A — January 31 - February 13, 2014 — Mid Atlantic Real Estate Journal
www.marejournal.com
Accutech Environmental.............................................16B AKRF........................................................................... 14B All Rite Construction..................................... IBC-A & 9C Altoona Blair County.................................................. 12A AMC Fire..................................................................... 10B American Architectural................................................ 1B Azarian Group. .........................................................BC-C Bennett Williams.......................................................... 3C BL Companies............................................................... 6C Calkain Companies....................................................... 7C Capitol Aerials.............................................................. 2B Earth Engineering...............................................2B & 4C Eastern Union............................................................... 5C Elliott Lewis................................................................ 16B EMCO.......................................................................... 10C Entech Digital Controls.............................................. 15B Exchange Solutions. ..................................................... 1A Fowler.......................................................................... 19B G&C Electric................................................................. 8B Genova Burns..............................................................12B Gilbeaux...................................................................... 14B Greater Newark............................................................ 8A Greater Reading Economic Partnership...................... 6A Griffinland................................................................... 15A Haftek............................................................................ 2B Henry’s RE................................................................. IC-A Hollenbach Construction.............................................. 9B Hylant Group ................................................................8C IREM....................................................................... IBC-B Jewel Electric................................................................ 3B Jottan. ......................................................................... 11B Lee & Associates............................................................7A M. Miller & Sons........................................................... 4B Marcus & Millichap ................................................. BC-A McMahon........................................................................4C Mercer County.............................................................. 7A Metro Commercial........................................................ 2C Michael Baxter & Associates........................................ 2C MSB............................................................................... 7B NJAA........................................................................... 19B NJSS.............................................................................11A P. Cooper Roofing......................................................BC-B Penn’s NE.................................................................... 13A Penn’s NW................................................................... 14A Poskanzer Skott.............................................................3B Preferred Construction Mgmt...................................... 6B Professional Women in Construction........................... 4B Rational Contracting.................................................... 5B RD Management...................................................... IC-1C RT Environmental........................................................ 9A Singer Financial. .......................................................... 3A Subway........................................................................ 13C Transportation Resource Group................................... 8C MAREJ A dvertisers D irectory
Mid Atlantic R eal E state J ournal Publisher ............................................................................ Linda Christman Publisher ............................................................................... Joe Christman Publisher/Senior Account Executive ................................. Elaine Fanning Section Publisher .................................................................... Steve Kelley Senior Editor/Graphic Artist .................................................Karen Vachon Production Assistant ....................................................................Julie King Office Manager .................................................................... Joanne Gavaza Contributing Colomnist .......................................................Adam Kleeman Mid Atlantic R eal E state J ournal ~ Published Semi-Monthly Periodicals postage paid at Rockland, Massachusetts and additional mailing offices Postmaster send address change to: Mid Atlantic Real Estate Journal, 312 Market St. Rockand, MA 02370 USPS #22-358 | Vol. 25 Issue 22 Subscription rates: $99 - one year, $198 - two years, $4 - single copy REPORT AN ERROR IMMEDIATELY MARE Journal will not be responsible for more than one incorrect insertion Toll-Free: (800) 584-1062 | MA: (781) 871-5298 | Fax: (781) 871-5299 www.marejournal.com
Mid Atlantic Real Estate Journal
By Adam Kleeman
Strategic Choices Maximize Green Investments
G
reen, renewable, sus- tainable; they’re all big buzzwords in to-
day’s real estate market. From our experience working with real estate owners, developers and property managers, we’ve found that strategic investment in green energy products and services can provide opportuni- ties to increase the profitability of both new and existing prop- erties. Many of the energy saving products and services available today allow for the reduction or even the elimination of equip- ment traditionally needed to complete new construction or restoration of an existing property. These products and services are designed to save so much in energy costs that they pay for themselves over an increasingly short time frame, thereby reducing total capital costs for the project. In addition to cost savings and increased profitability, integrating green energy prod- ucts and services into new construction or renovation projects can help to reduce the negative environmental impact of building, while at the same time improving the health and well-being of occupants. It seems like a win-win sce- nario, but how do you deter- mine which green building products and services are most appropriate for your project? To get the most out of your investment in green building products and services, focus on features that will help your project earn Leadership in En- ergy & Environmental Design (LEED) certification. Developers of new construc- tion are focused on LEED cer- tification because it is quickly becoming standard. Any de- PHILADELPHIA, PA — NAI MERTZ has just an- nounced the sale of a 24,000 s/f institutional facility at 6632-46 Bustleton Ave. in Northeast Philadelphia. Rick Gordon and Marc Cutler are the bro- kers at Mertz who negotiated the transaction of the former synagogue between Bustleton
The views expressed by contributing columnists are not necessarily representative of the Mid Atlantic Real Estate Journal
veloper not focused on LEED certification or incorporating green energy solutions risks falling behind the competition. Those developers working with existing properties are also managing their renovations with LEED certification in mind. Getting certified allows real estate owners, developers and managers to take advantage of a number of state and lo- cal government incentives. As the number of tax incen- tives and credits continues to grow, LEED certification will also continue to build interest among prospective tenants in new or renovated properties. LEED certifications range from certified to silver, gold and platinum. When aiming for LEED certification of a new or existing building, make sure you’re hiring experienced, LEED-accredited service pro- viders who can help you get the highest rating. Their deep understanding of LEED re- quirements will help guide you through the different levels and various credit categories. The right service provider should provide recommendations on how to earn LEED credits without incurring additional expenses and identify ways to offset certain costs by saving costs in other areas. Look for Realty, LLC and the new own- er, Kingdom Empowerment International Ministries. Sale price is undisclosed. The Min- istries provides mentoring, life coaching and consulting servic- es, and with this purchase they will be able to expand their educational and community outreach programs. n
service providers who have a track record of helping proper- ties become more efficient and save on utilities. On the product side, the most effective ways to satisfy green building requirements include energy efficient lighting, solar panels and HVAC improve- ments. Solar panels can offer a huge savings. While the initial investment can be fairly significant, repayment on solar panels takes an average of only three to four years, depending on the size of the building. If the energy savings from solar panels means you can cover the cost within five years, then everything from that point for- ward is pure profit. Upgrading HVAC to modern standards will help to achieve the energy savings the owner demands and the efficiency that tenants expect. In short: green is good. But being strategic about what makes the most sense for your property is key to taking ad- vantage of the benefits of LEED certification and maximizing your return on investment in green products and services. Adam Kleeman is a part- ner in CohnReznick’s Com- mercial Real Estate Indus- try Practice. He is based in the Firm’s Baltimore, MD office. n
Gordon & Cutler of NAI Mertz negotiate sale of 24,000 s/f synagogue in Northeast Philadelphia
To advertise, call 1-800-584-1062
6632-46 Bustleton Ave.
Made with FlippingBook - Online Brochure Maker