By Mark Pateman, Esq., SIOR, Managing Principal – Palm Beach County
The Palm Beach County team was recently invited to attend a tour and have lunch at the Solar Tech Universal manufacturing facility in Riviera Beach. This state-of-the-art facility creates ultra- high-quality solar panels for commercial and residential use. Solar Tech Universal is the only solar panel manufacturer in the state of Florida.
With more and more clients looking for counsel on integrating sustainability best practices into their real estate decision-making, it was essential for the Cushman & Wakefield South Florida team to understand the importance of renewable energy solutions and how to engage our clients in the pursuit of industry-leading trends. Well-managed conservation strategies not only reduce pressure on our resources, but also yield operational cost savings, healthier and more productive work environments, and more valuable assets.
Seeing first-hand the impact that solar panels have on commercial real estate only further solidifies that integrating sustainability into commercial real estate decisions reduces cost, maximizes value and supports delivery of a larger clean and green agenda.
The principals of Solar Tech Universal (our very own Christopher Thomson sold them the building) gave us a presentation on the robotic manufacturing process and the compelling math of solar for commercial use. With most of our institutional owners and investor having renewable energy mandates, our team is now armed with the information WE need to advise our clients on this renewable energy solution, as well as being able to clarify the benefits of a sustainability perspective in real estate decisions, align efforts with a client’s corporate goals, and help choose options that optimize marketability.
Mr. Pateman is the Managing Principal for Palm Beach County and an office leasing and investment sales specialist in Palm Beach County and the Treasure Coast. He has seven years of experience as a real estate attorney in the south Florida market and three years of experience as an owner/broker at his former boutique real estate firm, prior to joining Cushman & Wakefield in 2006.