Kimco Spends $8M to Upgrade Shopping Center Lighting
Kimco Realty, a publicly traded owner and operator of neighborhood shopping centers, is embarking on a nationwide program to reduce energy consumption of its exterior lighting.
The Illumi-Nation program will first launch in Kimco’s Western region. The company plans to invest about $8 million over the next year to overhaul lighting systems at more than 100 properties by retrofitting and replacing older bulbs and fixtures with more energy efficient technologies, such as LEDs.
Will Teichman, Kimco’s director of sustainability, said the company will be procuring through a combination of a national materials RFP and regional bidding for installation of groupings of projects. “This process will begin In November,” he said. “We have tested this process during several projects in 2014.”
A pilot Illumi-Nation program was initiated at Kimco’s 280 Metro Center in Colma, Calif., in which the property experienced a 32 percent reduction in common area energy consumption and improved lighting levels post retrofit. Based upon the cost savings and other benefits, the company plans to expand the Illumi-Nation program across select properties in California, Oregon, Washington, Arizona and Colorado over the next year and more broadly across its national portfolio in subsequent years.
The planned projects will also improve the quality of exterior lighting throughout Kimco’s centers. Teichman said in most cases, the lighting upgrades will also include sensors. “We have already invested in a state-of-the-art circuit level lighting control system at most properties. With the additional capabilities of LEDs, we will be considering expanding this platform to include fixture level controls such as motion sensing and dimmability.”
Kimco recently won the US Department of Energy’s Lighting Energy Efficiency in Parking Award for its Gateway building controls program, which reduced average per-property common area electric consumption by 18 percent.
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