AllTrades Lewisville contains 28 commercial/industrial flex units situated within three two-story buildings comprising 69,020 square feet. At the time of the application, the property was being upgraded to incorporate energy and water savings and therefore qualified for C-PACE.
Impact
By obtaining this C-PACE loan, the developer was able to upgrade the buildings’ envelopes, electrical and mechanical systems, which helped Denton County meet its sustainability and economic development goals while also reducing strain on the Texas power grid. The improvements are expected to reduce the property’s annual electricity and water usage by 12% and 27%, respectively.