PRINCETON, NJ-- Chambers Street Properties (NYSE: CSG) today announced that 1400 Atwater Drive, a two-building, five-story office property in the Philadelphia suburb of Malvern, Pa., has earned LEED (Leadership in Energy & Environmental Design) Silver certification.
LEED is the most widely recognized green building program across the globe according to the U.S. Green Building Council (USGBC), which oversees certification.
1400 Atwater Drive is situated on a 15-acre parcel that overlooks the 60-acre Atwater Lake. The buildings were developed as part of an adaptive reuse of a former quarry site and were designed to maximize views of the lake. The development is located within Atwater Corporate Center located directly off I-76 (Pennsylvania Turnpike) at Highway 29.
Some of the highlights of the sustainability program, which resulted in LEED certification at 1400 Atwater Drive include:
- The design and use of recycled materials in construction and diversion of construction waste;
- Access to alternative transportation, including a shuttle to nearby train station, and facilities for low emitting and fuelefficient vehicles;
- Adoption of recycling programs;
- Use of low emitting materials throughout the buildings.
In addition to these LEED certified features, 1400 Atwater Drive uses an innovative geothermal loop system immersed in the nearby lake to decrease energy cost and provide more efficient cooling via the buildings’ HVAC facilities. This feature also reduces the buildings’ overall carbon footprint.
About Chambers Street (NYSE: CSG)
Headquartered in Princeton, New Jersey, Chambers Street is a publically traded REIT that is led by an experienced management team that is focused on acquiring and managing income-producing industrial (primarily warehouse, distribution and logistics) and office properties leased to creditworthy corporate and government tenants. The Company’s primary objective is to maximize shareholder value through stable cash flow and long-term asset appreciation. In pursuing this objective, Chambers Street targets growth through acquisitions and selective built-to-suit development in markets that complement its existing portfolio, actively manages its balance sheet to maintain flexibility with conservative leverage, and seeks internal growth through proactive asset management, leasing and property management oversight.
Since Chambers Street’s formation in 2004, the Company has acquired and developed a high-quality industrial and office portfolio comprised primarily of single tenant net lease properties with an aggregate purchase price of approximately $3.2 billion. As of March 31, 2013, Chambers Street owned or had a majority interest in 129 properties located across 22 U.S. states, Germany, and the United Kingdom encompassing approximately 34.1 million rentable square feet. As of March 31, 2013, Chambers Street’s portfolio had a weighted average age of approximately 10 years and was 97% leased with approximately 82% of its rentable square footage leased to single tenants on a triple net basis.
For more information, please visit: www.ChambersStreet.com