Alexandria Real Estate Equities

Background

Alexandria Real Estate Equities, Inc. (ARE) is a publicly traded company and real estate investment trust. Their mission is focused on leasing commercial real estate to prominent companies in biotech, aerospace and advanced technologies. With dozens of properties upgraded, ARE has been a long-time Citizen Energy customer. Initially, Citizen Energy was contracted to significantly improve illumination in the parking lots and exterior, without increasing energy consumption, at this property located at 946 Clopper Rd.

Results

Citizen Energy replaced all parking lot and exterior lighting fixtures with commercial grade LED technology. This increased safety, leasing appeal, and property value. Total savings at this 946 Clopper Rd property are almost $19,000 annually, however, Citizen Energy has saved ARE almost $1 million annually across their portfolio.