Paramount’s 111 Sutter Street Achieves LEED Platinum and the Distinction of Highest Scoring LEED Project in San Francisco

Rhea-AI Summary

Paramount Group, Inc. (NYSE: PGRE) announced that its property, 111 Sutter Street in San Francisco, has achieved LEED Platinum certification, the highest score for a LEED project in the city in 2021. This certification highlights the company's commitment to sustainability, with 100% of its office properties certified as either LEED Gold or Platinum. Paramount's portfolio includes 11.3 million square feet of such properties, targeting tenants focused on sustainability. The improvements at 111 Sutter included energy management systems and low-flow fixtures that enhance environmental performance.

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• 111 Sutter Street achieved LEED Platinum certification, marking it as a leader in sustainable building.
• Paramount's portfolio includes 11.3 million square feet of LEED Gold or Platinum certified properties.
• 100% of Paramount's office properties are either LEED Gold or Platinum certified, showcasing strong commitment to sustainability.

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• None.

NEW YORK--(BUSINESS WIRE)-- Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) announced today that 111 Sutter Street has achieved LEED (Leadership in Energy and Environmental Design) Platinum and was San Francisco’s highest scoring LEED Project in 2021. The USGBC’s (U.S. Green Building Council) LEED certification is among the most esteemed sustainable building recognition programs globally.

“111 Sutter’s distinguished LEED achievement is a testament to our continuous dedication to sustainability and responsible building operations,” said Wilbur Paes, Paramount’s Chief Operating Officer, Chief Financial Officer and Treasurer. “We are extremely proud that we consistently deliver this same level of excellence throughout our portfolio, as 100% of our office properties are either LEED Gold or Platinum certified.”

Including 111 Sutter Street, Paramount’s portfolio boasts an impressive 11.3 million square feet of LEED Gold or Platinum certified properties. The Company’s high quality, efficient, and sustainable assets are key to the value proposition they offer both existing and prospective tenants who are focused on sustainability now more than ever before.

“LEED is a transformative tool that ensures a building is designed and operated to achieve high performance, improve human health, and protect the environment,” said Peter Templeton, President and CEO, USGBC. “In achieving Platinum-level recertification, the project at 111 Sutter Street is leading the way in the industry and helping USGBC continue towards our goal of green buildings for everyone.”

111 Sutter’s LEED rating improved from Gold to Platinum due to exemplary performance in energy, water, and waste conservation. A real-time energy management platform, advanced lighting technologies, and daylight harvesting result in reduced energy consumption throughout the asset. Additionally, low-flow fixtures have been installed to decrease water usage and stringent waste management procedures are followed to optimize recycling and composting. These efforts have contributed to 111 Sutter being home to notable not-for-profit and environmentally-focused tenants such as the Natural Resources Defense Council and Save The Redwoods League.

About Paramount Group, Inc.

Headquartered in New York City, Paramount Group, Inc. is a fully-integrated real estate investment trust that owns, operates, manages, acquires and redevelops high-quality, Class A office properties located in select central business district submarkets of New York City and San Francisco. Paramount is focused on maximizing the value of its portfolio by leveraging the sought-after locations of its assets and its proven property management capabilities to attract and retain high-quality tenants.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220404005054/en/

Wilbur Paes

Chief Operating Officer, Chief Financial Officer, and Treasurer

212-237-3122

ir@pgre.com

Tom Hennessy

Vice President, Investor Relations and Business Development

212-237-3138

ir@pgre.com

Media:

212-492-2285

pr@pgre.com

Source: Paramount Group, Inc.

FAQ

What recent achievement has Paramount Group (PGRE) announced regarding 111 Sutter Street?

Paramount Group (PGRE) announced that 111 Sutter Street has achieved LEED Platinum certification, the highest rating in sustainability.

How does 111 Sutter Street's LEED certification impact Paramount Group's portfolio?

With 111 Sutter's LEED Platinum certification, Paramount's portfolio now includes 11.3 million square feet of LEED Gold or Platinum certified properties, enhancing its appeal to environmentally-conscious tenants.

What is LEED certification and why is it important for Paramount Group (PGRE)?

LEED certification is a respected standard for sustainable building practices, and it enhances the value and attractiveness of Paramount Group's properties to prospective tenants.

What sustainable features contributed to 111 Sutter Street's LEED Platinum rating?

The sustainability features include advanced energy management systems, low-flow fixtures for water conservation, and waste management practices.