Kimco Realty, PG&E Address Tenant Energy Use in Shopping Centers
Kimco Realty, a real estate investment trust that owns and operates neighborhood shopping centers, and Pacific Gas & Electric have launched an effort to reduce tenant energy use.
“What makes this project unique is not the specific energy-conservation measures but rather the focus on overcoming common barriers to implementation in this large category of real estate,” said Will Teichman, Kimco’s director of sustainability. “Both Kimco and PG&E recognize that large multi-tenant light commercial buildings present some of the most frequently overlooked efficiency opportunities in the market today. By developing models to overcome the so-called ‘split incentive’ between landlords and tenants, we hope to shine a light on these overlooked opportunities.”
Kimco’s Westlake Shopping Center in Daly City, Calif., will serve as the project’s pilot site. The 686,000-sq-foot Westlake Shopping Center was selected for the tenant energy efficiency initiative because of its location within PG&E’s service territory, the diverse range of retail tenants at the property, and because Kimco has been actively implementing efficiency solutions at the center.
Recent enhancements include the installation of energy-efficient lighting in Westlake’s common areas and the addition of an energy management system to monitor and control common area electric usage.
Teichman said the energy management system was custom-built to Kimco’s specifications and leverages Tridium’s Niagara infrastructure. The installation at Westlake was a pilot for developing a modular and low-cost exterior lighting control system for Kimco’s portfolio of several hundred shopping centers nationally. Since completing the pilot at Westlake, Kimco has installed the system at 50 additional properties and will complete an additional 80 installations by year-end.
This month, Westlake will debut the San Francisco Bay Area’s first eVgo Freedom Station, which offers standard 240-volt electric vehicle charging and a DC Fast Charger that can provide a nearly full charge in about 30 minutes.
Kimco has turned its focus to tenant energy utilization after its own data, collected since the company launched its Corporate Responsibility Program in 2010, showed that upwards of 85 percent of the energy used within its shopping centers results from tenant business operations. Landlord-controlled common areas account for the rest of a shopping center’s energy footprint.
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