The facility is managed by self-storage real estate investment trust (REIT) Extra Space Storage Inc
July 19, 2021: UB Stratford I LLC completed construction of a net-zero-energy self-storage facility in Stratford, Connecticut. The 130,000-square-foot facility located at 70 E. Main St, managed by self-storage real estate investment trust (REIT) Extra Space Storage Inc. and branded under its name. The facility used nearly $400,000 in efficiency incentives to save an estimated $40,350 in annual energy costs, according to a press release.
Engineers from United Illuminating (UI), a subsidiary of AVANGRID Inc., and development and construction consulting firm Chandler LLC helped UB leverage incentives through Energize CT, an initiative that helps Connecticut home and businesses owners find rebates, financing and services for energy efficiency.
“This was one of those situations where economic decisions and environmental benefits aligned. The availability of the UI energy incentives were really important to the success of this project. Without the generous UI incentives, it may not have made economic sense for us to move forward with the project and build this new facility.” Said by Stephan Rapaglia, chief operating officer for UB Stratford’s parent company, Urstadt Biddle Properties Inc. (UBP).
The facility use technology within it to save energy, such as heat pumps, energy-efficient LED lighting and HVAC systems. It also uses renewable energy from rooftop solar panels. Exterior-efficiency measures include LED lighting in the parking lot and canopy lighting.
UBP is a self-administered publicly held REIT founded in 1969, provides investors with a means of participating in the ownership of income-producing properties. Investment properties consist primarily of neighborhood and community shopping centers in the Metropolitan New York tri-state area.