REAL ESTATE

Regency Centers completes first solar panel installation

BY Staff Writer

Jacksonville, Fla. — Regency Centers has announced the installation of the company’s first solar energy system at the Shops at Saugus in Saugus, Mass. The 18,740-sq.-ft. photovoltaic array, built with 1,064 rooftop panels, will generate an estimated 250 KW of renewable energy annually. The zero-emission power source will supply nearly 65% of the power needed by the center’s grocer Trader Joe’s.

The Shops at Saugus, a 97,904-sq.-ft. neighborhood center in the Boston area, was selected for Regency’s initial solar panel installation based on federal and state incentives, including Massachusetts’ Solar Renewable Energy Credit program.

“This project is a win-win scenario for Regency, Trader Joe’s and the environment. The Saugus solar system allows Regency to generate income from an unused portion of the shopping center roof, while meeting a majority of the energy needs for Trader Joe’s,” said Scott Prigge, senior VP national property operations, Regency Centers.

The Saugus solar installation will serve as a model for Regency to provide other retailers with eco-friendly energy options in other centers, according to the company.

Tim Lukes with Edison Energy served as a consultant to assist Regency with the installation of the solar panel installation.

Regency’s sustainability program greengenuity utilizes best practices in green building design, construction, operations and maintenance to reduce long-term operating costs and environmental impact of shopping centers. Current initiatives include smart irrigation, networked lighting, LED parking lot lights and innovative stormwater management systems.

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REAL ESTATE

SRS Real Estate announces new hire

BY CSA STAFF

Dallas – SRS Real Estate Partners announced that Pierce Mayson has joined the company as a senior associate in the Atlanta office.

Prior to joining SRS, Mayson worked as a retail investment sales broker in Newmark Knight Frank’s southeast capital group.

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REAL ESTATE

Stirling Properties to develop urban shopping center in New Orleans

BY Katherine Boccaccio

Covington, La. — Stirling Properties announced the closing of the land acquisition and development financing for Mid-City Market, a 107,713-sq.-ft. Winn-Dixie anchored shopping center located in New Orleans.

Mid-City Market’s amenities will include terraced outdoor seating and pedestrian plazas, benches, bike racks, trellises, and native landscaping throughout to compliment the proposed Lafitte Greenway pedestrian and bicycle pathway which will border Mid-City Market.

The proposed Greenway was a critical component and feature in the collaborative design effort of Mid-City Market.

To create space for a new 53,000-sq.-ft. Winn-Dixie, demolition of the former Bohn Ford dealership building is slated to start immediately. Stirling Properties said it also plans to construct three new buildings on North Carrolton Avenue and renovate an existing building on site to create space for new retailers and restaurants.

In addition to Winn-Dixie, tenants with executed leases in the development include Office Depot, Neighborhood Pet Market by Jefferson Feed, Felipe’s Taqueria, Pinkberry Frozen Yogurt, Five Guys Burgers and Fries, and Pei Wei Asian Diner. Mid-City Market is already 80% pre-leased with other tenant announcements forthcoming, said Stirling.

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