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| SECAUCUS, NJ – APRIL 18, 2011 – Hartz Solar Hamilton, LLC, a wholly owned subsidiary of Hartz Mountain Industries, Inc., is developing an 8.5 Megawatt (MW) ground-based solar array in Hamilton, NJ. Once complete in late 2011, the system, comprising over 30,000 solar modules will be one of the largest solar systems in New Jersey. This is the first ground based solar array by the developer. “Hartz understands the economic and environmental benefits that stem from the investment in solar energy,” says Emanuel Stern, President and Chief Operating Officer of Hartz Mountain Industries, Inc. “Currently, our portfolio supports 6.2 MW of solar energy, all in the form of rooftop installations. This foray into ground systems, which offer more acreage than rooftops, will significantly increase our solar energy generating capacity.” The ground array is located in Hamilton Township, NJ near the intersection of the New Jersey Turnpike and I-195. The plot of land is sixty-five acres, thirty-four of which will be used for solar. “As a developer, Hartz realizes that commercial building development is not always the best option for a given parcel of land. In many cases like this, solar development is the best use, chiefly due to its potential cash flow,” says Mr. Stern. Hartz Mountain has contracted with Madison, WI based RMT, Inc. to design and construct the array. RMT, a nationally recognized leader in the engineering and construction of renewable energy facilities, will commence construction on the Hamilton Solar facility in June. For more information about Hartz’s solar initiatives, please visit the Green Building and Sustainability Initiative at <http://www.hartzmountain.com> . About Hartz Mountain Industries, Inc. Headquartered in Secaucus, NJ, Hartz Mountain Industries, Inc. owns and manages one of the largest privately held commercial real estate portfolios in the United States, comprised of approximately 200 properties and totaling more than 38 million sq. ft. in the northern New Jersey/New York area. Just recently, Hartz acquired a four-property apartment portfolio, marking its entrance into the residential market. Hartz strives to remain at the forefront of commercial, industrial, retail, hotel, and most recently, residential development by employing a comprehensive approach to real estate that is facilitated by its full-scale in-house departments for leasing, management, finance, acquisition, architecture, construction, development, planning, marketing, design and property management. In the past few years, Hartz has led the “green” way, installing close to 6% of all new solar capacity in New Jersey in 2009 through the installation of five new solar arrays with 3.44 MW of capacity. The company doubled its solar capacity in 2010 and presently supports 6.2 MW of capacity. New Jersey Business and Industry Association (NJBIA) presented Hartz with the “Environmental Quality Award”; and NJBIZ recognized President and Chief Operating Officer Emanuel Stern as the “Green Executive of the Year.” Mr. Stern also won the 2009 Industry Service Award from the Meadowlands Regional Chamber of Commerce. For more information, visit Hartz’s website at www.hartzmountain.com <http://www.hartzmountain.com> |
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