Aquicore, Inc. will provide energy management to MRP Realty for Air Rights Center, a Bethesda, Md. office complex that the former is updating. The Washington, D.C. energy management company signed a contract with MRP Realty in September to provide service on an ongoing basis.
MRP, a Washington, D.C.-based company, and Rockpoint Group bought Air Rights Center, a three-building complex of about 688,000 square feet, earlier this year. Aquicore founder and CEO Logan Soya says his company will help MRP Realty in its revitalization of the circa 1960s complex.
“This is a prize property in the D.C. area,” says Soya, whose company uses a proprietary energy analytics software platform to monitor a commercial building’s energy use and to pinpoint problems for quick solutions by property owners and building managers.
“We provide the tools to understand what is going on in the building,” he says.
For Air Rights Center, he says Aquicore will install sensors to collect real-time information on the status of the buildings. “It will help managers with their daily routine,” he says.
Soya declined to provide financial details of the MRP Realty contract but did say that service contracts usually start at $300 per month. The fee varies with number of buildings, size of the building and number of services. ‘Our sensors mainly monitor electricity but we can also monitor gas, water and temperature in a building,” he says.
The MRP Realty contract is the third service contract Aquicore has signed in recent months. In June, it signed a contract with BECO Management, in Rockville, for installation and monitoring at Fifty West Corporate Center, a 203,000-square-foot office building in Fairfax, Va. A month later, Aquicore signed another contract with BECO Management for Poplar Run, a 150,000-square-foot office building in Alexandria.
Soya founded the privately-funded Aquicore in 2012. The company has seven full-time employees and will be hiring up to two employees in business development and marketing next year.