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Equastone-Owned Building Awarded ENERGY STAR
San Antonio, TX - Equastone, a private real estate investment firm, announced today that the firm's San Antonio-based office building, One International Centre 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 100 NE Loop 410 San Antonio, Texas.
By earning the Energy Star, One International Centre 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 One International Centre is a significant milestone, as our eighth building to obtain an energy star this year, we have now have the Energy Star rating on over 30% of square feet under management. With energy being the single largest operating expense, we believe that utilizing the energy star system we can simultaneously add value to our tenants, our investors and the environment."
Acquired in November 2005, One International Centre is a 300,241 square foot, 15 story, Class A office complex with a five-story parking garage. The property is situated along Loop 410 Expressway directly across from the San Antonio International Airport. One International Centre is currently 88.14 percent occupied and includes major tenants such as Padgett Stratemann, Tesoro, Thornton Biechlin, Christus Health, Walsh Anderson and Sage Energy.
Equastone made significant operational improvements to One International Centre to earn the Energy Star, including: participating in the Plumbing Retrofit Rebate program sponsored by San Antonio Water Systems, building lighting retrofit completed in 2007 making the total building and parking garage equipped with energy saving T8 fixtures; installing automatic light sensors in common area restrooms and vacant suites, adjusting irrigation run times to watering restriction guidelines; cooling tower replacement and addition of separate cooling tower for auxiliary units to run after hours units installed in 2007; upgrade of Energy Management System and repairs to HVAC duct work; implementation of preventative maintenance program for HVAC and institution of a recycling program throughout the building.
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 55 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 58 office and flex buildings encompassing over 9 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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