Phoenix Tower Earns Unprecedented 11th ENERGY STAR® Label:… - Hines

Phoenix Tower Earns Unprecedented 11th ENERGY STAR® Label: Breaks Global Record

(HOUSTON) – The Houston office of Hines, the international real estate firm, announced today that Phoenix Tower has earned its 11th consecutive ENERGY STAR® label from the U.S. Environmental Protection Agency (EPA) — more than any other building in the world.

Managed by Hines since 1995, the building has earned an ENERGY STAR label for every year since the EPA extended the ENERGY STAR program to the commercial real estate sector in 1999.

Phoenix Tower is a 629,000-square-foot, 34-story office building located at 3200 Southwest Freeway in the Greenway Corridor. It is owned by FSP Phoenix Tower Limited Partnership (“FSPLP”). All of the equity interests in FSPLP are owned, directly and indirectly, by FSP Phoenix Tower Corp., a real estate investment trust sponsored by Franklin Street Properties Corp. (NYSE Amex: FSP).

The building is approximately 30 percent more energy efficient when compared to the national average office building.

This translates to estimated annual greenhouse gas reductions equivalent to removing 700 passenger vehicles from the road.

Hines Property Manager Don Emerson said, “We recognized the value of the ENERGY STAR program and its benchmarking tools early on.

This program has helped us to manage energy consumption, while progressively boosting the bottom line for our owner and tenants.”

As part of Franklin Street Properties’ portfolio-wide effort to enhance the sustainability of each property, Phoenix Tower is pursuing LEED® certification and is currently in its performance period.

Sustainable features of the property include: solar reflective and green roof systems, state-of-the art energy management control systems and enhanced curtain wall performance.

The building also features a unique Nicklaus Design golf putting green atop the building’s roof.

Phoenix Tower tenants include: Allen Boone Humphries Robinson LLP; Champion Technologies; Forethought National Life Insurance Company; Idea Integration; Morgan Stanley; NetApp, Inc.; Phillips & Akers, P.C., Attorneys at Law; StarTex Power; Sullins, Johnston, Rohrbach & Mager, P.C.; and The Lincoln National Life Insurance Company.

Champion Technologies Executive Assistant Sally Dresch said, “Working in an ENERGY STAR-qualified building puts us at ease because we know Hines is looking out for our best interest.”

In 2010 Hines was recognized by the EPA, for the third time, with the ENERGY STAR Sustained Excellence Award; Hines has labeled more than 147 buildings, representing approximately 75 million square feet, through 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 also a leader in the U.S. Green Building Council’s programs, with 192 projects, representing more than 100 million square feet that have been certified, pre-certified or registered under the various LEED rating systems. Hines was a founding member of the German Sustainable Building Council and the Russian Green Building Council, is a member of Green Building Council Brasil, Green Building Council España, the Indian Green Building Council and the Italian Green Building Council, and is active in the BRE Environmental Assessment Method program in the United Kingdom and the Haute Qualité Environnementale program in France.

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 1,111 properties representing more than 451 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 $22.2 billion, Hines is one of the largest sustainable real estate organizations in the world. Visit www.hines.com for more information. To learn more about sustainability at Hines, visit www.hines.com/sustainability.

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