- Tim Schooley – Reporter- Pittsburgh Business Times
Oxford Development Co. is taking an established in-house service and turning into a new company.
It’s an energy company called Oxford Energy, LLC, said Shawn Fox, the vice president of business development for Oxford.
“For us, it’s another platform in our vertical, in terms of having a complete service offering for real estate,” said Fox. “We like to say we’re a full-service real estate firm. Energy is such a big part of managing buildings.”
Oxford Energy will include a whole platform of services that includes serving as an energy provider, buying energy directly from the grid for its clients while also providing a host of energy management services. That includes facility assessments and building analysis to help clients use their energy most efficiently, said Fox.
“Forty percent of a building’s cost is in its energy usage,” said Fox. “Driving down that consumption for our clients and building owners gets right to their bottom line.”
It’s an extension of a service Oxford already provides through its property management and consulting services. Along with pursuing energy efficiency in its own developments, Oxford also provided consulting to make the Consol Energy Center a LEED-certified building and also worked in a similar capacity with UPMC on Children’s Hospital of Pittsburgh.
Fox said to expect a formal launch of Oxford Energy LLC with more details in the near future.
Tim Schooley covers retail, real estate, construction, hospitality, arts and entertainment, and government. Contact him at firstname.lastname@example.org or 412-208-3826.