) recently disclosed the achievement of LEED (Leadership in
Energy and Environmental Design) Silver certification for its
Phoenix-based new office property. Notably, shares of this real
estate investment trust (REIT) upped 0.66% during the trading
session on NYSE on Mar 11. This achievement is favorable for the
company's strategy of gaining environment stewardship for its
Situated at 4500 E. Cotton Center Blvd, the Class A office
asset spans 39,403 square foot. The two-story building, which was
constructed in 2013, is fully leased to
). The office property has top quality cooling and fan systems,
interior and exterior lighting and an insulation that minimizes
These factors paved way for winning the LEED tag for the
building. Moreover, Liberty Property expects Aetna to save 20-30%
in energy costs, owing to the certification achievement.
As a matter of fact, Liberty Property is known for its premium
green office and industrial properties in the U.S. The company
owns about 2.8 million square feet of office space in Phoenix
comprising several LEED Gold and Energy Star certified
Liberty Property has been focusing on gaining this environment
friendly tag for its buildings to give its tenants cost saving
benefits and contribute towards environmental norms. Amid
sluggish growth in jobs and persistent office space efficiency
trends, we view this move of Liberty Property to gain an edge
over its peers.
Liberty Property currently carries a Zacks Rank #2 (Buy). Some
other stocks worth considering in the REIT sector include
Cousins Properties Inc.
). Both stocks have the same Zacks Rank as Liberty Property.
AETNA INC-NEW (AET): Free Stock Analysis
COUSIN PROP INC (CUZ): Free Stock Analysis
LIBERTY PPTY TR (LPT): Free Stock Analysis
PUBLIC STORAGE (PSA): Free Stock Analysis
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