360 Hamilton Avenue Chooses 100% Renewable Energy
Reckson's White Plains Property Combines Market Leading Energy Efficiency With Social Responsibility
White Plains - June 16, 2011 - Only eight months after 360 Hamilton Avenue in White Plains, NY, owned by Reckson a Division of SL Green, received the U.S. Environmental Protection Agency's (EPA) Energy Star Label with a high ranking Score of 91, Reckson announced today that it has chosen 100% Renewable Energy.
"We are very excited about this outstanding initiative, the next step in our market- leading sustainable program, balancing our strong commitment to energy efficiency as seen through the receipt of the Energy Star Label, and social responsibility by supporting renewable energy," said John Barnes, senior vice president and senior director of Reckson.
"We see this as a unique opportunity to help further reduce our environmental impact, and encourage further development of the renewable energy market. Our interest in renewable energy began in February 2010, with the installation of a 100 kw solar roof panel system, generating on-site renewable energy at Reckson's 500 West Putnam Avenue, in Greenwich, CT."
Reckson's choice of renewable energy, also referred to as clean energy or green energy, will be used to offset 100% of 360 Hamilton Avenue's annual energy use through Renewable Energy Credits (REC's). Purchased from Renewable Energy Choice, the REC's will be used to support, and increase the amount of energy generation on the power grid through regenerative resources such as wind, water, and solar power energy. The environmental impact of the REC's purchased is equivalent to removing 2,295 cars from the road for one year.
According to Jason Black, LEED AP, Director of Sustainability for SL Green, "This initiative at 360 Hamilton Avenue underscores our commitment to sustainability, healthier work environments for our tenants, and the benefits of renewable energy. This program was developed in conjunction with Reckson's current pursuit of a LEED Certification for the property. Through a two-year commitment, it will help provide critical points toward this designation from the U.S. Green Building Council, and will provide additional points for a tenant's pursuit of a LEED Commercial Interior Certification."
About SL Green Realty Corp.
SL Green Realty Corp., New York City's largest office landlord, is the only fully integrated real estate investment trust, or REIT, that is focused primarily on acquiring, managing and maximizing value of Manhattan commercial properties. As of March 31, 2011, SL Green owned interests in 43 Manhattan properties totaling more than 29.7 million square feet. This included ownership interests in 22.3 million square feet of office buildings, ownership interests in 334,782 square feet of free-standing and condominium retail properties, and debt and preferred equity investments secured by 7.4 million square feet of properties. In addition to its Manhattan investments, SL Green holds interests in 31 suburban assets totaling 6.8 million square feet in Brooklyn, Queens, Long Island, Westchester County, Connecticut and New Jersey, along with six development properties encompassing approximately 1.3 million square feet and three land interests.