A SELF STORAGE

Locations In Haledon and Little Ferry Go Solar 

Viron Consulting Group Selected to Manage 425 kW Project

LITTLE FERRY, NJ, August 16, 2010 – Gates Realty Corp. has selected the Viron Consulting Group to design and install grid-tied solar electric systems at its headquarters in Little Ferry as well as at four of its A Self Storage facilities in Little Ferry and Haledon, New Jersey. The announcement was made by Mr. William Gates, President of Gates Realty Corp. and Mr. Thomas Voss, Principal of the Viron Consulting Group, LLC.

“Gates Realty Corp. is committed to solar energy and we plan to expand its use into our multi-tenant industrial parks once this self-storage project is completed” ” elaborated Gates. “ We understand solar energy is good for the environment, good for our children’s future and good for our bottom-line.”

“Viron Consulting Group was selected as our partner in the project because of their holistic approach to our energy issues” continued Mr. Gates. “Their comprehensive method offered multiple solutions to our increasing demand for electricity, including upgrading our lighting systems and incorporating cool roof technology into the project.”

The system features approximately 1,840 American made Photovoltaic (PV) panels capable of generating more than 450,000 kWh of electricity annually, which will significantly offset the company’s electrical demand. The panels are manufactured by SolarWorld, the largest PV manufacturer in the USA since 1977, with factories in Washington, Oregon and California.

Thanks to the financial incentives currently available from the state and federal governments, the project will pay for itself in approximately 2 - 3 years.

“When you combine New Jersey’s Renewable Energy Rebate Program and Solar Renewable Energy Certificate (SREC) system with the 30% Grant available from the US Treasury, now is the best time to install solar electric in NJ” explained Mr. Voss. “People don’t realize New Jersey is second only to California when it comes to the capacity of grid-tied solar electric installations in the United States.”

Installation of the systems is scheduled to be completed by the end of the year.

About Gates Realty Corp.

Gates Realty Corp. develops and manages warehouse and multi-tenant industrial parks throughout northern New Jersey. It also develops self storage facilities, independently as well as in partnership with Access Self Storage.