Space for Hire
Sep 1, 2008 12:00 PM, Elaine Misonzhnik
Olympian Effort
Simon Property Group has teamed up with Coca-Cola and Visa U.S.A. to offer an Olympics themed gift card. “The Gift That Takes Gold” will be accepted at Simon malls throughout the United States. Only 100,000 of the gift cards were produced and will be sold exclusively at Simon's 185 centers and is also available online. They are available in denominations ranging from $20 to $500. A dollar from each card sold will go to the U.S. Olympic Committee to help American athletes train and compete in the Olympic games. Attached to the card will be a unique Coca-Cola Amazing Moments interactive CD.
Lighting the Way
Lightstone Property Group is using PropertyTract, an Internet-based document tracking database, to manage its 902 properties in the United States and Canada. The system, developed by a division of Tractmanager Inc., enables Lightstone to track leases, contracts and other documents in real time. Previously, the company was using a database of scanned documents, but that made it difficult to search and challenging to track details of different leases. PropertyTract enables users to access documents digitally through a table of contents and searches. The system can also notify users when leases are expiring.
Kohl's Solar Push
Kohl's Department Stores will expand its solar program to a sixth state — Oregon. Last month it began solar panel installation at its first store in the state located in Hillsboro. It plans to convert four of its nine stores there. Kohl's already has solar projects under way in California, Connecticut, Maryland, New Jersey and Wisconsin. In total, Kohl's has converted 43 locations with plans to activate 85 additional sites within the six states. On average, solar panels provide about 25 percent of each store's energy. Upon completion, collectively, the four stores in Oregon will provide 900 kilowatts of power and are expected to produce up to one million kilowatt-hours of energy annually. Over the 20-year life of the program, the solar energy produced is expected to offset 12.9 million pounds of carbon dioxide, enough energy to power 1,682 homes in Oregon.
Somerset Putt-Putt
Somerset North, in Troy, Mich., rolled out a PGA-sanctioned putting green last month at its mall's Grand Court. It coincided with the 90th PGA Championship that took place at the nearby Oakland Hills Country Club. At the mall, for $5, each golfer received three putts on turf grown by the Horticulture Department at Michigan State University. For every hole-in-one, the golfer received a $5 gift card redeemable at any shopping center within the Somerset Collection. All the proceeds from the $5 putting fee went to the PGA Foundation to help fund its philanthropic endeavors. Also, each player received an official PGA Championship golf ball. The Michigan State Regional Council of Carpenters donated their labor to complete the assembly of the mall's green and a gazebo.
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