LXP Industrial Trust Partners With Wunder to Deploy Solar at Chicago Property
July 23 2024 - 7:00AM
LXP Industrial Trust (“LXP”) (NYSE: LXP), a real estate investment
trust (REIT) focused on Class A, warehouse and distribution
investments, partnered with Wunder, a category-defining provider of
commercial energy solutions, to deploy an on-site solar system at
LXP’s Rockford, Illinois industrial facility. The 207 kilowatt
solar system, which came online in June 2024, is expected to
deliver substantial energy bill savings to the tenant. The system
is anticipated to generate 261,990 kilowatt hours of power in its
first year of operation alone, offsetting more than 403,500 pounds
of CO2 emissions.
Leslie Moore, SVP, Director of ESG and Corporate
Operations, commented, “We are excited to add another solar
installation to our portfolio to further enhance LXP’s
sustainability initiatives. Our partnership with Wunder provided us
with an end-to-end solution without any capital outlay from LXP. We
are appreciative of Wunder’s expertise and persistence in
completing this project.”
Dave Riess, CEO of Wunder, said, “LXP continues
to demonstrate their leadership in responsible and sustainable
business practices by integrating solar solutions like the Rockford
project. Working with the LXP team on this project was a joy and we
look forward to partnering with them again on future projects,
should the opportunity arise. Solar projects – like this one –
represent a fantastic opportunity for real estate firms to unlock
new revenue, meet ESG targets, and deliver exciting tenant
benefits, all at no cost. We’re committed to delivering these
holistic energy solutions for real estate firms’ nationwide, and
providing the flexibility they demand.”
ABOUT LXP INDUSTRIAL TRUST
LXP Industrial Trust (NYSE: LXP) is a publicly
traded real estate investment trust (REIT) focused on class A
warehouse and distribution investments in target markets across the
Sunbelt and Midwest. LXP seeks to expand its portfolio through
acquisitions, development projects, and build-to-suit and
sale/leaseback transactions. For more information or to follow LXP
on social media, visit www.lxp.com.
ABOUT WUNDER
Wunder is a leading provider of enterprise-grade
energy solutions for the commercial real estate market. Some of the
nation’s largest and most sophisticated real estate firms and
Fortune 500s rely upon Wunder to develop and programmatically
execute strategic renewable energy initiatives across their real
estate holdings. Proprietary technology, market expertise, and
best-in-class financing partners enable Wunder to seamlessly unlock
renewable energy’s financial and ESG benefits, while delivering an
exceptional client experience. Wunder’s mission is to accelerate
America’s clean energy future by tackling the largest opportunity
to drive down U.S. carbon emissions – the commercial and
industrial sectors. To learn more, visit www.WunderCapital.com.
This release contains certain forward-looking
statements which involve known and unknown risks, uncertainties and
other factors not under LXP’s control which may cause actual
results, performance or achievements of LXP to be materially
different from the results, performance, or other expectations
implied by these forward-looking statements. These factors include,
but are not limited to, those factors and risks detailed in LXP's
periodic filings with the Securities and Exchange Commission.
Except as required by law, LXP undertakes no obligation to publicly
release the results of any revisions to those forward-looking
statements which may be made to reflect events or circumstances
after the occurrence of unanticipated events.
Contact:Investor or Media Inquiries for LXP
Industrial Trust:Heather Gentry, Senior Vice President of Investor
RelationsLXP Industrial Trust Phone: (212) 692-7200 E-mail:
hgentry@lxp.com
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