M id A tlantic Real Estate Journal — New Jersey — May 21 - June 17, 2021 — 3B
www.marej.com
N ew J ersey Plans including upgrades to HVAC Systems in all buildings
Approved energy savings improvement plan for Hackensack Public Schools will fuel $12.5M
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The school board pursued the ESIP program—designed to provide public entities a funding option for energy- related improvements using the value of the energy savings that result from the projects— to pay for the much-needed up- grades to address the district’s growing student population and aging facilities. Projects include: • HVAC upgrades at all schools including 53 class- rooms at Hillers School and Hackensack Middle School, which will also receive ventila- tion upgrades; • Replacing unit ventilators,
steam traps, radiators, boilers, transformers, air handlers and chillers across all facilities; • The replacement of more than 10,000 lighting fixtures with LEDs; • Solar panels on all build - ings, a project that will save $206,000 annually; • Weatherizing all building envelopes; • Upgrading building con - trols to enterprise manage- ment systems; “This milestone is the next step forward in implementing important projects that will increase energy efficiency, reduce energy consumption
and improve the educational experience for all students and staff,” said Hackensack Super- intendent Robert Sanchez . “The HVAC and window replacements are particularly timely as the board prioritizes ensuring that students, fac- ulty and staff are returning to healthy buildings,” said Donna Coen O’Gorman, AIA, LEED green associate, project manager for DMR Architects . According to the Environ- mental Defense Fund, the average American car emits about seven tons of CO2 a year. “In essence, we are reducing
carbon emissions similar to if we took nearly 370 cars off the road while also benefiting everyone in Hackensack but without costing anything to our taxpayers,” said Sanchez. The district is being guided through the ESIP process with the support of its architect of Record, DMR Architects. Johnson Controls was hired to prioritize a list of projects and submit the ESIP proposal to the New Jersey Board of Public Utilities. Construction on the ESIP projects will begin in summer 2021 and continue through summer 2022. MAREJ
ACKENSACK, NJ — With the recent approval of a New Jer-
sey Board of Public Utili- ties’ Energy Savings Im- p r o v emen t Plan (ESIP), the Hacken- sack Board of Education wi l l b e g i n energy im-
Donna Coen O’Gorman
provement projects valued at $12.5 million, without utilizing its capital reserve or impacting taxpayers. The proposed improvements will ultimately result in cost savings of nearly $11 million over the next 20 years and reduce Hackensack’s carbon footprint by 5,146,261 pounds of CO2 annually. Diversified Props. inks over 5,000 s/f in leases at Montville office building Montville Center MONTVILLE, NJ — Di- versified Properties has signed two office leases with Montville Financial Group, LLC for 2,694 s/f and Guaran- teed Rate, Inc for 2,306 s/f at Montville Center located 350 Main Rd. in Montville. Montville Center is com- prised of a 33,900 s/f, two-sto- ry office building and a 98,000 s/f CubeSmart self-storage facility situated on a five-acre site located at the intersec- tion of I-287 and Rte. 202 in Montville. The office building boasts on-site ownership and management, on-site daycare provided by Kiddie Academy, and a parking ratio of 4/1,000, making it an ideal destination for medical and professional services users like Montville Financial Group and Guar- anteed Rate. The leases with Montville Financial Group and Guaran- teed Rate bring the building’s occupancy to 98% and marks the continued success of Di- versified Properties’ value- add strategy at Montville Center. MAREJ
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