SOURCE: Glenborough, LLC

December 02, 2008 10:30 ET

Glenborough Dubbed One of EPA's Six ENERGY STAR "Top Performers" in U.S.

SAN MATEO, CA--(Marketwire - December 2, 2008) - Glenborough, LLC, a San Mateo, CA real estate investment and management company specializing in office properties, is pleased to announce that it has been named an "Energy Star Leader - Top Performer" in the Environmental Protection Agency (EPA) ENERGY STAR program. Glenborough is one of only six Commercial Real Estate organizations nationwide to have received this award.

On November 3, 2008, the EPA ENERGY STAR program notified Glenborough that they had obtained final approval in achieving a portfolio rating of 75 or greater. This achievement demonstrates Glenborough's commitment to environmental protection through superior energy performance and sustainable practices.

The rigorous ENERGY STAR commercial building assessment process, now in its third year, rates the energy performance of commercial and industrial facilities on a 1-100 scale. Those achieving a score of 75 or higher are eligible to display the ENERGY STAR label, indicating that they are among the top 25% of facilities in the country for energy performance. Commercial buildings that have earned the ENERGY STAR use 40 percent less energy and emit 35 percent less carbon dioxide than typical similar buildings -- and distinguish their developers, managers and tenants as being committed to reducing global warming and its impacts.

Today, over 65% of Glenborough's properties nationwide display the ENERGY STAR label and the company has achieved an average rating of 78 across its entire portfolio. Among its California properties alone, Glenborough has achieved an impressive average rating of 82, with 90% of properties receiving the ENERGY STAR label. In all, the company has reduced annual energy consumption nationwide by nearly eight million kilowatt-hours, in turn reducing estimated greenhouse gas emissions by more than 3,200 metric tons of CO2.

As an ENERGY STAR Top Performer, Glenborough believes that good environmental stewardship is everybody's business, and is proud to recognize the important role played by the designers, engineers, contractors, suppliers, and building managers whose dedication to energy savings and sustainable practices have made this achievement possible.

About Glenborough, LLC

Glenborough, LLC is a real estate investment and management company with 30 years of industry experience. Formerly a NYSE listed real estate investment trust, the company returned to its private roots in 2006. Glenborough is focused on the acquisition, management, leasing and development of high quality office properties and currently has over $2.5 billion of assets under management, including core, value add and development properties. The company's primary investment markets are Northern California, Southern California, Denver and Washington, D.C. For further information, visit www.glenborough.com.

Contact Information

  • Contact:
    Andrew Batinovich
    President and CEO
    Phone: 650.343.9300
    e-mail: Email Contact

    Glenborough, LLC
    400 South El Camino Real
    San Mateo, CA 94402-1708