Commercial, Demand Management, Energy Efficiency - June 27, 2017
A&B to upgrade efficiency at commercial buildings
One of Hawaii's largest private landowners, Alexander & Baldwin Inc., is undertaking a series of energy efficiency performance upgrades to three of its Oahu commercial properties with the intent to expand the program across its portfolio.
The Hawaii-based company, which has interests in commercial real estate, land operations, materials and infrastructure construction, said June 20 that the Oahu properties will undergo a series of performance upgrades to their lighting, heating and cooling systems designed to deliver occupant comfort more efficiently. Following a successful energy efficiency pilot last summer, at Pearl Highlands Center, Kaka`ako Commerce Center and Manoa Marketplace.
The energy efficiency initiatives are expected to result in a lifetime reduction of more than 9,700 tons of carbon, equivalent to conserving more than 22,600 barrels of oil, according to a June 20 news release. The properties will be equipped with advanced controls that make the buildings more responsive to changing user needs, inevitable shifts in equipment performance, as well as weather conditions.
"Because buildings are dynamic and equipment performance degrades over time, the Carbon Lighthouse engineers will continually monitor each property to identify variances and take corrective action, ensuring that A&B and its tenants realize long-term and guaranteed energy savings," the company said in a statement.
A&B plans to expand the efficiency program to other commercial properties in its real estate portfolio, with the Kahului Office Building on Maui scheduled next, to achieve even greater financial and environmental benefits.
A&B manages a portfolio comprising 4.7 million square feet of leasable space in Hawaii and on the U.S. Mainland and is the largest owner of grocery/drug-anchored retail centers in the state. A&B is also Hawaii's largest materials company and paving contractor.
"At A&B, we prioritize energy efficiency as part of our broader strategy to enhance value," Kit Millan, vice president of asset management for A&B Properties, said in a statement.