24th at Camelback II Awarded LEED® Silver

(PHOENIX) – The Phoenix office of Hines announced today that 24th at Camelback II has received Silver certification under the U.S. Green Building Council’s LEED® for Core & Shell rating system.

The property, owned by Hines and an East Coast pension fund advised by Invesco, is now one of the highest rated LEED certified new construction multi-tenant properties in Phoenix.

The 11-story, 300,000-square-foot Class A office building was developed by Hines in 2010, and is located in the heart of Phoenix’s Camelback submarket.

In addition to its LEED designation, 24th at Camelback II has been designated as Designed to Earn the ENERGY STAR®.

Green features and programs include: reduced heat island effect through covered parking and reflective roofing; use of low-VOC materials and finishes; a 30 percent reduction in indoor, potable water usage; a 50 percent reduction in landscaping-related water consumption; enhanced indoor air quality systems; and a construction waste diversion rate of 50 percent.

Additionally, Hines offers its proprietary GREEN OFFICE for Tenants program, which is designed to assist tenants in greening their office space.

Hines Vice President and Designated Broker William Olson said, “Hines has a long track record of commitment to sustainable development, and active leadership in the USGBC LEED programs. The 24th at Camelback II building is the firm’s newest commitment to sustainable development in Phoenix.”

 “Starting with a LEED designation has given our corporate users a big jump-start toward certifying their own interiors,” said Hines Project Manager John Orsak.

“To date, 100 percent of the tenants who occupy space, or are under construction in the building, are certifying their lease space through LEED as well.”

Hines is a leader in Phoenix for sustainable real estate development and operations.

24th at Camelback II’s sister building, 24th at Camelback I, also managed by Hines, is ENERGY STAR labeled and LEED certified under the Existing Building rating system.

The US Airways headquarters building in Tempe, which was developed and is managed by Hines, is LEED Gold certified and is one of just five properties in the United States (and the only one in Arizona) to have earned 11 consecutive ENERGY STAR® labels—one for every year since the building’s first full year of operations in 2000. Hines also owns and manages Renaissance Square, a two-building, ENERGY STAR-labeled office complex in downtown Phoenix.

Hines is one of the most sustainable real estate companies in the world.

In 2010 Hines was recognized by the EPA, for the third time, with the ENERGY STAR Sustained Excellence Award; Hines has labelled more than 153 buildings, representing approximately 77 million square feet, in the ENERGY STAR program.

Twelve Hines development or redevelopment projects, representing more than six million square feet, have been designated as Designed to the Earn the ENERGY STAR.

Hines is also a leader in the U.S. Green Building Council’s programs, with 202 projects, representing more than 107 million square feet that have been certified, pre-certified or registered under the various LEED rating systems.

Hines was a founding member of the German Sustainable Building Council, the Italian Green Building Council, and the Russian Green Building Council, is a member of the Indian Green Building Council and the Brazilian Green Building Council, and is active in the BRE Environmental Assessment Method program in the United Kingdom and the Haute Qualité Environnementale program in France.

Hines is a privately owned real estate firm involved in real estate investment, development and property management worldwide. The firm’s historical and current portfolio of projects that are underway, completed, acquired and managed for third parties includes 1,126 properties representing more than 459 million square feet of office, residential, mixed-use, industrial, hotel, medical and sports facilities, as well as large, master-planned communities and land developments. With offices in 106 cities in 17 countries, and controlled assets valued at approximately $23.7 billion, Hines is one of the largest real estate organizations in the world. Visit www.hines.com for more information.

To learn more about sustainability at Hines, visit www.hines.com/sustainability.