6A — December 2023 — Owners, Developers & Managers — M id A tlantic Real Estate Journal
www.marej.com
O wners , D evelopers & M anagers
Hutchinson unleashes substantial energy savings in Moorestown, NJ Optimizing Energy Efficiency for a clinical packaging powerhouse: Xerimis chooses direct install
I n the fast-paced world of pharmaceutical and biotech industries, where cutting-edge innovations and life-saving medications are developed, every detail mat- ters. Xerimis, a privately held, specialized company providing customized clinical packaging services on a global basis, of- fers storage of clinical supplies under qualified, temperature controlled conditions for clini- cal trials. For many years, Xerimis has relied on Hutchinson, a leading energy and me- chanical service contractor, to
handle HVAC services such as preventive maintenance and emergency service repairs for its U.S. headquarters located in Moorestown, NJ. The 64,000 s/f facility houses controlled and secured warehousing and storage, along with a host of packaging rooms, inspection areas and more. “It’s essential for us to have a reliable, efficient HVAC system to ensure proper tem- perature control for drug prod- uct storage as we’re required to maintain a certain tem- perature range,” said Marty Sockwell, director of quality
assurance, validation, Xerimis. Sockwell notes that Hutchin- son handled HVAC repair work for the 20+ year-old units but over time it became appar- ent that it would be more cost effective to replace the units with high-efficiency units and reap energy saving opportuni- ties in the future. After assessing the 36 roof- top units, ranging from 3 to 7.5 tons each, Hutchinson identi- fied 22 units that qualified for the PSE&G Direct Install Program which is designed to deliver comprehensive, cost- effective energy efficiency
equipment for eligible business customers, with 12-month individual facility electricity average peak demand usage of less than 200kW. As an authorized Direct In- stall contractor, Hutchinson replaced the inefficient units with high-efficiency rooftop units with a SEER rating of 14 or more, and also installed dual enthalpy economizers and Demand Control Ven- tilation to maximize energy efficiency/savings. Through Direct Install, the total project cost was $609,000. Xerimis received
an incentive of $487,000 and only paid $122,000 for the up- graded HVAC units. Xerimis also took advantage of the PSE&G on bill financing for 5 years at 0% interest. “Because of the Direct In- stall subsidy, it was clear that we needed to jump on this opportunity and replace the HVAC units for cost-effective energy efficiency savings,” said Sockwell. MAREJ Thalhimer inks sale downtown Richmond apt. portfolio Cushman & Wakefield |
OUR CUSTOMERS SAVED BIG WITH DIRECT INSTALL. YOU CAN TOO!
“Because of the Direct Install subsidy, it was clear that we needed to jump on this opportunity and replace the HVAC units for cost-effective energy efficiency savings.” – Marty Sockwell Director of Quality Assurance, Validation Xerimis
The Bowers Building RICHMOND, VA — Cush - man & Wakefield | Thalhim - er’s Capital Markets Group has represented the seller, 1206 Shockoe Lane LLC, in the sale of a two-building, adaptive reuse mixed-use portfolio con- sisting of 30 apartment units and 12,000 s/f of ground-floor office space located within Richmond’s historic Shockoe Slip submarket. Thalhimer Realty Partners acquired the portfolio for $6,175,000 on November 14, 2023. The transaction was completed by Bo McKown of Cushman & Wakefield | Thalhimer’s Capital Mar- kets Group. Jim Ashby , also with Thalhimer, provided market leasing expertise during the sale. The Bowers Building, lo- cated at 104 Shockoe Slip, was originally built in 1880 as the HQ for a national coffee and tea manufacturer and was redeveloped in 1977 by the seller with 16 apartment units over ground-floor commercial spaces. MAREJ
Turn to Hutchinson, the region’s leader in energy services. As an authorized utilities trade ally for the Direct Install program , we can replace inefficient HVAC and lighting equipment for small to medium sized C & I existing facilities. Our turn-key approach includes a free onsite energy audit and recommended money-saving energy efficiency upgrades. n Generous incentives and 0% on bill financing n Turn-key process with quick project turnaround time n HVAC, Lighting and Automated Climate Control Upgrades
Contact a Hutchinson energy specialist today!
888-777-4501 • HUTCHBIZ.com Serving the Greater Tri-State Region, including South Jersey, Central Jersey, Philadelphia and its suburbs and Northern Delaware.
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