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Green Lease Leaders Recognition Program Announces Inaugural 2014 Class

IMT - Green Lease Leaders

IMT’s fledgling Green Lease Leaders Recognition Program has announced its inaugural 2014 class. The 14 winners span a range of REITs, real estate firms, and corporations, many of whom will no doubt be familiar to you: they include Akridge, Bullitt Foundation, PWC, Unico, Oxford, The Tower Companies, and Jamestown Properties. The 7 REITs among the winners are Brandywine Realty Trust, Empire State Realty Trust, Government Properties Income Trust, Kilroy Realty Corp., Kimco Realty Corp., Liberty Property Trust, and Regency Centers Corp.

At least at this point it is unclear what specific measures each of the 2014 winners implemented in order to earn their Green Lease Leader designations. But the program will be recognizing them in an upcoming press release, articles, and newsletters in industry trade publications, as well as feature them in presentations at industry meetings and display their logos on a recognition page on DOE’s Green Lease Library web site. The winners will also receive a Green Lease Leader seal image for display within their buildings and on the web. Of course over the next year it will be interesting to see whether the Green Lease Leader designation and these initial 14 awardees are able to drive green lease market transformation as LEED did for buildings over a decade ago.

As we noted previously here at the Journal, IMT developed the Green Lease Leaders Recognition Program in conjunction with the Department of Energy’s Better Buildings Alliance. The program is designed for commercial landlords, tenant companies, brokerage teams, and individual brokers. Applications are submitted online and require a narrative description of the applicant’s internal green leasing initiatives, which are scored based on the number of green leasing-related accomplishments achieved. At least two signed and executed green leases must accompany the application to demonstrate that companies applying for the recognition have met the program’s Green Lease Standards.

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