Brandywine Realty Trust Announces Five Energy Star Award Recipients and Participation in EPA's Energy Star National Building Competition
RADNOR, Pa., June 21, 2011 /PRNewswire/ -- Brandywine Realty Trust (NYSE: BDN) announced today that it has earned five additional U.S. Environmental Protection Agency (EPA) Energy Star labels for five projects: Cira Centre (Philadelphia, PA), Mt. Laurel Corporate Park (Mt. Laurel, NJ), 14 Campus Boulevard (Newtown Square, PA), President's Plaza (Herndon, VA) and The Park at Barton Creek (Austin, TX). All of these projects are new certifications, which brings Brandywine's total number of Energy Star-rated owned and managed buildings to forty, totaling 7.8 million square feet. Along with the five buildings announced in the first quarter of 2011, this represents a doubling of the company's Energy Star-rated square footage over the past twelve months. With the new Energy Star-designated properties, all of Brandywine's eligible Philadelphia central business district (CBD) properties have now achieved Energy Star ratings.
Brandywine also announced today that one of its properties, 500 North Gulph Road (King of Prussia, PA), has been selected by the EPA to compete in the 2011 Energy Star National Building Competition: Battle of the Buildings. 500 North Gulph Road is one of just 245 buildings across the country that have been tapped to compete in the first round, in which participants will measure and track their building's monthly energy consumption using EPA's Energy Star online energy tracking tool, Portfolio Manager; make improvements to their building's energy performance; and share the results of their progress. Of the initial pool of competitors, a small group of buildings will be selected as finalists in July. Among the finalists, the building that demonstrates the greatest percentage-based reduction in energy use intensity will be recognized as the winner on November 2, 2011.
"We are thrilled to add Cira Centre, Mt. Laurel Corporate Park, 14 Campus Boulevard, Arboretum III, President's Plaza and the Park at Barton Creek to the roster of Energy Star-rated buildings in our portfolio," stated Brad A. Molotsky, Executive Vice President and General Counsel for Brandywine Realty Trust. "We are also pleased that the EPA picked 500 North Gulph Road as one of only 245 competitors in its Battle of the Buildings contest. Reducing energy consumption is a priority in all Brandywine properties and we're honored to be recognized by the EPA for our efforts. We will continue to work towards improving our energy performance not only in 500 North Gulph Road but across our entire portfolio, and hope to make the competition's final cut in July."
About Brandywine Realty Trust
Brandywine Realty Trust is one of the largest, publicly traded, full-service, integrated real estate companies in the United States. Organized as a real estate investment trust and operating in select markets, Brandywine owns, develops, manages and has ownership interests in a primarily Class A, suburban and urban office portfolio comprising 309 properties and 35.9 million square feet, including 235 properties and 25.8 million square feet owned on a consolidated basis and 51 properties and 6.5 million square feet in 17 unconsolidated real estate ventures. For more information, please visit www.brandywinerealty.com.
Certain statements in this release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance, achievements or transactions of the Company and its affiliates or industry results to be materially different from any future results, performance, achievements or transactions expressed or implied by such forward-looking statements. Such risks, uncertainties and other factors relate to, among others, the Company's ability to lease vacant space and to renew or relet space under expiring leases at expected levels, the potential loss of major tenants, interest rate levels, the availability and terms of debt and equity financing, competition with other real estate companies for tenants and acquisitions, risks of real estate acquisitions, dispositions and developments, including cost overruns and construction delays, unanticipated operating costs and the effects of general and local economic and real estate conditions. Additional information or factors which could impact the Company and the forward-looking statements contained herein are included in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.
SOURCE Brandywine Realty Trust