4C — September 23 - October, 20, 2022 — Owners, Developers & Managers — M id A tlantic Real Estate Journal
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O wners , D evelopers & M anagers
New Jersey CRE investment and management company contributes to a greener future Bergman Real Estate Group announces major sustainability initiatives across all properties
OODBRIDGE, NJ — Bergman Real Estate Group is contributing to a greener future. The New Jersey-based full- service real estate investment and management company is investing significantly into multiple sustainability initia- tives across its two-million- square-foot portfolio of office buildings. Large investments in renewable energy and small changes alike make up the full package of initiatives, from changes in cleaning sup- plies to the use of energy-effi - W
cient LED lighting, and more efficient HVAC controlled by modern building manage- ment systems that optimize energy consumption for better climate control. “We are making a major commitment to our tenants and our joint venture part- ners by investing in a cleaner and more environmentally friendly world,” said Steven Bergman , COO, Bergman Real Estate Group. “We want to do as much as we can to be a sustainable partner.” The new sustainability ini- tiatives are part of the Berg-
man Cares program. Launched in 2020, the program offers a growing suite of amenities at Bergman-managed proper- ties that aim to promote the health, safety, and well-being of tenant employees. “Prioritizing a healthy workplace goes beyond the enhanced HVAC filtration and cleaning procedures – it’s a holistic view that takes into account what’s important for employees and therefore to tenants as their businesses attract talent,” said Michael Bergman , CEO and presi- dent, Bergman Real Estate Group. “Offering environmen- tally friendly and sustainable solutions on a large scale is important for businesses and their employees alike, as they want to work with companies doing their part to support a greener world.” The newly launched sustain- ability program is anchored by a rooftop solar panel initiative that has been in development for the last decade. “For the last 10 years, we’ve been working to implement a solar program that helps lower the carbon footprint of our properties while saving ten- ants money,” Steven Bergman said. “We are excited to share that our properties now use clean, renewable energy that benefits our tenants and the environment.” Properties to be outfitted with solar panels this year include 555 U.S. 1 South in Iselin., 201 W. Passaic Street in Rochelle Park, 51 Haddonfield Road in Cherry Hill and 100-110 South Jef- ferson Road in Whippany. Other properties will receive solar upgrades as roofs need replacement, so plans to add renewable energy are baked into each property’s capital improvements program. The projected energy sav- ings of nearly 20% annually, coupled with the fixed cost of solar that helps the real es- tate firm better project cash flow, adds approximately $1 million in value, Steven Bergman said. “Switching to solar power brings an incredible benefit for our tenants and for Bergman Realty,” he said, adding that the addition of solar panels is paid for with tax credits, generating no out-of-pocket costs for either Bergman or tenants to benefit from renewable energy. MAREJ
Car charging stations at Bergman Real Estate's owned and operated property at 75 Livingston Avenue in Roseland, New Jersey.
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