By tapping into PACE Wisconsin’s ability to finance recently-completed (up to 30 months) C-PACE-eligible projects, the property owners were able to replenish equity used to start the project with C-PACE capital, allowing the owners to use the equity for additional investment while enhancing the return of the property. C-PACE was able to refinance over $7M in project costs for new lobby windows, lighting upgrades, HVAC, low-flow water fixtures, and electrical optimization of the building.
OM Station, the former Oscar Mayer headquarters in Madison, WI, consists of 1.7 million square feet of industrial and office space, and sits on 69 acres of land. The facility includes manufacturing, cold storage, office, creative work space, and high bay warehouse distribution space. Rabin, in partnership with Reich Brothers, purchased the property in 2017 and has since then completed substantial improvements to the property and is now actively leasing.