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Lonnie Barish of New America Power Brokers Deal as the Energy Procurement Consultant for Acadia Realty Trust

09-11-2012 05:22 PM CET | Energy & Environment

Press release from: Galileo Communications Inc.

/ PR Agency: Galileo Communications Inc.
Lonnie Barish, New America Power

Lonnie Barish, New America Power

New America Power Makes Energy Deal for Shopping Centers in 4 States

Philadelphia — Lonnie Barish of New America Power announced today a two-year partnership with Acadia Realty Trust (NYSE: AKR), a REIT specializing in the acquisition, redevelopment and operation of retail and urban mixed-use properties, to act as their energy procurement consultant.

New America Power will create and implement an energy plan for shopping centers in four states totaling 1,919,828 square feet of space. The plan will aim to achieve greater cost savings through energy procurement that will reduce the properties’ energy investments.

“We are very excited about the sheer size of this project as well as its potential to become the industry standard for energy procurement and management,” says Lonnie Barish, New America Power representative. “With our relationships with the largest and most reliable energy providers, we will give Arcadia access to highly competitive pricing as well as the most efficient power solutions available.”

The shopping centers that are contracted under Barish’s guidance are located in DE, PA, MD, & NJ.

New America Power, www.newamericapower.com, has become one of the area’s largest single sources for best energy options and implementing energy saving products and practices. Their diverse clients include commercial and industrial businesses, government and educational entities and nonprofits.

Barish helps his clients at New America Power achieve maximum energy savings by analyzing, negotiating, contracting and managing critical components for the commercial supply of traditional and energy sources. New America Power has partnered with numerous energy providers, which enables them to receive preferred wholesale pricing. This also gives them the ability to provide lower rates that typically save their clients anywhere from 10 percent to 30 percent off their current utility bills.

Founded in 1998, Acadia Reality Trust (NYSE: AKR), a fully integrated equity real estate investment trust, is focused on the acquisition, ownership, management and redevelopment of high-quality retail properties and urban/infill mixed-use properties with a strong retail component. They specialize in high-barrier-to-entry, densely populated metropolitan areas along the East Coast and in Chicago. Acadia owns or has an ownership interest in these properties through its core portfolio and three opportunistic/value-add investment funds. Additional information may be found on the Company’s website at www.acadiarealty.com.

For more information, contact Lonnie Barish at 267-968-8651, lonnie@newamericapower.com or visit www.newamericapower.com.

About Galileo Communications Inc.: Galileo Communications, Inc. provides public relations and publicity services. Also available on a limited basis for copywriting of direct mail packages, sales letters, brochures, white papers, ads, e-mail marketing campaigns, PR materials and Web pages.

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