Kansas City Office Building Announces Participation in Nationwide Campaign to Shrink Carbon Footprint

NEW YORK, NY--(Marketwire - July 29, 2008) - Time Equities Inc., owner of City Center Square, is starting a nationwide campaign to shrink its carbon footprint on more than 20.4 million square feet of real estate from Kansas City to New York. The first building to "go green" in its portfolio will be City Center Square. By working in conjunction with the U.S. Green Building Council's Leadership in Energy and Environmental Design (LEED) certification and rating system, the full-service real estate company aims to shrink carbon emissions by 20 percent before 2012.

Alice Cook, director of sustainability for Time Equities, said that this is a unique movement within the real estate business. "The entire industry is working together towards sustainability rather than focusing on gaining a competitive advantage through intelligence," said Cook.

Watch Alice Cook speak on current and future sustainability practices.

"Our vision is to develop buildings that are carbon negative and lower the overall impact of the energy grid," said Cook. "People tend to focus on cars, but buildings are key and a critical component to curbing global warming."

The focus on City Center Square's sustainability is the direct result of Time Equities' Phillip Gesue, director of acquisitions and development, who's committed to incorporating sustainability into operations and management as a fundamental practice. "Sustainability is a wise business practice in an environment of increasing energy costs and is the first step toward preserving the environment for future generations," said Gesue. Rating systems such as LEED, a nationally accepted benchmark for the design, construction and operation of high performance green buildings, are great resources for companies and cities to unite in an effort to reduce green house gas emissions.

City Center Square is an office retail building locally managed by Grubb & Ellis|The Winbury Group. Tenants range from the Kansas City Convention & Visitors Association to the Kansas City Business Journal. Office space is available and can be customized to accommodate tenants' needs. Prime location, parking availability and facility upgrades make City Center Square an optimal choice for businesses that want to be part of the new entertainment district. For more information, visit www.citycentersquare.com.

Contact Information: Contact: Valerie Jennings 816-221-1040