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The Landmark, an Equastone Operated Building, Earns EPA's ENERGY STAR
Dallas, TX - Equastone, a private real estate investment firm, announced today that the firm's Dallas-based office building, Landmark, has earned the U.S. Environmental Protection Agency's (EPA's) prestigious Energy Star Rating, the national symbol for protecting the environment through superior energy performance. Located at 14800 Landmark Blvd Dallas, Texas, Landmark is now joined by over 30% of the Equastone portfolio recognized by the Energy Star.
By earning the Energy Star, Landmark is recognized for being in the top 25% for energy efficiency for office buildings across the nation, while still providing quality service and comfort to occupants. By making cost-effective improvements to the building, Equastone lowered their energy use and reduced CO2 /greenhouse gas emissions 42% below the national average for similar office buildings.
Cory Cunningham, Director of Operations, reported, "The Energy Star rating achieved at Landmark is a great milestone for Equastone. Landmark is the ninth Energy Star for the Equastone managed portfolio and crosses the threshold of 30% of square feet under management being awarded the Energy Star."
Acquired in August 2006, Landmark is a 158,650 square foot, 8 story, Class B+ office complex with a four-story parking garage. The property is situated in Addison, near the intersection of Landmark and Beltline. Landmark is currently 76.8% percent occupied and includes major tenants such as CGI, CDX Gas and Cardio Provider Research.
Ron Lack, executive vice president of Equastone, said, "We invest in underperforming properties where we can add value and attract high quality tenants while keeping Landmark is testimony for current and future tenants that we are committed to owning and operating the best-in-class buildings."
Equastone made significant operational improvements to Landmark to earn the Energy Star, including: adjusting the Energy Management System programming to allow optimum efficiency, converting can lighting to fluorescent in common areas and retrofitting T-12's to T-8's in tenant spaces as new leasing occurred, updating outside lighting from metal Haylide to compact fluorescent lights and adjusting common area and outdoor lighting time clocks to run shorter lengths of time (while providing required lighting for safety).
Energy Star is a government-backed program that helps businesses and consumers protect the environment through superior energy efficiency. In 2006 alone, Americans, with the help of Energy Star, saved $14 billion and prevented greenhouse gas emissions equal to those from 25 million vehicles. Equastone is Energy Star partner and actively utilizes the Energy Star program throughout the majority of a 58 building portfolio.
About Equastone
Equastone specializes in the acquisition and asset management of opportunistic and value-added real estate. Equastone's affiliated funds currently own 55 office and flex buildings encompassing over nine million rentable square feet in California, Arizona, Colorado, Georgia, Louisiana, Nevada, Oregon and Texas. Equastone manages investment capital on behalf of Equastone Real Estate Funds, which are private equity funds for high net-worth and institutional investors. For more information about Equastone visit www.equastone.com.
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