Shopping Centers Today

JUL 2014

Shopping Centers Today is the news magazine of the International Council of Shopping Centers (ICSC)

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REPORT LED lights are helping landlords cut energy costs in the parking lot while improving performance and customer perception, said experts last month at an SCTLive webinar titled "Green Cooperation Between Tenants and Landlords." These lights are an impor- tant part of the progress Safeway is making to trim power bills, said Victor Muñoz, the company's director of energy uti- lization. We have been upgrading our lighting for the past three years," Muñoz said, "reducing our electrical consump- tion from lighting by as much as 65 to 75 percent when we transfer from typical fluorescent to LED equivalent." After installing LED lighting at many of its centers, Kimco Realty began to re-examine the lighting requirements built into anchor tenants' leases, with the goal of revision to better reflect the progressing technology, said Will Teichman, the firm's director of sustainability. "We've developed our own in-house lighting standard," he said. "Foot candles are not the right metrics for the future. Historically, we've used high-intensity discharge fixtures that tend to deliver the maximum foot candle directly under the pole but have poor distribution around the lot, so it may be relatively dark between two light poles." LEDs provide more unifor- mity with less light being used on the parking lot, though in a more effective manner, he said. At Oxford Properties Group's shopping centers, retailers' lighting requirements have traditionally been 6 watts per foot on average, but as more tenants adopt energy- saving LED lights, that average is moving closer to about 4 or 5 watts per foot, with some tenants going as low as 2.5 and 3.5 watts per foot, said Daryl Neate. LEDs are not only for cutting expenses, Neate said; they also improve performance, as they turn on faster and are capable of emitting a wider variety of colors than fluorescent lights. Further, he said, Oxford's property- maintenance teams work better in shopping centers that have LED lighting. SCT Register for these upcoming events at 16 S C T / J U L Y 2 0 1 4 LEDs are helping make parking lots greener, panel says Attracting Global Retailers Keys to international retailers cracking the U.S. market July 15, 2014 • 7:30–10:15 a.m., New York City Chains from around the world are seeking a foot- hold in the booming U.S. market. But fnding the perfect space is a priority, and adapting to U.S. consumers and practices can be complicated. How can landlords lure these tenants to their properties and help them succeed? Tomorrow's Top Retailers A look at bold new concepts that are changing the future of retailing Aug. 12, 2014 • 11:30 a.m.–2:30 p.m., Los Angeles Which tenants are helping landlords differentiate their properties and giving shoppers a reason to back away from the computer and return to the brick-and-mortar experience? SCTLive will gather executives from today's freshest, most- compelling and expanding retail concepts. Catering to Canada The Canadian retail market is evolving quickly as international concepts set up shop Sept. 2, 2014 • 11:30 a.m.–2:30 p.m., Toronto Canada's top landlords and a leading retail adviser will offer crucial insights into Canada's retail environment. The panel will examine what U.S. and other foreign retailers need to know to succeed in Canada, sharing its perspective on consumer tastes and other challenges. 16_SCT_JULY14_SCT LIVE.indd 16 6/12/14 5:49 PM

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