Plymouth Industrial REIT Selected as 2023 Green Lease Leader by the Department of Energy’s Better Buildings Alliance and the Institute for Market Transformation
16 Juni 2023 - 1:00PM
Plymouth Industrial REIT, Inc. (NYSE: PLYM) announced that the
Institute for Market Transformation (IMT) and the U.S. Department
of Energy’s (DOE) Better Buildings Alliance named Plymouth as a
2023 Green Lease Leader during the recent Better Buildings, Better
Plants Summit. Launched in 2014, Green Lease Leaders sets standards
for what constitutes a green lease, while recognizing landlords and
tenants who modernize their leases to spur collaborative action on
energy efficiency, cost-savings, air quality improvement, and
sustainability in buildings.
Plymouth achieved Silver recognition for
instituting a green lease to make its buildings greener, healthier
and safer. To receive this recognition, the Company qualified for
credits in energy efficiency and sustainability best practices such
as utility data tracking and sharing, cost recovery for capital
improvements and sustainability training.
Jeff Witherell, Chairman and Chief Executive
Officer of Plymouth Industrial REIT, noted, “We have pursued our
sustainability initiatives with the goal of doing what is right for
our shareholders and tenants from an economic standpoint as well as
what is best for the environment. The green lease we recently
signed at our 3701 David Howarth Drive building in the Indianapolis
market accomplishes each of these objectives.”
Plymouth is proud to be part of the national
trend toward green leases in commercial spaces. This year the
program expanded by 31%, including 34 new winners. Additionally,
six companies earned Platinum recognition, achieving even more
stringent requirements. The overall program growth reflects a wide
acceptance that green leases are a critical tool for improving
buildings and meeting corporate environmental and social goals.
This year’s Green Lease Leaders represent portfolios totaling over
three billion square feet and comprise a diverse range of buildings
from large and small commercial offices to data centers and
industrial and multifamily buildings. The cumulative floor area of
all Green Lease Leaders is now nearly 6.5 billion square feet of
building space.
IMT estimates that green leases can help reduce
utility bills by up to approximately 50 cents per square foot (22
percent) in U.S. office buildings alone. If all leased office
buildings executed green leases, the market could reap over $3
billion in annual cost savings.
Learn more about Green Leasing by visiting
GreenLeaseLeaders.com or reading Green Lease Leaders’ case
studies
About Plymouth
Plymouth Industrial REIT, Inc. (NYSE: PLYM) is a
full service, vertically integrated real estate investment company
focused on the acquisition, ownership and management of single and
multi-tenant industrial properties. Our mission is to provide
tenants with cost effective space that is functional, flexible and
safe.
Contact: Tripp SullivanSCR
Partners(615) 942-7077IR@plymouthreit.com
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