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A collaborative approach to addressing landlord-tenant energy efficiency issues: Who pays and who benefits?

Peter Belisle, President, Project and Development Services, Michael Jordan, SVP, Sustainability Strategy, Bob Best, Director, Jones Lang LaSalle

Abstract
Despite the tremendous progress made toward a green office marketplace over the past several years, landlords and tenants are running into roadblocks that make additional forward movement difficult. One of the primary challenges faced by sustainability advocates in commercial buildings is overcoming the misalignment between landlord and tenant interests when it comes to the costs and benefits of energy efficiency measures. While no single solution exists for every problem, strategies are emerging to manage many landlord-tenant issues. Understandably, most owners and occupiers initially focused on easy strategies with little upfront cost and a quick payback period, and left the more challenging issues for another day. Today is another day; and it is an ideal time for organisations to get serious about energy efficiency and sustainability. The challenges have not disappeared, but they are manageable. By acting confidently and prudently now, owners can remain competitive for tenants and corporations can maintain strong reputations and continue to attract high-quality employees. By working together, owners and occupiers can find solutions that benefit all parties in the short run and help preserve the environment.

Keywords
sustainability, landlord and tenant, energy efficiency


Peter Belisle is President of Energy and Sustainability Services at Jones Lang LaSalle, overseeing more than 90 professionals who conduct project management, energy management, solar power solutions, corporate consulting and other sustainability related services. His team has saved corporate and investor real estate clients approximately $300 million in energy costs over the past three years, and has guided the LEED certification of more than 100 new and existing properties.
 
Michael Jordan is Director of Sustainability Strategy, Strategic Consulting at Jones Lang LaSalle, overseeing the design and delivery of corporate services involving energy and sustainability in the workplace. He leads strategic initiatives involving corporate sustainability policy formation and implementation, sustainability benchmarking, employee engagement and green leasing strategies, and works with Jones Lang LaSalle’s workplace strategy group to ensure energy and sustainability benefits are maximized in office environments. Michael advises corporate real estate departments at Fortune 100 companies on initiatives to cut costs, manage carbon, and build greener buildings around the world. His project experience includes carbon management and reporting for companies with a strong focus on business value creation through energy and resource efficiency, employee engagement, and supplier management.
 
Bob Best is Director of Sustainability – Markets, Energy and Sustainability Services and directs energy and sustainability services for Jones Lang LaSalle’s leasing and property management organization across North America, with responsibilities that include new business development, client sustainability programs, performance metrics, operating standards and training. He is a LEED Accredited Professional through the U.S. Green Building Council and a Green Globes Professional through the Green Building Initiative. Through 2009, as Product Director for Property Management, Bob was responsible for designing, developing and implementing all aspects of the property management service product. He also headed Leasing and Management’s Central Services group and was responsible for overseeing Technical Services, Human Resources, Information Management, Quality Implementation and Real Estate Tax Administration. 
 
 
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