by Real Estate News | Nov 09, 2012

August 6, 2012

City Square, a Class A office property located in midtown Phoenix, has achieved Energy Star certification for its three high-rise office towers. Energy Star is a national program that distinguishes the property as one of the top 25% in the nation in terms of energy performance and environmental leadership. 
Owned by Parallel Capital Partners, City Square Office Towers comprise three office buildings at 3800, 3838 and 4000 N. Central Ave. The Towers range in height from 17 to 23 stories and offer a total of 737.4k sf of space. They are part of Phoenix City Square, the largest mixed-use commercial development in Arizona, which includes a 156-room Hilton Garden Inn, a 35k sf Sports Club and 2,230 parking spaces, all situated on 16 acres in midtown Phoenix.

“Our primary focus in realizing these optimal energy reduction results has been first to educate our property management and engineering staffs and then to educate the tenants of the buildings,” said Matt Root of Parallel Capital Partners. “We made all occupants of the buildings a part of our team by allowing them to take part in implementing energy-saving tools and practices in the course of managing their businesses.”

Based on a recent report released by the Environmental Protection Agency (EPA), Phoenix now ranks among the nation’s top 20 metropolitan areas in terms of energy efficiency. In Phoenix, 143 Energy Star certified buildings help save $20.6 million annually in utility bills.

Commercial buildings that earn the EPA's Energy Star certification must perform in the top 25% of similar buildings nationwide. Their performance must be independently verified by a licensed professional engineer or a registered architect, and on average they use 35 percent less energy than other buildings of the same type.