By deploying capital for sustainability and energy programs, we create value through lower operating costs, stronger asset performance and increased leasing demand. Our practical, value-oriented approach supports decarbonization, productivity and long-term growth. Creating energy-efficient spaces and innovative programs that help businesses lower costs and meet evolving power demands strengthens our core business of leasing and investing.
In This Report:
Overview | Sustainability | Social Impact | Governance
We have taken a systematic approach to executing energy programs at scale across our real estate portfolio. In 2024, we launched the Link Logistics Sustainability Case Study Series to highlight how this strategy translates into action, delivering both efficiency and financial value to our industrial real estate customers. The series explores how we are building scalable, standardized and holistic solutions that create lasting impact. The case studies show how, by integrating these solutions into our operations, we are driving efficiency while also making it easier for customers to benefit from cost savings.
A central pillar of our sustainability strategy, Energy Solutions is a first-of-its-kind program that simplifies energy management for customers while driving efficiency, cost savings and emissions reductions.
Through the program, customers appoint Link Logistics to open and manage utility accounts on their behalf, allowing us to manage their accounts directly. Our teams track energy consumption and costs via a dashboard within Link+, providing valuable operational insights. Using that data, we identify cost-saving energy management opportunities and, where applicable, invest in energy efficiency upgrades that create financial value for both customers and our firm.
Beyond utility management, Energy Solutions enables deeper partnership with customers, facilitating LED retrofits, renewable energy products, ENERGY STAR® certifications, compliance with benchmarking and performance requirements, and strategic power procurement. By combining data insights and portfolio scale, the program continues to create new efficiencies across our real estate, delivering measurable value for customers while advancing long-term environmental goals.
Launched in December 2023, Energy Solutions scaled rapidly. By June 2024, it was being offered to all new industrial customers upon move-in.
1,138
customers enrolled by year-end 2024
12.8%
average customer cost savings*
* Savings are sourced at the customer level from the following energy and utility management activities: account setup fee avoidance, cost recovery.
Better Buildings Better Practice Award (2025)
— U.S. Department of Energy
FreightTech 100 (2025)
— FreightWaves
ENERGY STAR® Excellence in Data Innovation Award (2024)
— U.S. Environmental Protection Agency
Managing power market risk is another key component of Energy Solutions. Customers can benefit from Link Logistics' scale through our power hedging program, which seeks to create energy rate stability and insulate customers from increasingly unpredictable electricity markets. In 2024, we generated $2.2 million in cost avoidance across more than 15 retail power markets, 400 properties and 950 accounts by leveraging our power market expertise.
Hedging against power price volatility is a well-established best practice for properties such as data centers and office buildings, which have high power demand. Traditionally, operators of lower-energy-density assets—logistics real estate, for example—have lacked the ability to aggregate power demand across multiple properties. This results in fragmented purchasing, with thousands of individual contracts limiting cost-saving opportunities. (Under this traditional operating model, a portfolio of Link Logistics' scale would require more than 3,000 separate contracts.)
Link Logistics has restructured this approach. Instead of negotiating separate agreements at the asset level, the firm has consolidated retail energy contracting under a single master services agreement. This structure enables our firm to leverage its scale across deregulated energy markets, providing customers with budget stability and access to more favorable energy rates. By fixing exposure to market volatility, the program helps lower long-term operating costs, reinforcing our commitment to both efficiency and resilience.
1. Market includes the following retail power markets: American Electric Power, Atlantic City Electric Company, Allegheny Power (Potomac Edison), Baltimore Gas and Electric Company, Commonwealth Edison Company, Delmarva Power and Light Company, Duke Energy, Electric Reliability Council of Texas- Houston, Electric Reliability Council of Texas- North, Electric Reliability Council of Texas- South, Metropolitan Edison Company, Pennsylvania Power and Light, Philadelphia Electric Company, Potomac Electric Power Company, Public Service Electric and Gas Co, Rockland Electric Company, Zone J (NYC)
2. Market price is the average of LMP settlement sourced across all load zones where Link participates and is inclusive of energy and non-energy charges (ancillaries)
3. Link's fixed rate shown is the weighted average cost of fixed positions active during the reporting term and varies at the individual load zone based on contracted volumes
Lighting is one of the most impactful ways to enhance energy efficiency in industrial real estate. It accounts for up to 55% of power usage and electric utility expenses in the average Link Logistics warehouse; installing LED or high-efficiency lighting can reduce warehouse lighting consumption by approximately 50%.
A strategic, portfolio-wide approach has been key to scaling this impact to significantly reduce energy consumption and lower costs for both Link Logistics customers and the firm itself. By utilizing an internal team of energy experts, we streamline the process from site audits and ROI analysis to specification design, procurement and execution. This efficiency enables faster deployment and maximizes energy savings across our managed portfolio.
In 2024 alone, we deployed LED or high-efficiency lighting across 49 million square feet, surpassing the previous year's pace by more than 10 million square feet. As of year-end 2024, 238 million square feet are equipped with LED or high-efficiency lighting.
Beyond cost and energy savings, the firm's data-driven approach allows for precise measurement of impact. Since starting our LED program, we have completed 113 million square feet of LED projects, reducing warehouse energy consumption by 101,284 megawatt hours and cutting carbon emissions by 44,556 metric tons–equivalent to carbon sequestered by 44,692 acres of U.S. forests in one year.
