Commercial Property Case Study
Columbia Property Trust
Columbia Property Trust (NYSE: CXP) creates value through owning, operating, and developing Class-A office buildings in New York, San Francisco, Washington D.C., and Boston. The Columbia team is deeply experienced in transactions, asset management and repositioning, leasing, development, and property management. It employs these competencies to grow value across its high-quality, well-leased portfolio of 15 properties that contain approximately seven million rentable square feet, as well as four properties under development, and also has more than eight million square feet under management for private investors and third parties. Columbia has investment-grade ratings from both Moody’s and S&P Global Ratings.
“With many companies signaling an expected return to their workspaces in the months ahead, Columbia has committed substantial resources and implemented numerous measures to provide for their employees’ safe and comfortable return to the office. We view BPI technology not only as a response to the current health emergency, but also as an integral part of our longer-term commitment to the wellbeing of our tenants and employees.”
- Nelson Mills, Columbia’s Chief Executive Officer
Challenge
In 2013, Columbia Properties wanted to obtain Energy Star certification within their buildings and chose AtmosAir’s air purification technology as one of the premier purification solutions as a standard amongst their building portfolio.
After 2013, AtmosAir’s technology was incorporated as a standard in the portfolio’s environmental and sustainability strategy for improved air quality.
Solution
Columbia has chosen to work with AtmosAir Solutions and Otis Elevator Company, respectively, to install technology that delivers BPI protection at more than 20 buildings and in over 100 elevator cabs across its portfolio. Installations began in late 2020 and the majority are scheduled to be completed by the end of the first quarter of 2021.
Results
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