Lone Star PACE has provided an $11.6 million C-PACE loan to Infrascale Systems for the conversion of a vacant industrial flex building in Irving, Texas, into the Vesgro Data Center colocation facility. The project involves repurposing a 113,406-square-foot building originally constructed in 1981. Construction is currently underway with a target completion date of September.
## Technical Specs and Power Capacity The conversion focuses on creating a high-capacity environment within the existing footprint of the 4.7-acre site. While the total building size is 113,406 square feet, the core of the operation is a 45,000-square-foot data hall. This hall is designed to support 3.0 megawatts of power capacity, a significant threshold for colocation services. By utilizing an industrial flex structure, the developers are able to leverage an existing shell to meet the specific power, cooling, and security requirements necessary for high-density data operations. This approach allows for a faster transition from a vacant industrial asset to a functional tech hub compared to traditional ground-up construction, which often faces more complex permitting and utility coordination.
## What This Conversion Signals for Irving's Industrial Market The real story here is the shift toward adaptive reuse as a primary strategy for meeting the DFW region's data infrastructure demands. Converting a 1981 industrial flex building rather than pursuing a ground-up build suggests that site availability and speed to market are becoming the dominant drivers in Irving. For investors, this move highlights how C-PACE financing is increasingly being used to bridge the gap between older industrial stock and modern high-tech requirements. It indicates that the Irving submarket is maturing into a hub where "ready-to-go" industrial shells with high power potential are more valuable than new-build footprints that might face longer zoning and construction cycles.
What this actually points to is a trend where the "bones" of the DFW industrial market are being upgraded rather than replaced. As data demand continues to scale, we can expect to see more of these "plug-and-play" conversions as the cost and time associated with new-build sites become less attractive for developers who can secure existing power-ready footprints. It is worth watching whether this specific conversion model becomes the standard for industrial-to-data-center plays across the Dallas-Fort Worth metroplex, particularly as power availability becomes the most constrained resource in the region.
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