Plymouth Industrial REIT, Inc. (NYSE: PLYM) announced that all four projects in the first phase of the Company’s development program have achieved Green Globes® certification for Core & Shell Construction for sustainability efforts during the design and delivery process. The certification demonstrates Plymouth’s commitment to current and future building operations best practices, occupant health and wellness, and reducing carbon emissions.
Jeff Witherell, Chief Executive Officer and Co-Founder of Plymouth, noted, “We take our responsibilities for the environment very seriously with a goal of reducing energy consumption and increasing our use of renewable energy. Joining GBI in 2022 was consistent with this goal as well as a long history of operating with integrity – one of our three founding pillars. We are pleased to receive a Two Green Globes ranking on three of the developments and a Three Green Globes certification on a fourth. Plymouth has also made significant progress on environmental projects that have positive bottom-line impacts for us and for our tenants such as LED lighting conversions, cool roofs and solar power.”
Vicki Worden, President & CEO of Green Building Initiative, added, “GBI is proud to have Plymouth Industrial REIT as an organizational member at the Stewardship level and a participant on our Building Industry Advisory Council. Through earning high scores on their initial Green Globes assessments and taking an active role in our growing community, Plymouth is demonstrating their commitment to fulfilling GBI’s mission of reducing climate impacts by improving in the built environment.”
Administered by the Green Building Initiative (GBI), Green Globes is a nationally recognized green rating assessment and certification system that ensures projects meet clearly defined criteria in seven assessment areas: Project Management, Site, Energy, Water, Resources, Emissions, and Indoor Environment. In addition to evaluating documentation in each of these performance areas, the Green Globes certification process includes an onsite assessment with a third-party Assessor to verify implementation.
54 Milliken Street, a 68,088-square-foot industrial building located in Portland, Maine that was completed in the fourth quarter of 2022 and is 100% leased, received a Two Green Globes level of certification. Calhoun I, a 236,600-square-foot industrial building located in the Atlanta market that was completed in the first quarter of 2023 and is 100% leased, received a Two Green Globes level of certification. Fisher Park North, a 154,692-square-foot industrial building in Cincinnati, Ohio that was completed in the first quarter of 2023 and has a number of lease offers pending, received a Three Green Globes level of certification. Calhoun II, a 180,000-square-foot industrial building located in the Atlanta market that is expected to be completed in the second quarter of 2023 with multiple leasing prospects being actively considered, received a Two Green Globes level of certification.
Other environmental projects recently completed by Plymouth include:
- 15.0 million square feet, or approximately 44% of the portfolio, has been converted to LED lighting – reducing total electricity consumption across the entire portfolio by approximately 8%
- 14.5 million square feet, or approximately 42% of the portfolio, has “cool roofs,” including 1.72 million square feet of silicone roof coatings which eliminate landfill waste
- Installed 1,000 kilowatts of solar power with contracts to install an additional 10,000 kilowatts of solar power by the end of 2024 with a targeted program size of up to 40,000 kilowatts
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