Company Announcements

Columbia Property Trust Invests in Air Purification Technology Across Portfolio

Columbia enhances indoor environment quality with the installation of new air purification systems by AtmosAir and Otis Elevator, as part of its ongoing commitment to providing safe and healthy office spaces

NEW YORK--(BUSINESS WIRE)--Jan. 21, 2021-- Columbia Property Trust, Inc. (NYSE: CXP) announced today that it is installing new bipolar ionization (BPI) air purification technology in properties across its portfolio to enhance overall indoor environment quality for building occupants. The initiative is part of Columbia’s comprehensive, long-term approach to providing safe and healthy workspaces.

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Bipolar ionization (BPI) air purification technology is being installed in the air handling units and elevator system at 221 Main Street, a 381,000-square-foot office building in San Francisco’s South Financial District. Photo credit: Jeff Peters, Vantage Point Photography

Bipolar ionization (BPI) air purification technology is being installed in the air handling units and elevator system at 221 Main Street, a 381,000-square-foot office building in San Francisco’s South Financial District. Photo credit: Jeff Peters, Vantage Point Photography

Columbia has chosen to work with AtmosAir Solutions and Otis Elevator Company, respectively, to install technology that delivers BPI protection at more than 20 buildings and in over 100 elevator cabs across its portfolio. Installations began in late 2020 and the majority are scheduled to be completed by the end of the first quarter of 2021.

Bipolar ionization technology safely provides continuous active disinfection in the air and on surfaces. A unique benefit of these BPI systems is that they clean the air directly within indoor spaces, instead of requiring contaminants to pass through a separate air handler unit to be removed. As a result, BPI air purification systems can be installed in a building’s air handling units, as well as small, contained spaces such as individual elevator cabs, helping to address a key point of concern today for many occupants of multi-story office buildings. In tests performed by Microchem Laboratory, one of the nation’s preeminent laboratories for testing EPA- and FDA-registered sanitizing products, BPI technology quickly and significantly reduced airborne bacteria and viruses, including coronavirus, by more than 99% within 30 minutes.

Installing BPI technology is part of Columbia’s “Work Safe” program, which includes expanded cleaning and safety protocols, enhanced touchless entry systems, a digital occupancy tracking tool, and extensive tenant communication and team member training.

“With many companies signaling an expected return to their workspaces in the months ahead, Columbia has committed substantial resources and implemented numerous measures to provide for their employees’ safe and comfortable return to the office,” said Nelson Mills, Columbia’s Chief Executive Officer. “We view BPI technology not only as a response to the current health emergency, but also as an integral part of our longer-term commitment to the wellbeing of our tenants and employees.”

About Columbia Property Trust

Columbia Property Trust (NYSE: CXP) creates value through owning, operating, and developing Class-A office buildings in New York, San Francisco, Washington D.C., and Boston. The Columbia team is deeply experienced in transactions, asset management and repositioning, leasing, development, and property management. It employs these competencies to grow value across its high-quality, well-leased portfolio of 15 properties that contain approximately seven million rentable square feet, as well as four properties under development, and also has more than eight million square feet under management for private investors and third parties. Columbia has investment-grade ratings from both Moody’s and S&P Global Ratings. For more information, please visit www.columbia.reit.

Forward-Looking Statements:

Certain statements in this press release, including statements regarding future business operations, may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on management’s current expectations and involve a number of risks and uncertainties. Our actual results may differ materially from projections. For a discussion of some of the risks and uncertainties that could cause actual results to differ materially from those presented in our forward-looking statements, see Columbia Property Trust’s filings with the Securities and Exchange Commission, including the most recent annual report on Form 10-K. We caution readers not to place undue reliance on these forward-looking statements, which are based on current expectations and speak as of the date of such statements. We make no representations or warranties (express or implied) about the accuracy of, nor do we intend to publicly update or revise any such forward-looking statements contained herein, whether as a result of new information, future events, or otherwise.

Investor Relations Contact:
Matt Stover
T 404 465 2227
EIR@columbia.reit

Media Contact:
Bud Perrone
T 212 843 8068
Ebperrone@rubenstein.com

Source: Columbia Property Trust, Inc.