BEACHWOOD, Ohio, Aug. 18 /PRNewswire-FirstCall/ -- Developers
Diversified Realty Corporation (NYSE: DDR) today announced it is
launching a pilot program in Puerto
Rico to replace common area parking lot lighting at 14
shopping centers to lower energy consumption and reduce common area
utility expenses.
Developers Diversified is partnering with WLS Lighting Systems
to install Natural White® technology that draws less energy while
emitting a higher-quality light. WLS Lighting Systems will also
install the netLiNK Controls™ system, which will enable Developers
Diversified to wirelessly control each individual parking lot light
using an astronomical time clock for maximum efficiency and
longevity.
"WLS Lighting Systems is excited about partnering with
Developers Diversified," said Kevin
Fletcher, president of Energy Services Group of WLS. "With
Developers Diversified's proactive efforts in energy conservation
coupled with our energy efficient lighting products, we will
positively impact the environment and reduce common area utility
expenses. Installing energy efficient lighting and our netLiNK
Controls system on these 14 properties in Puerto Rico will eliminate over 1,700 tons of
carbon dioxide emission annually."
"As part of our ongoing commitment to sustainable practices, and
following the successful launch of our rooftop solar program last
year, we intend to implement our sustainable lighting program in
the continental United States
within the next six months," said John S.
Kokinchak, senior executive vice president of property
management at Developers Diversified.
About Developers Diversified Realty
Developers Diversified owns and manages approximately 620 retail
operating and development properties in 42 states, Brazil, Canada and Puerto
Rico. Totaling more than 137 million square feet, the
Company's shopping center portfolio features open-air,
value-oriented neighborhood and community centers, mixed-use
centers and lifestyle centers located in prime markets with stable
populations and high-growth potential. Developers Diversified is
the largest landlord in Puerto
Rico and owns a premier portfolio of regional malls in and
around Sao Paulo, Brazil.
Developers Diversified is a self-administered and self-managed REIT
operating as a fully integrated real estate company. Additional
information about the Company is available on the Company's website
at www.ddr.com.
SOURCE Developers Diversified Realty Corporation
Copyright . 18 PR Newswire