news—11.30.2023

Clarion Completes 24 LEED Certifications under the LEED Volume Program

Press Release

LEED USGBC Logo

​​​​​​​NEW YORK – November 30, 2023 – Clarion Partners, LLC, a leading real estate investment manager and one of the largest owners and developers of logistics properties in the U.S., has achieved LEED certification for 24 industrial development projects under the U.S. Green Building Council's (USGBC) LEED v4 for Warehouse and Distribution Centers Volume Program (“LEED Volume Program").*

In 2021, Clarion developed a LEED Volume prototype along with sustainability consultants Argento/Graham for the certification of new development projects under the USGBC's LEED Volume Program. LEED, or Leadership in Energy & Environmental Design, is the most widely used green building rating system in the world and an international symbol of excellence in green building.

Through the LEED Volume program, Clarion achieves LEED certification for development projects in a more efficient and cost-effective manner as compared to pursuing certification of individual buildings under the standard LEED program, offering expedited opportunities for the Firm to deliver Class A, modern, logistics facilities. In 2022, Mansfield Logistics Park Building 3, an 806,000-square-foot distribution warehouse in Mansfield, New Jersey, became the first property in Clarion's portfolio to achieve LEED certification under the LEED Volume program.

As of November 2023, the following industrial properties have received certifications for LEED Building Design and Construction (BD+C): Warehouses and Distribution Centers:

  • 2902 Mayfield Rd in Arlington, Texas
  • Fontana Foothills Commerce Center – Buildings 1 & 2 in Fontana, California
  • Gateway Business Center Phase II – Buildings 26 & 27 in Denver, Colorado
  • Gravel 85 – Buildings 100 & 200 in Buford, Georgia
  • Greenwood Industrial Park Building 900 in Henry County, Georgia
  • Hialeah Gardens Trade Center in Hialeah Gardens, Florida
  • Indy South Logistics Center – Buildings A & B in Greenwood, Indiana
  • Jefferson Mill Business Park Phase III – Building H in Jefferson, Georgia
  • KCI Logistics Centre – Buildings VII & VIII in Kansas City, Missouri
  • Lehigh Valley Trade Center II – Building C in Hazle, Pennsylvania
  • Mansfield Logistics Park Phase II in Mansfield, New Jersey
  • Ontario Ranch Logistics Center Phase III – Building 3 in Ontario, California
  • Point 70 Logistics Park Phase I – Buildings A & B in Mount Comfort, Indiana
  • Tracy Logistics Park – Buildings 1, 2 & 3 in Tracy, California
  • Western Beltway Park – Buildings 1 & 2 in Ocoee, Florida

Clarion has more than 8.8 million square feet of additional industrial development underway or soon to begin that is expected to achieve LEED certification over the next 6 to 12 months, with a pipeline of more than 20 million square feet of additional planned developments currently under review.

“As the U.S. industrial sector – both owners and tenants – continues to adopt more stringent sustainability standards, we believe that achieving LEED certification for new developments will help us to attract and retain high-quality tenants," said Clarion Managing Director Bohdy Hedgcock.

Definitions

Footnotes

​* LEED Building Design and Construction certifications are issued by Green Business Certification Inc. (GBCI). These 24 buildings held valid certifications as of November 2023. Certifications are issued at the time of building development or major renovation and last in perpetuity. Rankings range from Certified to Platinum level for individual properties. Properties must pay registration and review fees to pursue LEED certifications.

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Investment in real estate is speculative and involves significant risk. For more information about certain of the material risks and limitations associated with Clarion Partners’ investment advisory products, strategies and services, please see Clarion’s current Form ADV Part 2A brochure, which is available on the SEC’s Investment Adviser Public Disclosure website at https://adviserinfo.sec.gov/firm/summary/108803. Investors should consider their investment objectives, and it is strongly suggested that the reader seek his or her own independent advice in relation to any investment, financial, legal, tax, accounting or regulatory risks and evaluate their own risk tolerance before investing.

This material does not constitute investment advice, nor does it constitute an offer in any product or strategy offered by Clarion Partners LLC or Clarion Partners Europe, and should not be viewed as a current or past recommendation to buy or sell any securities. Any specific investment referenced may or may not be held in a Clarion Partners client account. It should not be assumed that any investment, in any property or other asset, was or will be profitable.

All Clarion Partners LLC and Clarion Partners Europe statistics, data and charts, including but not limited to assets under management (AUM), ESG data, sector data and property data, as well as data related to our investors, tenants and employees, are as of September 30, 2023 unless otherwise noted.

Photos used in this website were selected based on visual appearance, are used for illustrative purposes only, and are not necessarily reflective of all the investments in a Clarion fund or portfolio or the investments a Clarion fund or portfolio will make in the future.

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