Financing Amount: $32,000,000

Property Summary:

On October 4, 2024, the Philadelphia Energy Authority, CCG PACE Funding and Industrial Metals Manufacturing executed the financial close to use C-PACE financing for the second  phase of an energy efficiency project for Rhoads Industries’ Building 57. The project completed the substantial renovation of the building’s footprint. Energy efficiency measures financed include high efficiency HVAC, interior LED lighting and controllers, building envelope (roof and wall) systems, and cranes. Energy savings calculations are based on improvements above IECC-2018, Philadelphia’s energy code baseline.

This financing was combined with the previous $15MM in financing for an amended and restated total C-PACE financing of $47MM.