FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Entic, a leader in IOT and smart building technology, has been selected by Willis Tower to deliver increased operational efficiency and utility savings to the iconic 110-story skyscraper at the heart of Chicago’s skyline. This deal marks the eighth engagement between Entic and Equity Office, bringing Entic’s enterprise-wide solution to more than 11 million square feet of the company’s global portfolio.
“We are excited to partner with Willis Tower and look forward to helping them adopt proven tools and practices that will drive significant savings,” said Carlos Diaz, Co-Founder of Entic. The company’s approach has documented portfolio-wide utility savings between 10 and 20% for clients such as Hilton Worldwide.
“As we reinvent Willis Tower, a major focus of our effort is to increase the building’s energy efficiency and reduce operating expenses,” said David Moore, SVP – Portfolio Director, Equity Office. “Conservation of resources and environmental responsibility are critical to our work as stewards of this historic skyscraper and as leaders in the real estate industry. We are excited to partner with Entic – an organization with a strong reputation among some of the most recognized businesses in the world.”
Standing 1,450 feet and 110 stories tall at 233 S. Wacker Drive, Willis Tower offers more than 4.5 million square feet of premiere office, retail and entertainment space. In February, Equity Office announced a $500M transformation of Willis Tower. Through the investment, Willis Tower will be reinforced as a civic destination and the city’s premier workplace, featuring unprecedented amenities and unique retail and entertainment experiences. Entic’s best-in-class technology provides actionable operational and financial insights, in real-time, to help management achieve substantial utility cost reduction, year-round, despite ongoing construction and changing seasons.
About Equity Office
The Equity Office portfolio, encompassing approximately 47 million square feet of Class A office space throughout the U.S., is rich with signature properties in the nation’s leading gateway markets. The company focuses heavily on meeting the current trends and changing strategic needs of companies and our chosen markets. With an average tenure of over 25 years in the real estate industry, our regional leaders also head teams with deep experience across the board from investment and asset management, to property management, development and construction. As an affiliate of Blackstone, a pre-eminent global asset manager providing significant financial strength and long-term stability, we are extremely well capitalized. Please visit www.equityoffice.com for more information.
About Willis Tower
Standing 1,450 feet and 110 stories tall at 233 S. Wacker Drive, Willis Tower offers more than 4.5 million square feet of premiere office, retail and entertainment space. Debuted in September 1973 as the Sears Tower, today more than 100 prominent businesses call Willis Tower home, including financial services, law firms and insurance companies. America’s iconic skyscraper is centrally situated between the city’s financial and cultural hubs and the dynamic West Loop, home to some of the Windy City’s top shops and restaurants. Boasting spectacular Chicago and Lake Michigan views reaching nearly 50 miles on a clear day, the 103rd floor Skydeck Chicago is the highest observation deck in the United States. Featuring The Ledge, a first-of-its kind attraction that extends four glass viewing boxes beyond the structure itself to create an unforgettable viewing experience, Willis Tower attracts more than 1.6 million visitors per year. For more information, please visit willistower.com / theskydeck.com.
Entic helps owners of commercial real estate portfolios to achieve substantial utility cost reduction and increased asset value through greater operational visibility and performance. Used by some of the most recognized names in real estate, hospitality, healthcare and sports, Entic’s scalable approach delivers low-cost, no-cost opportunities to realize significant savings. For more information, please visit www.entic.com and follow Entic on Twitter @enticusa.