Brixmor Property Group Upgrades Shopping Centers With Energy-Efficient Lighting To Improve Portfolio Quality And Visibility
Completed Lighting Upgrade Projects at 39 Properties; Estimated to Reduce Energy Use by 68 Percent or 6.1 Million Kilowatt Hours Annually
NEW YORK, Feb. 23, 2015 /PRNewswire/ -- Brixmor Property Group, Inc. (NYSE: BRX) announced today that in 2014, it completed lighting upgrade projects at 39 shopping centers that are estimated to reduce energy usage by a combined 68 percent, or 6,100,000 kilowatt hours annually, which is equivalent to the annual carbon emissions from electricity used in 585 homes or the greenhouse gas emissions from more than 10 million passenger vehicle miles1. This work aligns with Brixmor's company-wide "Raising the Bar" initiative, which is focused on enhancing the quality of its assets and improving the customer experience.
"The installation of energy-efficient lighting at select properties across our portfolio demonstrates our efforts to operate a sustainable business and enhance portfolio value by managing operating costs and improving the quality of our centers," said Daren Moss, Vice President of Environmental Management for Brixmor Property Group. "We are pleased with our initial progress and have identified at least 29 additional shopping centers as candidates for lighting upgrade projects in 2015."
The improvements involved replacing outdated, inefficient site lighting with energy-efficient, long-life LED lighting including; building mounted and under-canopy lighting upgrades, and parking field LED upgrades with individual dimming motion sensors that further reduce energy usage at times when there is little activity in the parking fields.
In addition to lighting upgrades for energy efficiency, Brixmor employs other sustainable practices within its portfolio with the goal of having a lasting impact on the communities in which it operates, including water conservation, waste reduction, electric vehicle charging stations and sustainable design. For example, Brixmor completed a complex environmental remediation at its Walmart-anchored Liberty Plaza in Baltimore, earning a 2013 ICSC U.S. Design and Development Award for sustainable design.
About Brixmor Property Group
Brixmor owns and operates the nation's largest wholly owned portfolio of grocery-anchored community and neighborhood shopping centers, with 522 properties aggregating approximately 87 million square feet of gross leasable area located primarily across the top 50 U.S. metro markets. Brixmor leverages its national footprint, local market knowledge and operational expertise to support the growth of its retail tenants. The Company is focused on maximizing the value of its portfolio through its extensive leasing capabilities and anchor space repositioning / redevelopment platform. Headquartered in New York City, the Company is the largest landlord to The TJX Companies and The Kroger Company. For additional information, please visit www.brixmor.com.
1 EPA Greenhouse Gas Equivalencies Calculator
SOURCE Brixmor Property Group, Inc.
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