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Accolades Continue to Accrue for Burnett Plaza with International Award

FORT WORTH, Texas, Aug. 20, 2014 (GLOBE NEWSWIRE) -- Burnett Plaza recently received the 2014 TOBY®Award, the international recognition for excellence in commercial real estate management, by the Building Owners and Managers Association International (BOMA). The 40-story LEED-certified building, owned by TIER REIT, Inc. and leased by Red Oak Realty, won the award for the 1 Million Square Feet-plus category.

The Class-A complex located in Fort Worth's central business district competed against buildings from nine different regions, including the major metropolitan areas of New York, Chicago and Los Angeles. Burnett Plaza now adds The Outstanding Building of the Year honor to its numerous awards for green architecture and energy management.

Burnett Plaza is located nearby Sundance Square, the Fort Worth Convention Center, the Stockyards and the Museum District. It holds the only view of the two-acre Burnett Park in downtown Fort Worth through an 18-foot high clear glass wall. The plaza also features Jonathon Borofsky's 50-foot aluminum "Man With a Briefcase" sculpture.

"Burnett Plaza is an impressive property and TIER REIT is proud to include it in its portfolio. We have invested a great deal of time into managing this property and I believe the TOBY award is a representation of our commitment," said Greg Brooke, asset manager for TIER REIT properties in Fort Worth, Dallas, Austin and Houston.

Even though Burnett Plaza towers at a notable 567 feet and covers two city blocks, it remains energy efficient and makes use of green technology. The building has a BOMA 360 designation, is LEED Silver certified by the U.S. Green Building Council, and has an Energy Star® rating for operating efficiency from the U.S. Green Building Council.

"Burnett Plaza's prime location combined with its energy conservation initiatives and environmentally-responsible protocols sets it apart from other leasing properties in downtown Fort Worth. This property offers affordable real estate in the central business district with long-term savings through our green-focused operations," said President of Red Oak Realty Jack Clark.

About Burnett Plaza:
A prestigious Class-A complex located in Fort Worth's central business district, Burnett Plaza has won numerous awards for green architecture and energy management, including the 2014 TOBY®. Burnett Plaza, the tallest building between Fort Worth, Texas and San Diego, California, is a 1,024,600-square-foot facility. The smallest space measures at 587 sq. feet and the largest contiguous space is 121,533 sq. feet. The property is leased by Red Oak Realty and owned by TIER REIT Inc.

About Red Oak Realty:
Red Oak Realty provides services in all areas of commercial real estate, including property management, development, and leasing. Red Oak's top two executives, President Jack A. Clark and Vice President Rick Hopwood, have over 50 years of combined experience in managing and leasing properties.

About TIER REIT:
TIER REIT, Inc. is a Dallas, Texas-based real estate investment trust focused on providing quality, attractive, well-managed commercial office properties in dynamic markets throughout the United States, including Houston, Austin and Dallas/Ft. Worth, Texas; Chicago, Illinois; Philadelphia, Pennsylvania; Washington, D.C.; Charlotte, North Carolina, and select other markets. For more information on TIER REIT, please visit tierreit.com or call 972.931.4300.

CONTACT: PYTCHBLACK Office: 817-570-0915 1612 Summit Avenue | Suite 415 | Fort Worth Texas, 76102 pytchblack.comSource:Burnett Plaza