PACE Loan Group Finances $11.6 Million Loan For Vesgro Data Center Development In Irving Texas

The property asset involved in this transaction is a development site located at 6001 Campus Circle Drive West in Irving, TX. The site spans 4.69 acres and features a total building square footage of 113,406. The loan amount associated with this property is $11,600,000.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $11,600,000
• Address: 6001 Campus Circle Drive West
• Market: Irving, TX
• Asset Size: 113,406 BSF
• Acres: 4.69
• Lender: PACE Loan Group
• Landlord: Brad Lonberger - Infrascale Systems

The transaction is notable as PACE Loan Group closed an $11.6 million C-PACE financing for Vesgro Data Center, which is led by Infrascale Systems. This financing is aimed at converting a vacant industrial-flex building into a modern 3.0 MW colocation facility, with an expected completion date in September 2026. The project is backed by Lone Star PACE and involves the repurposing of a property originally built in 1981, featuring strong power access, located near DFW Airport.