MINNEAPOLIS, June 11, 2026 (GLOBE NEWSWIRE) -- PACE Loan Group closed an $11.6 million C-PACE financing for Vesgro Data Center being developed by Infrascale Systems, a local Dallas-Ft. Worth data center developer. The loan will be used to convert a vacant 113,406 sq. ft. industrial-flex property into a 3.0 MW colocation data center, delivering approximately 45,000 square feet of raised-floor data hall space. Lone Star PACE, the foremost C-PACE administrator in Texas, facilitated the closing.

Infrascale partnered with the Vesgro, site's owner, who had planned to lease the property at 6001 Campus Circle Drive West as a distribution facility. However, considering its 8.5 MW power allocation and the growing demand for Tier IV data centers, decided this was a better use. The renovation is underway and expected to be complete by September 2026. The C-PACE financing will fund improvements to HVAC systems, lighting, electrical infrastructure, generators, and the building envelope.

"This property started as a first-generation data center in the 1980s, when needs were completely different. We will be able to leverage the underlying power by adding modern infrastructure to create a premier enterprise colocation facility," said Brad Lonberger, CEO of Infrascale.

Set on a 4.69-acre site, the two-story commercial building was built in 1981. It sits near key transportation corridors and strong infrastructure networks, including fiber routes, power transmission lines, and utility corridors, which enhance network connectivity and redundancy, both critical for data center operations.

Robbie Pinkas, senior vice president, PACE Loan Group, originated ...