DALLAS, Sept. 24, 2024 (GLOBE NEWSWIRE) -- Lone Star PACE, a leading administrator of Texas' Commercial Property Assessed Clean Energy Program, today announced it helped arrange $3.5M in C-PACE financing for sustainable building renovations at Meadow Park Tower in Dallas County.
The 263,000-square-foot, 15-story, multitenant office building is located at 10440 N. Central Expressway in Dallas. The building was constructed in 1986 and renovated in 2016. A subsequent renovation began in 2022 and includes the installation of sustainable building components, including energy-efficient windows and walls, LED lighting, improved HVAC systems and low-flow plumbing.
Lee McCormick, president of Lone Star PACE, said: "It was an honor to partner with Bradford MPT Partners and Bayview PACE on this project, which breathes new life into a landmark office tower at the heart of North Dallas. C-PACE financing is a great tool to incentivize the modernization of aging building stock, which is especially valuable in today's evolving office market."
C-PACE allows property ...