49MSF
of LED or high-efficiency lighting deployed in 2024
238MSF
equipped with LED or high-efficiency lighting as of year-end 2024
* High-efficiency lighting indicates spaces where the lighting power density (LPD) falls at or below 0.45 watts per square foot, aligned with ASHRAE/IES 90.1-2022 LPD standard for warehouses
We advanced our onsite renewable energy efforts in 2024, with Link Logistics properties hosting 52 projects with a combined capacity of 74.8 MW of clean power. This was a foundational year, focused on scaling impact by unifying our solar program under one national developer and aligning the firm's roofing strategy to support solar deployment in key markets. These steps taken in 2024 position us to expand our renewable energy footprint across our managed portfolio.
1. System developed prior to property acquisition by Link Logistics; pending third party solar capacity audit.
2. Includes completed projects only
74.8MW
of clean power capacity
52
projects hosted across Link Logistics-managed properties in 2024
Historically, we have had success expanding our solar program by commissioning and executing individual projects. In 2024, we completed the process of partnering with a national renewable energy developer to further scale the program even more efficiently and effectively. The timeline below provides a closer look at how we continue to mature our solar program.
2023
Completed and commissioned 45 solar projects totaling 47.9 MW
Issued a Request for Information (RFI) to evaluate the landscape of renewable energy developers
2024
Issued a Request for Proposal (RFP) to identify a renewable energy development partner through 2030
Selected Reactivate as Link Logistics’ renewable energy program manager
Signed a Master Development Agreement (MDA) on September 27, 2024, to formalize the partnership
2025
Began development of Tranche 1, which includes 10+ properties across 4 key solar markets
Identified another 10+ properties for Tranche 2, which is currently under review
Began preliminary analysis of a larger Tranche 3, with a goal of executing options agreements in 2025
Stormwater runoff is one of the fastest-growing sources of water pollution in the United States and a significant contributor to flooding and habitat degradation. At Link Logistics, we recognize the opportunity to enhance ecosystem health and biodiversity by improving the performance of stormwater management systems across our managed portfolio.
With 570 stormwater retention ponds at our properties, we are focused on reducing phosphorus, nitrogen and sediment discharge; increasing flood capacity; and minimizing erosion. In 2024, we launched a smart stormwater pond pilot in collaboration with The Nature Conservancy, installing the first system at a Link Logistics property in Jacksonville, Florida. Unlike traditional passive stormwater ponds, smart stormwater ponds use data-driven controls to optimize water flow and treatment, often doubling pollution removal efficiency.
The City of Jacksonville is working to meet stringent water quality targets by reducing nutrient pollution in local rivers by millions of tons. Our pilot demonstrates how landowners can play a role in advancing these goals. It enables up to 78 million additional gallons of runoff to be treated annually, capturing nearly 200 pounds of nutrient pollutants that would otherwise enter local waterways.
We are evaluating future opportunities to deploy this capability to improve water quality, help meet regulatory requirements and benefit local communities.
78M
gallons of additional runoff treated annually, equivalent to that of 1,200 city blocks after a 1-inch rainstorm
200
pounds of nutrient pollutants captured annually
Photo: Link Logistics 103rd Street, Jacksonville, Florida
Sustainable industrial real estate development is a strategic priority for us, as it supports long-term value for our business, customers and the broader market. We work to ensure that all new Link Logistics developments attain LEED certification, incorporating high-performance building standards that drive energy efficiency, reduce emissions and enhance operational resilience.
After laying the groundwork with clear sustainability requirements, we have transitioned from strategy to large-scale execution. By year-end 2024, we delivered 44 LEED certified properties across 11.52 million square feet; an additional 28 properties are in progress and registered with the U.S Green Building Council (USGBC), and 30 more are in the LEED development pipeline. The Link Logistics LEED program now spans 11 markets, encompassing 102 projects across 28.67 million square feet.
Total SF (mm): 10.95
Buildings: 27
Total SF (mm): 2.86
Buildings: 18
Total SF (mm): 14.86
Buildings: 57
Photo: Link Logistics Palmer's Oak Logistics Center, Jurupa Valley, California
Palmer's Oak Logistics Center exemplifies our approach to developing best-in-class industrial real estate that integrates sustainability to drive value. Located in California's Inland Empire—one of the nation's most critical logistics hubs—this state-of-the-art, two-building, build-to-suit development offers modern industrial features designed for efficiency and long-term resilience.
Beyond sustainability, Palmer's Oak is built for productivity. The center offers 1.9 million square feet of Class-A industrial space with 40-foot clear heights, cross-dock configurations and direct access to major West Coast supply chain corridors. The combination of future-focused design and prime location demonstrates how Link Logistics integrates sustainability into development not as a trade-off, but as a strategic advantage. Sustainability features include:
EV Charging
4 EV truck chargers for fleets and 8 EV auto chargers for personal vehicles support transportation electrification, a growing priority in logistics.
High-efficiency LED
100% LED lighting and LEED certification achieved in 2024 ensure lower energy consumption.
Rooftop Solar
300 kW of solar installed and maintained, providing one-third of each building's on-site energy needs.
