MA light industrial unlocks income

Berkeley Partners, a national real estate firm with 11M square feet under management, engaged Wunder to deploy an on-site solar system at an industrial facility in eastern Massachusetts. The 335 kilowatt solar system supports Berkeley Partners’ ESG initiatives, all without requiring any out-of-pocket expense. The solar system came online in September of 2024 and is expected to generate 392,707 kilowatt hours of power in its first year of operation alone - offsetting more than 604,820 pounds of CO2 emissions.

The rooftop solar project generates revenue by leveraging the state’s popular Community Solar program. Under the terms of the program, power generated by the solar system can be sold at a discount to the property’s tenants, as well as other businesses and residences throughout the utility jurisdiction.

Dave Riess, CEO of Wunder, said, “This solar project is a prime example of how financial prudence and sustainability can go hand in hand. Leveraging the Massachusetts Community Solar program, this installation offers significant energy bill savings for the local community, it provides more clean power to the Bay state. We’re proud to support Berkeley Partners in their ongoing commitment to sustainable and economically sound energy solutions."

About Berkeley Partners

Berkeley Partners, along with its affiliated entities, is a fully integrated principal investment firm focused exclusively on industrial real estate. Since 2005, its affiliates have sponsored a series of value-add and core-plus investment vehicles dedicated to the light industrial sector. The Firm’s vertically integrated platform includes competencies in asset management, property management, leasing management and construction management. As of March 31, 2024, Berkeley Partners owns and operates approximately 11.5 million square feet of light industrial real estate with $2.5 billion of assets under management across targeted growth and gateway markets within the United States.