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Chicago & Midwest  + North Side  + Hospitality  | 

Amped Kitchens Project Lands $4.6M C-PACE Financing

Counterpointe Sustainable Real Estate (CounterpointeSRE) provided $4.6 million in Commercial Property Assessed Clean Energy (C-PACE) funding in support of completed energy-efficiency work at the recently opened Amped Kitchens Chicago facility in the Northwest Side’s Belmont-Cragin neighborhood.
 
The C-PACE funding was applied with the consent of a consortium of New Markets Tax Credit program investors. They included Local Initiatives Support Corporation, Southside Community Redevelopment Enterprise, FirstPathway Partners, Consortium America, Chicago Community Loan Fund, Blue Hub Capital and PNC Bank.

“The opportunity to provide a significant capital infusion to this project and its development team is valuable in that it both supports the energy-efficiency choices made by the Amped Kitchens and helps keep costs down for those that operate their businesses from this facility,” said Eric Alini, managing partner at CounterpointeSRE.

The project converted a former Zenith television factory into a 113,000-square-foot facility with 64 kitchens for leasing to food manufacturers.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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