Premier Office Property Sees $8 Million Increase in Net Asset Value By Optimizing Water Usage
58% reduction
in water use
$8 million
Increase in net asset value
93 million
gallons saved
Project of the Year
2017 Winner of Environmental Leader’s Award
58% reduction
in water use
$8 million
Increase in net asset value
93 million
gallons saved
Project of the Year
Environmental Leader’s 2017
Lincoln Centre, owned by TIAA-CREF and managed by Cushman & Wakefield, is a premier commercial property located in Dallas, Texas.
Prior to working with Banyan Water, the Lincoln Centre team lacked water-use visibility and was unable to verify or forecast water bills. It was also challenging for them to gather the right data to make informed water-saving decisions. Cushman & Wakefield partnered with Banyan Water and was immediately able monitor, adjust, and optimize the environmental and financial impacts of water use in real time.
“Water savings and financial savings are the
biggest benefits, and the landscape hasn’t suffered at all.”
Scott Grissom
Chief Engineer, Cushman &
Wakefield
The Property
- Located in Dallas, Texas
- 108 tenants
- LEED Silver O&M Certified
- BOMA 360 Designation
- Energy Star Certified
- 32 acres
- 41 leaks detected
Lincoln Centre, a prestigious office property in Dallas, faced rising water costs and the challenge of a historic drought in Texas.
Seeking both profitability and sustainability, the property management team at Cushman & Wakefield struggled with monitoring water usage and lacked the necessary data to make informed decisions. However, by partnering with Banyan Water, they gained real-time visibility and control over their water consumption. Banyan Water’s expert managers ensured efficient water usage through constant monitoring and optimization. This technology-enabled water management solution allowed the Cushman & Wakefield team to focus on other important tasks, while experiencing significant water and financial savings without compromising the beauty of the landscape.
Banyan Water’s partnership with Lincoln Centre has yielded significant results in terms of water and financial savings
In their first year of partnership, Banyan Water reduced the Lincoln Centre’s outdoor water use by 9,700,000 gallons, saving the property almost $40,000 in water bills.
Despite a 16% increase in water rates, Lincoln Centre has maintained consistently low bills and saved between 125,000 – 550,000 gallons of additional water per year through leak detection. The biggest benefits included significant savings, a well-maintained landscape, and freed-up operational capacity due to Banyan Water’s turnkey service.
Continued low water bills and maintained landscape, despite a 16% increase in water rates
Detection of major leaks, saving between 125,000 – 550,000 gallons of water per year.
Banyan’s turnkey service frees up operational capacity for Cushman & Wakefield
Cushman & Wakefield is taking the lead in helping to protect precious water resources.
As a premier property management company, Grissom says, “Cushman & Wakefield is always looking for ways to save money and increase property values and tenant satisfaction. Irrigation is one of the easiest ways to impact water usage without requiring the tenants to act.”
Lincoln Centre has won several awards and certifications related to their work with Banyan Water.
In 2017, Lincoln Centre and Banyan Water were awarded Environmental Leader’s prestigious “Project of the Year” award for their achievements in water savings. Lincoln Center has also received a LEED Silver O&M Certification, a BOMA 360 Designation, and an Energy Star Certification
Reduce Your Water Consumption, While Maintaining Beautiful Landscapes
