Weingarten Realty achieved the IREM® Certified Sustainable Property certification for its Centerwood Plaza shopping center as part of its ongoing dedication to exemplifying its “GreenForward” sustainability strategy. Weingarten Realty actively embraces initiatives as part of its GreenForward strategy that support the future of environmentally-friendly retail centers.
At Weingarten Realty, we are committed to our role as a corporate partner to the environment, our stakeholders, and the communities we serve. It was with great pleasure we partnered with IREM® to pursue the IREM® Certified Sustainable Property. It is our hope that this initiative will demonstrate how achievable this certification is and enable companies in our industry to complement their business strategies with sustainable practices.
Shopping centers—especially existing properties—have been underrepresented in green building certifications such as LEED for Existing Buildings. IREM’s certification provides this property type with a viable path to recognition for resource efficiency and environmental programs. The attainable, affordable certification is also available for office properties and multifamily communities.
Weingarten plans to count the certification in their 2016 GRESB submission. GreenForward, GRESB, and now the IREM Certified Sustainable Property® certification complement one another to allow us to demonstrate a commitment to owning and operating high-quality assets and achieving long-term value for our shareholders.
“Exceptional management is crucial to the continued performance of sustainable and energy efficient properties – and to maximizing the value of investment real estate,” says Lori Burger, CPM®, IREM® President, Eugene Burger Management Corporation, AMO®, Rohnert Park, California. “Weingarten has demonstrated outstanding commitment to green initiatives by achieving the IREMÒ Certified Sustainable Property certification for its shopping center property.”
About Weingarten Realty’s Centerwood Plaza
Centerwood Plaza was Weingarten’s first property to achieve IREM Certified Sustainable Property Certification Anchored by Superior Grocer, Centerwood Plaza serves a highly dense community with over 290,000 people living within 3 miles with incomes close to $65,000. Situated in a trade area bounded by four major freeways, this center benefits from excellent exposure to over 60,000 cars daily. Centerwood Plaza has embraced sustainability by implementing various measures throughout the past several years. These measures include, but are not limited to native landscaping, energy efficient lighting, energy efficient roofing, tenant recycling programs, and environmentally-friendly construction build-out procedures.
About IREM® Certified Sustainable Property Certification
The IREM® sustainability certification assesses the sustainability performance of existing properties in five categories – energy, water, health, recycling, and purchasing. Thousands of existing office, multifamily, and retail properties in the United States are working toward sustainability goals but cannot get LEED certification. It’s too far out of reach and does not make financial sense. The IREM® Certified Sustainable Property is much more customized to property managers – whereas LEED’s requirements are often out of a property manager’s control. Many properties have successful sustainability programs but no way to validate them and demonstrate green performance to stakeholders. IREM® saw a need for a new sustainability certification program, one that is attainable, affordable, meaningful, and available to three main property types—office properties, multifamily communities, and shopping centers. Visit www.irem.org/gogreen. Questions? Contact firstname.lastname@example.org, 312-329-6096 or 800-837-0706 x 6096.