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,” says Christopher J. Oftedal, CPM®, Senior Regional Manager, Director of Sustainability, Weingarten Realty. “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, and assesses the sustainability performance of existing properties in five categories – energy, water, health, recycling, and purchasing.
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.
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 the real estate investment trust (REIT) to demonstrate a commitment to owning and operating high-quality assets and achieving long-term value for shareholders.
For more information on the certification, visit www.irem.org/gogreen or contact Todd Feist at email@example.com.
About the Author
Todd Feist is the Sustainability Program Manager at IREM Headquarters in Chicago. He develops classroom and online courses and helps manage the IREM Sustainability program, including the IREM Certified Sustainable Property certification.