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Freeport Awarded LEED Silver Certification

Freeport Awarded LEED Silver Certification

PS Business Parks, Inc. (NYSE: PSB) announced today that its’ recently completed 83,000 square foot industrial development in Dallas, Freeport Industrial Building, has been awarded LEED Silver certification. LEED (Leadership in Energy and Environmental Design), developed by the U.S. Green Building Council (USGBC), is the most widely used green building rating system in the world and an international symbol of excellence. Through design, construction and operations practices that improve environmental and human health, LEED-certified buildings are helping to make the world more sustainable and is an important part of PS Business Park’s initiatives with ESG (Environmental, Social and Governance) practices.

“We’re thrilled that our new development in Dallas is LEED Silver certified and we look forward to further enhancing our ESG program at PS Business Parks. Our company is committed to striving for LEED Silver or higher at every new development, including an upcoming project that will break ground in the Seattle area this summer. I’d also like to take this opportunity to thank our partners in this development for all of their contributions towards making this project a success.”

Mac Chandler | President and CEO

Freeport Industrial achieved LEED certification by implementing practical and measurable strategies and solutions in areas including sustainable site development, water savings, energy efficiency, materials selection and indoor environmental quality. Green buildings allow companies to operate more sustainably and give the people inside them a healthier, more comfortable space to work.

“The work of innovative building projects like Freeport Industrial Building is a fundamental driving force in transforming the way our buildings are built, designed and operated,” said Mahesh Ramanujam, president and CEO, USGBC. “Buildings that achieve LEED certification are lowering carbon emissions, reducing operating costs and conserving resources while prioritizing sustainable practices and human health. Because of developments such as this one, we are increasing the number of green buildings and getting closer to USGBC’s goal to outpace conventional buildings, while being environmentally and socially responsible and improving quality of life for generations to come.”

About PS Business Parks

PS Business Parks, Inc., a member of the S&P MidCap 400, is a REIT that acquires, develops, owns, and operates commercial properties, primarily multi-tenant industrial, flex, and office space. As of December 31, 2020, the Company wholly owned 27.7 million rentable square feet with approximately 5,000 commercial customers in six states. The Company also held a 95.0% interest in a 395-unit apartment complex and a 98.2% interest in an entity developing a 411-unit multifamily apartment complex. Additional information about PS Business Parks, Inc. is available on the Company’s website, which can be found at psbusinessparks.com.

About the U.S. Green Building Council

The U.S. Green Building Council (USGBC) is committed to a healthy, resilient and equitable future for all through the development of green buildings, cities and communities. For more than 20 years, USGBC has been advancing green building practices through the development of LEED, the world’s most widely used green building program. With the support of thousands of members, volunteers and partners, USGBC provides robust green building education courses, a rigorous professional credentialing program, and advocates for effective public policies. It convenes an international network of green building and sustainability leaders through the annual Greenbuild International Conference & Expo, and forward thinking programs, including the Center for Green Schools. For more information, visit usgbc.org and connect on Twitter, Facebook, Instagram and LinkedIn.

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