New System Aims to Help Commercial Tenants Cut Costs

A remote monitoring system that is meant to cut energy costs for commercial real estate tenants is being piloted in select markets across the U.S., including in commercial properties in Valencia, Westlake Village and Agoura Hills. The goal of the automated platform called ArdenACCESS is to reduce electricity use, associated operating costs, and CO2 emissions across the portfolio of properties of GE Capital Real Estate, who has $73 billion in assets and a presence in 31 markets throughout North America, Europe, Asia, and Australia/New Zealand. The system resulted from the company’s business initiative called Ecomagination, which was started as a way to help meet customers’ demands for more energy-efficient products and to drive reliable growth for GE. Arden Realty, a unit of GE Capital Real Estate, developed the system, and received approval as an ecomagination innovation. “Getting ecomagination approval requires significant effort,” said Joaquin de Monet, president and CEO, Arden Realty. “This achievement demonstrates ArdenACCESS is an innovation that’s reducing the carbon footprint of commercial real estate – and is raising the bar on energy efficiency.”