"In reviewing our portfolio and speaking with tenants, we determined that a formal energy conservation program would provide benefits to our company, our tenants and the overall environment," says Kurt Padavano, Advance's COO. "GSH has a history of providing facilities and energy management solutions. We feel that expertise will provide significant savings throughout the buildings that are part of this program rollout."

That rollout will include three properties within Advance's 4.5-million-sf portfolio. The three are One Gateway Center, a 467,000-sf, 26-story Downtown tower in Newark; 1400-1430 and 1545 Route 206, a four-building, 144,000-sf campus here; and Metro East Business Campus, nine suburban office buildings totaling 580,000 sf in Landover, MD.

According to GSH US president Jamie Reynolds, the program will involve comprehensive preventive maintenance, beginning with an evaluation of all building systems leading to specific recommendations. "Overall, the energy conservation program will have a meaningful impact on many fronts," Reynolds says.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.