and current portfolio of projects that are underway, completed, acquired and managed for third parties includes more than 1,100 properties representing approximately 454 million square feet of office, residential, mixed-use, industrial, hotel, medical and sports facilities, as well as large, master-planned communities and land developments. With offices in more than 100 cities in 17 countries, and controlled assets valued at approximately $25.8 billion, Hines is one of the largest real estate organizations in the world.
Hines is also a world leader in sustainable real estate strategies, with extensive experience in LEED®, ENERGY STAR®, BREEAM in the United Kingdom, France’s Haute Qualité Environnementale and with the German Sustainable Building Council. Visit www.hines.com for more information.