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PACE deal closed in San Francisco – A Class waterfront property!

San Francisco has launched a green financing PACE program to help its estimated 226 million square feet of large commercial buildings become among the country’s most energy and water efficient.

The Port of San Francisco’s historic property at Pier 1, the corporate headquarters of Prologis Inc., will be the first energy efficiency upgrade funded through the city’s GreenFinanceSF program that uses Property-Assessed Clean Energy (PACE) bond financing. Johnson Controls, the global leader in delivering solutions that increase energy efficiency in buildings, will design and implement the project. Read full story.