NEWARK-Two Gateway Center has earned the US Environmental Protection Agency’s Energy Star label for its superior energy efficiency and environmental protection. Dudley Ryan, senior vice president at CB Richard Ellis, is the exclusive leasing agent for the building. Two Gateway is owned by New York City-based development and management company C & K Properties.

“As a national symbol for energy efficiency in America, earning an Energy Star label is a great accomplishment and something that is not easily achieved,” says Dudley Ryan, senior vice president at exclusive leasing agent CB Richard Ellis. He tells GlobeSt.com that Two Gateway earned this label by using 35% less energy and generating one-third less carbon dioxide. “Given the increased concern about the financial and economic risks associated with world climate changes, this accomplishment speaks to the work that Two Gateway Center has put into making this building so eco-friendly.”

Built over 35 years ago, the 832,000-square-foot class A office is an entirely electric building. “In order to be eligible for an Energy Star label, some significant renovations were required to make the facility more energy efficient,” says Cushman and Wakefield’s Eugene Zelicskovics, who handles the property management for the building. Among the upgrades were new lights and ballasts, motors and elevators, as well as the building’s HVAC equipment. In addition, a new building automation system was installed, motion sensors were put into all offices and VFD’s were built on the facility’s HVAC system. Together, Zelicskovics says, “these upgrades have reduced the building’s operating expenses by 20% to 25%, with a majority of these investments having less than a three-year payback.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.