Regency Centers Receives LEED Certification For Three Developments

Regency Centers Corporation (NYSE: REG), a national owner, operator and developer of grocery-anchored community shopping centers, is proud to announce that they have received LEED Certification for three of their recent developments. The certified projects are East Washington Place, Grand Ridge Plaza, and Juanita Tate Marketplace, which join seven other LEED developments the company has completed since 2009. The USGBC’s LEED green building certification system is the foremost program for the design, construction and operation of green buildings.

East Washington Place, north of the San Francisco Bay area, achieved LEED Silver. Grand Ridge Plaza, located east of Seattle in the Issaquah Highlands community, also achieved LEED Silver. Lastly, Juanita Tate Marketplace, located near downtown Los Angeles, attained LEED Certified. Combined, the three recently completed projects represent over 390,000 square feet of LEED Certified developments.

“These certifications are a reflection of our overall commitment to sustainability,” began Mark Peternell, Vice President of Sustainability. “Two of these three projects – East Washington Place and Grand Ridge Plaza – were targeted for the proceeds of our recent Green Bond offering, and we’re proud to be able to demonstrate to our investors how their capital is being used to finance projects that demonstrate excellence in sustainable design and construction.”

While each project pursued unique green building strategies to attain their respective LEED certifications, there were three major areas of emphasis shared between the projects: energy efficiency, water conservation, and a strong commitment to reducing waste.
  • Energy Efficiency Results – On average, the three projects are expected to reduce building energy use by 21%, a total forecasted reduction of over 1.5 million kilowatt hours per year. The energy efficiency measures range from high performance variable speed fan HVAC units, to LED lighting and advanced energy management systems.
  • Water Conservation Results – Combined, these projects are forecasted to reduce potable water consumption by more than a half million gallons per year, accomplished through smart water management, xeriscaping, and high efficiency plumbing fixtures.
  • Waste Management Results – In total, over 16,500 tons of waste was diverted from the landfills during construction. The diverted material was either re-used on-site during construction, or sent to an off-site recycling facility.

“These three projects represent another testament to our commitment to reducing natural resource consumption and improving the overall sustainability performance of our portfolio of shopping centers,” Peternell continued. “These projects are something the local communities can be proud of today, and for generations to come.”

About Regency Centers

With more than 50 years of experience, Regency is the preeminent national owner, operator and developer of high-quality, grocery-anchored neighborhood and community shopping centers. The company’s portfolio of 332 retail properties encompasses over 43.9 million square feet located in top markets throughout the United States, including co-investment partnerships. Regency, a market leader in sustainability, has developed 215 shopping centers since 2000, representing an investment at completion of more then $3 billion. Operating as a fully integrated real estate company, Regency is a qualified real estate investment trust that is self-administered and self-managed.

Copyright Business Wire 2010

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