Carter Reduces Energy Use Across 25M SF Portfolio

Commercial Real Estate Firm Achieves ENERGY STAR

ATLANTA, GA--(BUSINESS WIRE)--The Property and Facility Management Group of Carter, one of the country’s leading full-service commercial real estate firms since 1958, has committed to decreasing energy consumption across its 25-million-square-foot portfolio by 30 percent.

A primary goal is to achieve ENERGY STAR certification for all eligible properties by year end 2009.

Property managers are completing audits and benchmarks for all buildings in Carter’s property and facility management portfolio.

The data collected will be evaluated against ENERGY STAR standards and all buildings meeting the criteria will be submitted for ENERGY STAR certification. The data collected also will be utilized to operate each building more efficiently.

“As commercial property owners and managers, it is our responsibility to ensure our clients’ properties are managed in the most cost-effective and resourceful manner,” explained Holly Hughes, (top right photo)executive vice president of Carter’s Property and Facility Management Group.

“Energy efficiency has always been an important component of building operations at Carter, due to both financial and environmental concerns. ENERGY STAR provides a solid, widely recognized standard by which we can evaluate a building’s performance.”

Six properties under the firm’s management have earned the ENERGY STAR award since January 2009. They are:

--River Park in Norwalk, Conn., a five-story, Class A suburban office building comprising 412,231 square feet.

--Four Penn Center (top left photo) in Philadelphia, Penn., a Class A 522,600-square-foot office building.

--Fifth Street Towers (middle right photo) in Minneapolis, a twin tower, Class A office complex totaling 1,065,000 square feet.

--Corporate Center I and II in Tampa, Fla., Class A office buildings totaling almost 700,000 square feet.

--Hidden River I and III in Tampa, Fla., Class A office buildings comprising 285,961 square feet.

--Satellite Place 300, 400 and 600 in suburban Atlanta, Class A office buildings totaling 435,458 square feet.

All of these properties are owned by Strategic Real Estate Advisors (StratREAL), an independent real estate investment advisor and asset manager, and an advisor to private customized real estate funds. StratREAL currently oversees the management of more than $6.5 billion of real estate assets globally.

“As a company, we’re always looking for ways to improve energy management and to make our properties more environmentally sustainable,” said Steve Hall (bottom left photo), Head of U.S. Asset Management and Performance Reporting for StratREAL.

“We could not be more pleased for these properties to join the other ENERGY STAR buildings across the country and greatly appreciate the initiative Carter is taking in evaluating the properties it manages against these guidelines to identify cost savings and environmental benefits.”

One of the country’s leading full-service commercial real estate firms since 1958, Carter offers a diverse range of services to deliver value for our clients. An Atlanta-based privately-held company with 400 associates, Carter has successfully and responsibly navigated five decades of commercial real estate cycles.

For additional information on Carter, please visit http://www.carterusa.com/.

Contact:
Wilbert News Strategies, Tony Wilbert, 404-888-3091 (office) or 404-405-3656 (cell)twilbert@wilbertnewsstrategies.com