St. Louis Storage Facility Achieves Low Carbon Verification
PACE Equity has awarded its CIRRUS Low Carbon verification for StorCo Self-Storage, a storage facility located just outside of St. Louis in St. Peters, Missouri.
With $3 million in Commercial Property Assessed Clean Energy (C-PACE) financing, the building will significantly reduce carbon emissions. The project developer, St. Peters Storage LLC, identified an unmet local demand for self-storage and designed a new, semi-conditioned storage facility featuring 365 units and over 67,000 square feet. The design includes improvements to the building, which align with PACE Equity’s CIRRUS Low Carbon design specification, the only financing option that offers lower rates for a building’s lower carbon design.
StorCo can now leverage its low-carbon status to market the facility as an energy- and water-efficient storage option while seeing decreased operational energy costs. The energy-efficient improvements enable StorCo to save 3,985 metric tons of carbon and 44 percent of electricity costs compared to the building at baseline code.
Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories.
With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.