Avidan Management Announces 2.2-MW Solar Installation in Edison, N.J.
Installation Will Meet More Than 90 Percent of Building’s Energy Needs
EDISON, N.J. (April 23, 2012) — Avidan Management, one of the region’s foremost owners and managers of industrial and commercial real estate, today announced a large-scale solar power project at 180 Raritan Center Parkway, a 350,000-square-foot dry and freezer storage facility in Edison, N.J.
The firm has commenced the installation of a 2.2-megawatt solar electrical system that, over its lifespan, will reduce carbon emissions by 48,573 tons, and will service more 90 percent of the facility’s power needs. The energy savings produced by the system will be equivalent to planting more than 1.9 million trees. Looking at it another way, the solar production that will be generated by the system will be enough energy to power more than 235 homes.
Expected to be complete by May 31, the installation is part of PSE&G’s Solar Loan Program, which makes solar energy systems accessible to building and facility owners in PSE&G’s electric service territory. The program is designed to encourage the development and installation of clean, renewable energy technologies throughout New Jersey.
“This installation is the next step in our firm’s commitment to responsible business practices, namely increasing the energy efficiency of our properties,” said Avi Avidan, Managing Member of Avidan Management. “We believe this intensive improvement project will reap tremendous benefits for the current and future tenant base while also helping to achieve the state’s goal of becoming a leader in the arena of renewable energy.”
In addition to the solar installation, Avidan recently completed a number of other upgrades at 180 Raritan Center Parkway including reinsulating refrigeration piping, repainting the building’s exterior, replacing dolly pads for the warehouse and retrofitting the lobby with LED lighting.
Set on 16 acres, the property has up to 28,800 square feet allocated for office space and features reinforced concrete floors, 24-foot to 18-foot clear ceiling heights, 24 exterior doors with dock levelers and ample on-site parking.
The building is conveniently located in the center of Raritan Center near Interchange 10 of the New Jersey Turnpike, Route I-287, Route 440, and allows easy access to the Garden State Parkway.
Largely used by companies involved in the storage of dry and frozen foods, the building’s tenant roster includes Cross Docks Solutions, LLC, Broadrange Technologies and Prima Group, Inc. Currently, approximately 1,271 square feet of space is available for lease.
This project is the second solar installation for which Avidan has partnered with PSE&G. Last year, the company completed a 4.26-megawatt solar electric system at 145 Talmadge Road, a refrigerated distribution facility in Edison, N.J. Consisting of 17,745 solar panels, the system was the largest rooftop-mounted solar panel installation to have been completed in the entire country at the time. In the first month after installation, the system reduced electrical costs by 70 percent at the building.
For further information on availabilities at Avidan Management-owned properties, please call 908-527-8000.
About Avidan Management
Avidan Management, based in Elizabeth, N.J., is a family-owned and operated real estate company with deep roots in northern New Jersey. Throughout its 40-year history, the Company has built a strong track record as a premier owner and manager of best-in-class, strategically located industrial and commercial properties, including warehouse and distribution facilities that service the major population centers in the Northeast. The Company’s portfolio is comprised of nine facilities with a combined total of just under 3 million square feet of space. For more information, visit: www.avidanmgmt.com.