Through Spinnaker Real Estate Partners (managing partner and a principle investor), this industrial complex had energy upgrades financed using C-PACE, aligning with Spinnaker’s commitment to resilient and sustainable building practices. Built in 1943, Spinnaker saw potential in Glenbrook and redeveloped the 185,000 sq. ft. space into a modern home for makers, artisans, and manufacturing firms. C-PACE financing was used to install a 135kW solar PV rooftop system to create an efficient location that was attractive to tenants who prioritize sustainability, while lowering their operating costs. Across a portfolio of 3 solar projects financed with C-PACE, Spinnaker will have annual energy savings of $203,700, amounting to $4,074,005 in total energy savings over financing term.