Hines’ Renaissance Square Buildings Awarded LEED® Gold Certifications

(PHOENIX) – The Phoenix office of Hines, the international real estate firm, announced today that One and Two Renaissance Square have each received Gold certification under the U.S. Green Building Council’s LEED® rating system for Existing Buildings (EB).

Renaissance Square is located in the heart of downtown Phoenix on a full-city block bounded by Adams, Central and Washington streets and 1st Avenue.

The properties were acquired by the Hines US Core Office Fund in 2008 and are leased and managed by Hines.

Designed by the architecture firm Emery, Roth & Sons, Inc., Renaissance Square’s two buildings are connected by a sky bridge.

The 25-story One Renaissance Square, completed in 1987, contains 492,116 square feet; and the 27-story Two Renaissance Square, completed in 1989, contains 473,392 square feet.

Since acquisition, Hines has undertaken numerous sustainability measures, including implementing a series of retrofits and building upgrades including reducing water consumption through the use low-flow fixtures; the introduction of environmentally sensitive cleaning products; a recycling and waste diversion program; new environmentally sensitive tenant construction guidelines; and an on-going retro-commissioning program.

Hines Vice President and Designated Broker William Olson said, “Renaissance Square and Hines’ 24th at Camelback Phase One are the only three multi-tenant office properties in Phoenix that have achieved the LEED Gold rating.

We strive to offer tenants the highest level of service and experience.”

Renaissance Square is leased to a roster of tenants that includes: Bryan Cave LLP; Ernst & Young; Lewis & Roca LLP; Quarles & Brady LLP; Squire Sanders & Dempsey LLP; Gammage & Burnham; and the U.S. General Services Administration.

In addition to their LEED certifications, the buildings have an average ENERGY STAR® score of 91, are 44 percent more energy efficient and annually save $1.31 in energy costs per square foot when compared to the national average office building.

This translates to estimated annual greenhouse gas reductions equivalent to removing 1,625 passenger vehicles from the road.

Both properties received their first ENERGY STAR under Hines’ management in 2008.

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 manages 147 labelled buildings, representing approximately 75 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 Earn the ENERGY STAR.

Hines is also a leader in the U.S. Green Building Council’s programs, with 192 projects, representing more than 100 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 and the Russian Green Building Council, and is active in the Green Building Council Brasil, the Green Building Council España, the Green Building Council Italia, the Indian Green Building Council, 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 1,111 properties representing more than 451 million square feet of office, residential, mixed-use, industrial, hotel, medical and sports facilities, as well as large, master-planned communities and land developments. Hines has offices in more than 100 cities in 17 countries and controls assets valued at approximately $22.2 billion. Visit www.hines.com for more information. To learn more about sustainability at Hines, visit www.hines.com/sustainability.