(HOUSTON) – Hines, the property and leasing manager for Phoenix Tower in Houston, on behalf of building owner FSP Phoenix Tower Limited Partnership (“FSPLP”), announced today that the building has been designated a BOMA 360 Performance Building by the Building Owners and Managers Association (BOMA) International. The BOMA 360 Performance Program validates and recognizes commercial properties that demonstrate best practices in building operations and management.
Phoenix Tower is a 34-story, Class A, multi-tenant office building containing approximately 629,000 rentable square feet located in Houston’s Greenway Plaza submarket.
Hines Phoenix Tower Property Manager Donald H. Emerson stated, “We are pleased to have attained this important designation from BOMA, which underlines our commitment to delivering industry-leading management services to our customers – both owners and tenants.”
“We are proud to designate Phoenix Tower as a BOMA 360 Performance Building in recognition of the high standards the management team has achieved in every aspect of building operations and management,” said BOMA International Chair Ray H. Mackey, Jr., RPA, CPM, CCIM, partner and chief operating officer, Stream Realty Partners, L.P.
“By achieving the BOMA 360 designation for your building, you demonstrate to your owners, tenants, prospective tenants and the community that your property is being managed to the highest standards of excellence."
The BOMA 360 Performance Program is a groundbreaking building designation program that evaluates properties in six major areas:
building operations and management; life safety/security/risk management; training and education; energy; environment/sustainability; and tenant relations/community involvement. The BOMA 360 Performance Program takes a holistic approach to evaluating a building’s operations and management and benchmarks a building’s performance against industry standards.
The program comes at a critical time, as building owners and managers are looking to differentiate themselves in a demanding market.
For more information on the BOMA 360 Performance designation, visit www.boma.org/GetInvolved/BOMA360.
About FSP Phoenix Tower Limited Partnership
All of the equity interests in FSPLP are owned, directly and indirectly, by FSP Phoenix Tower Corp. (“Phoenix Tower Corp.”), a corporation sponsored by Franklin Street Properties Corp. (“FSP”) (NYSE Amex: FSP).
Phoenix Tower Corp. is a Delaware corporation formed to purchase, own, operate, improve and reposition Phoenix Tower in the marketplace.
Phoenix Tower Corp. is a public reporting company and all of its filings with the United States Securities and Exchange Commission are available at www.sec.gov.
Phoenix Tower is not owned by FSP.
FSP and its affiliates own and operate approximately 1.5 million square feet of Class A office space in greater Houston, including The Offices at Park 10, Energy Tower I, and Eldridge Green (CITGO’s corporate headquarters).
FSP, based in Wakefield, Massachusetts, 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 website at www.franklinstreetproperties.com.
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 1,147 properties representing more than 462 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 108 cities in 18 countries, and controlled assets valued at approximately $23.4 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, Haute Qualité Environnementale and DGNB green building rating systems.
Visit www.hines.com for more information.
About BOMA International
The Building Owners and Managers Association (BOMA) International is an international federation of more than 100 local associations and affiliated organizations. Founded in 1907, its 16,500-plus members own or manage more than nine billion square feet of commercial properties. BOMA International’s mission is to enhance the human, intellectual and physical assets of the commercial real estate industry through advocacy, education, research, standards and information. On the web at www.boma.org.