IL warehouse goes green

LXP Industrial Trust (NYSE: LXP), a REIT focused on Class A warehouse and distribution investments, partnered with Wunder to deploy an on-site solar system at LXP’s Rockford, Illinois industrial facility.

The 207 kW solar system came online in June 2024 and is anticipated to generate 261,990 kilowatt hours of power in its first year of operation alone, deliver substantial energy bill savings to the tenant and offsetting more than 403,500 pounds of CO2 emissions.

Leslie Moore, SVP, Director of ESG and Corporate Operations, commented, “We are excited to add another solar installation to our portfolio to further enhance LXP’s sustainability initiatives. Our partnership with Wunder provided us with an end-to-end solution without any capital outlay from LXP. We are appreciative of Wunder’s expertise and persistence in completing this project.”

Dave Riess, CEO of Wunder, said, “LXP continues to demonstrate their leadership in responsible and sustainable business practices by integrating solar solutions like the Rockford project. Working with the LXP team on this project was a joy and we look forward to partnering with them again on future projects, should the opportunity arise. Solar projects – like this one – represent a fantastic opportunity for real estate firms to unlock new revenue, meet ESG targets, and deliver exciting tenant benefits, all at no cost. We’re committed to delivering these holistic energy solutions for real estate firms’ nationwide, and providing the flexibility they demand.”

About LXP

LXP Industrial Trust (NYSE: LXP) is a publicly traded real estate investment trust (REIT) focused on Class A warehouse and distribution investments in target markets across the Sunbelt and Midwest. LXP seeks to expand its portfolio through acquisitions, development projects, and build-to-suit and sale/leaseback transactions.