JACKSONVILLE, Fla.--(BUSINESS WIRE)--
Regency Centers (REG), a national owner, operator, and developer of grocery-anchored shopping centers is proud to be honored by the U.S. Department of Energy’s (DOE) Better Buildings Alliance and the Institute for Market Transformation (IMT) and as an inaugural Green Lease Leader. Regency Centers is leading the market by achieving the standards set by the Green Lease Leaders program and incorporating lease clauses that help overcome market barriers, and align tenant and property owner interests, to save energy in commercial buildings.
“As a contractual arrangement, the lease is a powerful tool to help landlords and tenants increase building energy efficiency,” said Kristen Taddonio, manager of the Energy Department’s Better Buildings Alliance. “The Green Lease Leaders recognized today are redefining the role that leasing space can contribute to the triple bottom line and setting a standard for the industry.”
Regency Centers is committed to being a leader in sustainability and engaging with its tenants around sustainability and energy efficiency is a key part of their overall sustainability strategy. “It’s an honor to be recognized as an inaugural Green Lease Leader,” said Mark Peternell, Regency’s Vice President of Sustainability. “By structuring our leases to better align incentives for sustainability and energy efficiency, we are helping the entire shopping center reduce its environmental impact while mitigating exposure to increasing and volatile energy prices.”
Cliff Majersik, Executive Director for IMT, offered his highest congratulations to Regency Centers, as well. “Because of this recognition program, brokers, landlords, and tenants now have a blueprint for writing leases that remove impediments to efficiency and align interests so landlords and tenants both benefit from improving building performance. IMT and the Better Buildings Alliance are proud to see that many of today’s Green Lease Leaders are using the lease transaction to lay the foundation for working together to boost sustainability on a major scale," he said.
About the Institute for Market Transformation
The Institute for Market Transformation (IMT) is a Washington, DC-based nonprofit organization dedicated to promoting energy efficiency, green building, and environmental protection in the United States and abroad. Much of IMT’s work addresses market failures that inhibit investment in energy efficiency.
About the Better Buildings Alliance
The Better Buildings Alliance is a U.S. Department of Energy (DOE) effort to promote energy efficiency in U.S. commercial buildings through collaboration with building owners, operators, and managers. Members of the Better Buildings Alliance commit to addressing energy efficiency needs in their buildings by setting energy savings goals, developing innovative energy efficiency resources, and adopting advanced cost-effective technologies and market practices.
About Regency Centers Corporation
Regency is the preeminent national owner, operator, and developer of high-quality grocery-anchored neighborhood and community shopping centers. With 332 retail properties, the company’s portfolio encompasses over 43.9 million square feet located in top markets throughout the United States, including co-investment partnerships. As of May 2014, Regency has developed 215 shopping centers since 2000, representing an investment at completion of more than $3 billion. Operating as a fully integrated real estate company, Regency is a qualified real estate investment trust that is self-administered and self-managed.
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Eric Davidson, 904-598-7829