GPX Realty Partners Launches Green Initiative

Sept. 18, 2008
GPX Realty Partners LP, Philadelphia, has launched a new green initiative to ensure that its commercial and multi-family property portfolio in the Delaware Valley is becoming more eco-friendly. The initiative includes five green components that GPX Realty Partners is striving to implement through its portfolio, including occupancy sensors for lighting; thermoplastic olefin (TPO) roofing; energy-efficient HVAC units; environmentally friendly, certified carpet; and low-VOC interior paints.

"We feel very strongly about taking the initiative to perform a green approach to development and investment," says Joe Conwell, managing director, GPX Realty Partners.  "When performed successfully, these investment-friendly buildings can only benefit lessees and investors." The initiative helps GPX do its part to positively impact the environment while helping its investors earn higher returns. In fact, green-certified buildings generate 8.5-percent higher rents for an average-sized building, according to a recent study by the University of California, Berkeley.

"The real estate industry is at a critical stage where we're trying to balance profitability with ecological sustainability," says Christopher Canale, vice president of operations at GPX. "We're approaching a tipping point where best practices for green development will become standard protocols."

For more information, visit www.gpxrealty.com.

Voice your opinion!

To join the conversation, and become an exclusive member of Buildings, create an account today!

Sponsored Recommendations

Handwashing Survey Research Drives Industry Solutions

Sharing well researched data on consumer likes and dislikes in public bathrooms, this guide presents handwashing public restroom hygiene trends and survey insights for facility...

Building Security & Technology Series: Webinar 2 - Building Safety Design & Technologies

Date: May 15, 2024Time: 1:00 PM EDT / 12:00 PM CDT / 10:00 AM PDT / 5:00 PM GMTDuration: 1 Hour eachGold Sponsors: Genetec, ISSSilver Sponsors: EVOLV, OpenEye ...

Building Security & Technology Series: Webinar 1 - Emergency Preparedness

Date: May 8, 2024Time: 1:00 PM EDT / 12:00 PM CDT / 10:00 AM PDT / 5:00 PM GMTDuration: 1 Hour eachGold Sponsors: Genetec, ISSSilver Sponsors: EVOLV, OpenEye Register...

INFOGRAPHIC: Unlocking the Value of a Smart Building

How do you make a smart building even smarter? Download this Infographic to discover what happened when one customer used AI-enabled building technology to achieve their sustainability...