Infrastructure Upgrades at TIAA-CREF Manhattan Headquarters Expected to Save $ ...

Greentech Media (Sep 14 2010)

1. TIAA-CREF, one of the largest institutional real estate investors in the United States, will be recognized by Trane for energy efficiency initiatives, including a rooftop thermal storage solution at the company’s headquarters in midtown Manhattan that is anticipated to save $765,000 annually in energy and operating costs. TIAA-CREF also will receive $219,000 from the New York State Energy Research and Development Authority (NYSERDA) to help support installation of this energy-efficient technology. “We believe that energy efficiency can help to improve returns and reduce our corporate impact on the environment,” said Jeff Meaney, senior vice president, corporate services, TIAA-CREF. “The thermal ice storage solution we are now using to cool our 730 Third Avenue headquarters, also part of our real estate investment portfolio, is a perfect example of the types of accretive capital improvements we seek to maintain high-quality facilities for our employees and clients.” (Read Full Article)

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