by Ann Withanee — August 19, 2011—Lighting improvements have slashed energy consumption at a Capital Commercial Investments portfolio property, giving the corporate facilities three substantial advantages by cutting energy costs, earning a substantial utility incentive grant, and reducing environmental impact.
Bluestone Energy Services, LLC, a provider of energy conservation engineering and project development services for industrial and commercial clients, reveals that its lighting project for the 495 Business Center will provide an 800,000 kWh reduction in annual electrical consumption—exceeding original savings estimates.
Working with the property’s management company, Genesis Management Group, Bluestone Energy designed and implemented a lighting retrofit for the entire 495 Business Center facility, securing a $58,900 incentive from National Grid. The project has a one-year return-on-investment (ROI), and the facility’s annual energy bill will be reduced by $94,000.
The 495 Business Center, formerly belonging to Wang Laboratories, is a 722,000-square-foot facility located in Tewksbury, Massachusetts. The building is owned by Austin, Texas-based Capital Commercial Investments, Inc., a real estate investment firm that specializes in locating and purchasing undervalued commercial investment properties throughout the United States.
