NEW YORK--(BUSINESS WIRE)--
Paramount Group, Inc. (NYSE:PGRE) (“Paramount”) today announced that each office building in its consolidated portfolio has achieved either Gold or Platinum LEED certification. This accomplishment reflects the significant emphasis Paramount places on sustainability, environmental efficiency, tenant service and property management – all core components necessary to achieve the coveted LEED distinction. In addition, each of these buildings are also ENERGY STAR certified.
“For our entire portfolio to reach the two highest levels of LEED certification is a remarkable achievement, and something that we are very proud to have attained,” said Albert Behler, Chairman, Chief Executive Officer and President of Paramount. “This accomplishment reflects on the quality of our assets and our ongoing commitment to good corporate citizenship and sustainability initiatives. In addition, these certifications also help us manage operating costs, attract and retain premium tenants and ultimately enhance portfolio value.”
Paramount has consistently received accolades and recognition for its industry-leading environmental and operational standards, most recently by the Building Owners and Managers Association (“BOMA”) of New York. In 2016, BOMA New York awarded two of Paramount’s properties – 900 Third Avenue and 712 Fifth Avenue – the Pinnacle Award, in addition to recognizing 900 Third Avenue with the ‘Grand Pinnacle’ award, the top prize in the competition.
Furthermore, also in 2016, One Market Plaza, one of the most prominent office buildings shaping the San Francisco skyline, was named by BOMA San Francisco as the ‘The Outstanding Building of the Year’ for the over 1,000,000 square feet category for its all-around excellence in building operations and management.
“We are pleased to have achieved Gold and Platinum LEED certification across our portfolio,” said Ralph DiRuggiero, Senior Vice President, Property Management for Paramount. “This achievement is a testament to the passion and drive our staff has for advancing our sustainability initiatives to ensure we remain the industry leader in this category.”
About Paramount Group, Inc.
Headquartered in New York City, Paramount Group, Inc. is a fully-integrated real estate investment trust that owns, operates, manages, acquires and redevelops high-quality, Class A office properties located in select central business district submarkets of New York City, Washington, D.C. and San Francisco. Paramount is focused on maximizing the value of its portfolio by leveraging the sought after locations of its assets and its proven property management capabilities to attract and retain high-quality tenants.
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