RADNOR, Pa., March 10, 2011 /PRNewswire/ -- Brandywine Realty Trust (NYSE : BDN ) announced today that it has earned five U.S. Environmental Protection Agency (EPA) Energy Star labels for five projects: Two and Three Logan Square (Philadelphia, PA), 620 Freedom Business Center Drive (King of Prussia, PA), Four Barton Skyway (Austin, TX) and 400 Berwyn Park (Berwyn, PA). All of these projects are new certifications, which brings Brandywine's total number of Energy Star-rated owned and managed buildings to thirty-three, representing 6,445,446 square feet. This represents a doubling of the company's Energy Star-rated square footage over the past twelve months.
Brandywine Realty Trust has taken specific measures to improve all buildings' energy efficiency, including the utilization of a web-based energy analysis tool that is monitored daily to make necessary adjustments to the applicable building systems. Brandywine has also installed efficient HVAC units in buildings, with management coordinating closely with mechanical, electrical and plumbing engineers to ensure that the units are scheduled, controlled and automated (where applicable), to maximize energy efficiency.
"We are thrilled to add Two and Three Logan Square, 620 Freedom Business Center, 400 Berwyn Park and Four Barton Skyway to our complement of Energy Star-rated product within the portfolio," stated Brad A. Molotsky, Executive Vice President and General Counsel for Brandywine Realty Trust. "In each of these instances we have been able to create a cluster of energy efficient Energy Star-rated offerings within various campus settings, which bodes well for achieving our 2011 goal of 50 Energy Star-rated buildings. We remain committed to continuing our company-wide focus on sustainability and on optimizing energy efficiency throughout the Brandywine portfolio."
With the new Energy Star designated properties, Brandywine Realty Trust has created energy efficient campuses at:
- One, Two and Three Logan Square (Philadelphia, PA)
- 600, 620 and 630 Freedom Business Center (King of Prussia, PA)
- One, Two and Four Barton Skyway (Austin, TX)
- 200, 300 and 400 Berwyn Park (Berwyn, PA)
Commercial buildings that earn the Energy Star use an average of 35% less energy than typical buildings and also release 35% less carbon dioxide into the atmosphere. Only commercial office buildings and industrial plants scoring in the top 25% of facilities located in the U.S. for energy efficiency are able to achieve an Energy Star label. Organizations earn the Energy Star by using the EPA's national energy performance system to generate energy-efficiency ratings for their buildings. For more information, visit www.EnergyStar.gov.
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 314 properties and 36.0 million square feet, including 233 properties and 25.6 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