The plan calls for enacting 0.75% and 2% utility energy efficiency standards for natural gas and electricity, respectively, improving energy efficiency programs, adopting new clean energy and energy efficiency financing mechanisms and strengthening building and energy codes and appliance standards.
In the firm's fourth quarter 2019 report on the Southern New Jersey and Southeastern Pennsylvania markets, WCRE states that although leasing activity was down overall, vacancy rates remained low and gross leasing absorption was positive.
The financing will facilitate the construction of a 1.2-million-square-foot mixed-use tower, part of a 1.9-million-square-foot development that will feature office, residential condominium and retail space.
The unidentified company signed a new 29,974 square-foot lease deal at the two-story, 139,750-square-foot asset, which combined with its previous 26,556 square feet of sublease space, brings its presence at the complex to 56,530 square feet.
As executive director of the Fair Share Housing Center, Walsh led the enforcement of the Mount Laurel doctrine to promote racial and economic integration in New Jersey through the expansion of affordable housing.
The financing was originated by Square Mile Capital Management, LLC of New York City for the development of parcels EF and Q1, which will contain lab, office and retail space.
The 128,172-square-foot retail center is located in Philadelphia suburb of Mount Laurel, NJ on Route 38 West and is anchored by Aldi, Planet Fitness and Dollar Tree.
Completed in 2017 as a spec development, the class-A industrial facility located in DuPage County will include more than 330,000 square feet of warehouse space, in addition to 40,000 square feet of temperature-controlled space and 8,500 square feet for corporate offices.
The property at 985 Route 17 is accessible from Routes 57, 80, and 206 and paired with its zoning made it an ideal acquisition for the new buyer, who plans on leasing the space on a per-acre basis for small and larger companies that require storage for heavy and light equipment.