A little over a year after buying the 525 North Tryon building uptown, Grubb Properties said it has made improvements to make the office tower more energy efficient.
The building recently earned the Energy Star designation from the Environmental Protection Agency. That means it ranks in the top 25 percent of comparable buildings for energy efficiency.
Grubb Properties installed LED lighting in the building, which uses far less electricity, and hired Abundant Power to design and implement “intelligent building” features at 525 North Tryon. Such systems use computers and data analytics to monitor energy usage and maximize efficiency of a building’s various energy draws, such as heating, cooling and lighting.
“This achievement demonstrates Grubb Properties’ dedication to sustainable business practices that help protect the environment and also lower energy costs,” said Eric Wallet, property manager of 525 North Tryon, in a statement. “We are proud of the entire 525 N Tryon team for their work in earning this designation.”
In December 2014, Grubb and New York Life Insurance partnered to buy the building from Parkway Properties for $60 million. The 405,000 square-foot building was built in 1998.
A block away, Grubb and partner Novare Group have started construction on the second tower at SkyHouse II, which will be a matching 24-story apartment tower next to the recently opened first SkyHouse.