American Cuts Water Use at 150 N. Wacker

CHICAGO—American Realty Advisors recently launched a new sustainability initiative at 150 N. Wacker Dr., a 31-story office tower in Chicago that company officials say will reduce water consumption by more than one million gallons per year. As a result, the real estate investment manager plans to explore implementing new water saving features throughout its entire office portfolio, which encompasses over 11.6-million-square feet throughout the US.

“Commercial properties currently account for nearly 40% of total energy use in the US, and 38% of total greenhouse/carbon dioxide emissions,” says Jay Butterfield, a managing director at American. “For this reason, sustainability strategies are a top priority for American and for our investors. By saving resources, we can conserve power, decrease environmental impact, and reduce operating costs.”