REAL ESTATE

Regency Centers partners with U.S. Department of Energy on parking lot project

BY CSA STAFF

Falls Church, Va. Jacksonville, Fla.-based shopping center owner and developer Regency Centers said Friday it is participating in the Department of Energy Solid State Lighting Technology Demonstration Gateway program to incorporate LED parking lot lighting at its Willston Centre II in Falls Church, Va.

Gateway Demonstrations showcase high-performance LED products and provide real-world experience and data on product performance and cost effectiveness. 

According to Mark Peternell, Regency Centers’ VP sustainability, the Willston Centre II shopping center will serve as a test site to determine the viability of expanding LED parking lot lights at other Regency shopping centers nationwide.

“We are honored to be among industry leaders working with the DOE and the national laboratories to advance the development and market adoption of promising energy-efficient technologies,” said Peternell.

According to Peternell, LED parking lot lighting is a new technology that has potentially enormous energy savings. The lights are more precise in their direction, while reducing waste light and limiting glare.

“The primary aim of Regency’s involvement in the DOE’s Gateway project and Commercial Building Energy Alliance is reducing the energy costs, greenhouse gas emissions, and on-going maintenance costs,” said Peternell. “We also expect our efforts to showcase this promising energy-efficient technology in order to encourage use, and ultimately drive down costs. Plus, it’s the right thing to do and will provide a measurable benefit to our retailers in the form of lower electricity bills and CAM savings.”

The DOE predicts that LED parking lot lights will reduce parking lot energy needs by more than 50%, and maintenance costs by more than 80% compared to traditional parking lot lights. LED lights are projected for replacement every 10 years on average, while traditional High Intensity Discharge lights must be replaced every two to three years.

Regency Centers formally announced its plans to incorporate sustainable elements into its new developments, operating properties and corporate operations in 2007. Since then, the company has started a variety of programs designed to mitigate Regency’s impact on the environment. In addition to participating in this DOE initiative, Regency Centers has installed smart irrigation controllers at 90 shopping centers nationwide, LEED (Leadership in Energy and Environmental Design)-certified and LEED-registered eleven shopping centers under construction, and been selected by the U.S. Green Building Council to author its Green Retail Guide. Regency’s corporate greengenuity initiative includes a commitment to LEED certify a minimum of 60% of development starts in 2010.

Willston Centre II was originally constructed in 1986 and Regency Centers acquired the 127,449-sq.-ft. center in 2005.

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Target helps cardholders save

BY CSA STAFF

MINNEAPOLIS Target is offering customers that shop with their Target REDcard to save 5% on nearly all purchases at any Target store or on Target.com.

Beginning Oct. 17, the retailer said it would extend the savings program to all Target REDcard products, including the Target credit card, Target Visa credit card and Target debit card. In addition to receiving 5% off nearly all purchases using a REDcard, guests will receive a coupon good for 5% off a future day of shopping every time they fill five prescriptions at a Target pharmacy with a Target REDcard.

This new rewards program will replace the existing rewards program in which new account holders receive an initial 10% off coupon and existing cardholders earn coupons for 10% off a future day of shopping. The existing program ends on Oct. 16 at close of business.

“This innovative, new initiative will provide Target REDcard holders with tremendous value on our exciting merchandise assortment –– everything from electronics to fresh food,” said Terry Scully, Target financial services president. “This program makes Target’s low prices even lower, so there’s no need for Target REDcard holders to shop around.”

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NACS names supplier board chairman

BY CSA STAFF

ATLANTA Hershey’s VP customer industry affairs recently joined the National Association of Convenience Stores’ supplier board as chairman.

Tom Joyce will serve as the NACS supplier board chairman for the 2010-2011 term, NACS said. The NACS Supplier Board is comprised of individuals from NACS supplier member companies that represent different product and service categories in the convenience store industry.

In related news, VP convenience sales for Jack Link’s Beef Jerky, Scott Hill, will serve as chairman of the NACS supplier board for the 2011-2012 term.

Joyce and Hill were named to their positions during the NACS supplier board meeting at the NACS Show in Atlanta. As chair and chair-elect of the NACS Supplier Board, Joyce and Hill also serve as members of the NACS board of directors.

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