EMERYVILLE, CA—Gridium's new electric utility rate optimizationtool has cut approximately $47,000 in operating expenses at TheTowers Emeryville, an 814,000-square-foot class-A office park thatis part of KBS' client portfolio. KBS used the software company'sdata analytics tool to identify annual utility rate cost savings of$0.06 per square foot.

Products and services that reduce operating costs are especiallysignificant as property owners grapple with concerns surroundingCOVID-19, according to Brent Carroll, asset manager for The TowersEmeryville and senior vice president for KBS.

"We are always looking for ways to manage operating costs whiledelivering unmatched properties and services to tenants in each ofthe markets that we invest," says Carroll. "The COVID-19 pandemicand shutdown have highlighted the need to keep expenses in check sothat we can focus on exceeding the expectations of our investors,partners and tenants. Assessing current and future electricity useto decrease operating costs will be particularly important in theaftermath of the pandemic. Products like Gridium's optimizationtool help us to achieve this goal."