Medway Industrial Property Gets Solar Makeover

In 2020, CBRE  completed the $18.6 million sale of 51 Alder St., a 162,736 s/f industrial property. The highly functional, 24’ clear light industrial and warehouse space was at that point 91% leased with a notable tenant roster, which, at the time,  included Verizon and AZZ.

Built in 2001 by Conroy Development, 51 Alder St. is an asset that has catered to a wide array of industrial users. The property’s frontage spans over a half-mile along I-495, providing visibility and convenient access. 51 Alder St. is situated among a hotels, restaurants and retail as well as a variety of well-known industrial and last-mile conglomerates.

In November, 
Berkeley Partners announced that it had engaged Wunder, a provider of
commercial energy solutions, to deploy solar at the facility. The 335 kilowatt solar system
supports Berkeley Partners’ ESG initiatives, all without requiring
any out-of-pocket expense. The solar system came online in September
of 2024 and is expected to generate 392,707 kilowatt hours of power
in its first year alone - offsetting more than 604,820 pounds of CO2
emissions.

The rooftop solar project is generating revenue by leveraging the
state’s popular Community Solar program. Under the terms of the
program, power generated by the solar system can be sold at a
discount to the property’s tenants, as well as other businesses and
residences throughout the utility jurisdiction. The solar project is
representative of a broader national partnership between Berkeley and
Wunder, with additional projects actively under construction and
slated to come online in the coming months and years.

Dave Riess, CEO of Wunder, said, “This solar project is a prime
example of how financial prudence and sustainability can go hand in
hand. Leveraging the Massachusetts Community Solar program, this
installation offers significant energy bill savings for the local
community and it provides more clean power to the Bay state. We’re
proud to support Berkeley in their ongoing commitment to sustainable
and economically sound energy solutions."