Tri-State LED Provides LED Lighting Technologies for Brookwood’s 7.3 Million Square Foot Office Building Portfolio

Company provides high efficiency LED solutions for multi-year lighting retrofit program across 94-building national commercial office portfolio; Will reduce lighting fixture energy use by more than 65%

GREENWICH, Conn., July 26, 2018 (GLOBE NEWSWIRE) -- Tri-State LED, a division of Revolution Lighting Technologies, today announced its continued partnership with Brookwood Financial Partners, LLC (“Brookwood”) to provide LED technology solutions for its 7.3 million square foot, 94-building national office portfolio. Brookwood is a nationally-recognized real estate private equity firm headquartered on the north shore of Boston.  Brookwood’s multi-year lighting retrofit program is currently underway and is projected to reduce light fixture energy use by more than 65% with an average project payback of approximately three years.

The lighting retrofit program began in 2016, with a comprehensive assessment by Tri-State LED to develop the most energy efficient program for Brookwood, conducting initial lighting audits throughout several Pennsylvania facilities totaling 1.6 million square feet. Tri-State LED examined interior common areas (hallways, restrooms, stairwells), as well as the building’s exterior and parking areas, and recommended the replacement of existing antiquated lighting, including fluorescent and metal halide fixtures, with LED solutions, including Revolution Lighting’s high performance LED tubes. To date, Tri-State LED has completed the upgrade of 43 office buildings throughout Pennsylvania, Massachusetts, Rhode Island, and New Jersey, with an additional 15 buildings underway in Florida. The program is expected to continue through 2019, retrofitting an additional 36 buildings in Texas and California. When completed, Tri-State LED will retrofit a significant portion of Brookwood’s entire office building portfolio with energy efficient LED lighting.

Tri-State LED continues to work closely with Brookwood’s asset management team and on-site property managers throughout every phase of the project, assisting with each property’s unique project requirements, including existing lighting audits, budget development, material selection, and project management.  Additionally, Tri-State LED manages the incentive procurement process, securing available state and utility rebates to reduce average project payback to approximately three years.  Tri-State LED has also recently begun supporting Brookwood with other lighting requirements, supplying LED lighting solutions for its tenant construction and prebuilt projects. 

“We made the decision three years ago to upgrade all of our property common area and exterior lighting to LEDs in order to make our property’s more energy efficient and to lower utility costs and are always looking for ways to reduce operating expenses across our growing portfolio,” said Matt Brown, Vice President and Asset Manager for Brookwood.  “We have invested significant up-front capital towards this initiative with Tri-State LED and have already seen tremendous returns on this investment.  Throughout the project, Tri-State LED has been an excellent partner, expertly and seamlessly managing the process to ensure that we select the best products to maximize energy reduction and yield the greatest savings, while significantly reducing our carbon footprint.  We could not be happier with the results.”

“We are proud to continue our work with Brookwood, delivering comprehensive, high performance LED lighting products with great ROI throughout its national portfolio,” said Carrie Kaltwasser, Regional Manager, Tri-State LED.  “Being selected by Brookwood is a testament to our capability to support large, nationally-based, property owners and managers effectively, and to deliver high-quality solutions and products, and excellent customer service.” 

About Tri-State LED

Tri-State LED, a division of Revolution Lighting Technologies, is a comprehensive turnkey solutions provider, delivering high performance, high efficiency LED lighting and control solutions to its customers.  Tri State LED brings together the best products in the market today, directly representing over forty top manufacturers, with an experienced, knowledgeable team to support its customers across a broad spectrum of industries.  This dedication to quality extends beyond its products to the service provided at every point in a project including scope and budget development, material selection, incentive procurement and project management. For additional information, please visit www.tristateled.com.

About Brookwood Financial Partners

Brookwood is a nationally-recognized private equity real estate investment firm that specializes in acquiring and managing value-add commercial real estate and other real estate-related operating businesses.  Since its founding in 1993, Brookwood has invested over $1 billion of equity to acquire a portfolio of 200 commercial real estate properties, seven operating companies, and 137 gas stations with convenience stores, with a total capitalization of over $2.6 billion.  The portfolio has spanned multiple asset classes, geographical markets, and industries throughout the United States.  www.brookwoodfinancial.com

Media Contact:
Matthew Bretzius
FischTank Marketing and PR
matt@fischtankpr.com