Company Awarded $500,000 Lighting Contract for Nashville Apartment Complex; Potential Exists for Additional $1.5M in Contracts Through Projects in Atlanta, Denver, and Nashville
MARIETTA, GA–(Marketwired – June 07, 2016) – Value Lighting, a division of Revolution Lighting Technologies, announced today that it has been awarded a $500,000 lighting contract from Price Development Group for lighting solutions for its PDG Germantown high-end cosmopolitan residential complex, located in Nashville, Tennessee. The partnership has the opportunity to extend further with upcoming Price Development Group projects, totaling an additional $1.5M in lighting contracts for projects located in Atlanta, Denver, and Nashville over the next 18 months.
PDG Germantown is scheduled to open in February 2017 and will consist of 244 studio, one-, and two-bedroom floorplans, along with a five-story parking garage. Price Development Group partnered with Value Lighting, who offers unique industry solutions that deliver high quality lighting solutions and value driven opportunity. The lighting installed throughout the complex, consisting of 35% high efficiency LED solutions, addresses apartments, common areas, and support spaces. In addition, exterior locations including garage parking, pathway, and security lighting were addressed.
"We are excited to partner with The Price Development Group on its latest multi-family development in Nashville, allowing them to achieve their business goals, offering high quality and sustainably focused residences to its customers," said Chris Shaw, Vice President of Operations, Value Lighting. "Selection by a successful multi-family developer such as The Price Development Group is a testament to Value Lighting’s unique capabilities and industry knowledge to service our national footprint, offering the best lighting solutions, combining efficiency, high quality aesthetics and the best cost available."
Lighting accounts for 12% of residential energy use, and incorporation of high efficiency LED lighting solutions, which is up to 85% more efficient, allows developers and property managers to reduce long-term operating expenses, while appealing to renters and buyers focused on sustainable, high efficiency homes. In addition to The Price Development Group, Value Lighting’s national footprint and unique solutions oriented business model has allowed them to successfully partner with other successful customers throughout the U.S. In 2015, Value Lighting was awarded more than 300 multi-family project lighting contracts. This national success has already extended into 2016, partnering with developers including Mill Creek Residential Trust and Billingsley Construction, supplying lighting solutions for its respective multi-family developments.
About Value Lighting
Value Lighting Inc., a division of Revolution Lighting Technologies, is a nationally based company, headquartered in Marietta, GA, and offices located in Texas, Washington DC and Phoenix, AZ. Its team consists of lighting professionals who have been supplying the Multi-Family Residential industry across the U.S. with quality lighting solutions for thirty years. From bid to final shipment, Value Lighting monitors each project to ensure competency and accuracy throughout all phases of development. Value Lighting’s project teams act as a trusted partner to assist its customers with budgeting, product selection and purchasing. For additional information, please visit www.valuelightinginc.com.