Nov 29 2010
FSP 50 South Tenth Street Corp. (the "Company"), a Delaware corporation formed to purchase, own and operate a 12-story, Class "A", multi-tenant office and retail building containing approximately 486,000 rentable square feet of space located in the central business district of Minneapolis, Minnesota (the "Property"), announced today that the Property received LEED Gold Certification by the U.S. Green Building Council ("USGBC") in the Leadership in Energy and Environmental Design for Existing Buildings: Operations & Maintenance ("LEED-EB: O&M") on November 1, 2010. The Property is located at 50 South Tenth Street, Minneapolis, Minnesota.
LEED-EB: O&M is an internationally recognized rating system which provides third party verification on a building's performance in five broad categories: sustainable site maintenance, water efficiency, energy and atmosphere, materials and resources and indoor environmental quality. Highlights of the Property's sustainability achievements include:
- An Energy Star score which places the Property in the top 20% of similar existing buildings in terms of energy efficiency and also earned the Property the EPA's Energy Star label.
- The offset of 100% of the Property's energy use through the purchase of green-e renewable energy certificates. The carbon dioxide emissions the Property is helping to avoid is the environmental equivalent of the amount produced by approximately 3,000 cars in a year.
- A lighting control upgrade which took advantage of local utility company rebates and provided the Property with a projected energy savings payback of less than one year.
Plumbing fixture enhancements which reduced water usage to over 30% below the LEED-EB: O&M baseline case.
- An impressive waste diversion record during the Property's performance period: over 50% of ongoing consumable waste was recycled, 100% of the durable waste stream was either reused or recycled and approximately 75% of waste generated by facility alterations was diverted from landfills.
- The implementation of a real time energy metering program to control peak electrical demand which earned the Property recognition from the USGBC under the category of "Innovation."
George J. Carter, President of the Company, stated, "We are very proud to have achieved this prestigious certification, working closely with Ryan Companies, the Property's original developer, on-site manager and LEED consultant. We also wish to thank the tenants of the Property, whose efforts are integral to the Company's past and future successes in the area of sustainability."
FSP Property Management LLC participated in the effort to obtain Gold level certification under the LEED-EB: O&M rating system on behalf of the Company. FSP Property Management LLC, a subsidiary of Franklin Street Properties Corp., provides asset management, property management and property accounting services.
Source: http://www.franklinstreetproperties.com