Texas PACE Authority is proud to celebrate with Brazos County on the closing of its first TX-PACE projects, two related developments that were finalized on the same day. While same-day dual closings are uncommon, these projects stand out for demonstrating how high-performance design and strategic energy investments accelerate economic growth in one of Texas’ most dynamic regions.

“Same-day multiple closings like these are rare. They reflect exactly what TX-PACE was designed to do: bring together committed owners, lenders, and local leaders to drive innovation through energy-efficient investment. We’re honored to work alongside Brazos County and our lending partners to support development that benefits the entire community,” shared Charlene Heydinger, president of Texas PACE Authority.

The Lumin at Lake Walk, a 99,735 NSF Class A office building, and The Lumin Garage, a two-story parking structure supporting the office building and future development, closed their PACE financing simultaneously. Bayview PACE provided the PACE financing. The Office PACE loan totaled $14.9 million, and the Garage TX-PACE loan of $650,000 which resulted in a single day total of more than $15.5 million dollars invested in energy efficiency improvements in Bryan, Texas.

”Finding the right capital structure for two separate components of this transformative project was challenging," said David Segers, CFO and partner with William Cole Companies.  "PACE provided the solution that we were looking for.  This was our first PACE project and Texas PACE Authority and Bayview helped us get it across the finish line."

A Modern, Energy-Efficient Addition to Bryan–College Station

Designed by Austin-based architects Nelsen Partners, The Lumin adds first Class A+ office space to Bryan–College Station with premium amenities including a fitness facility, tenant lounge, conference space, and integrated parking structure, the Lumin is positioned to become the premier office address in the Brazos Valley.

TX-PACE financing played a defining role in integrating high-performance building components that reduce operating expenses and support long-term sustainability. Eligible improvements for the office project include:

• Building Envelope: Enhanced glazing and insulation
• Electrical: High-efficiency lighting systems
• HVAC: High-efficiency heating and cooling
• Water Efficiency: Low-flow fixtures

The Lumin Garage used TX-PACE financing to install efficient lighting, improving both energy performance and user safety.

These improvements will ensure that the new developments perform at the highest level for decades to come while reducing operating costs for the owners and the surrounding community.

Bayview’s Commitment to High-Performance Development

Bayview PACE served as the PACE lender for both projects, supporting the development’s long-term sustainability through TX-PACE’s proven capital structure.

“We are proud to partner with William Cole Companies for this beautiful new Class-A property providing a great workplace within the amenity-rich Lake Walk community,” said Jeff Klar, Vice President of Coral Gables, FL-based Bayview PACE. “Our C-PACE financing’s flexible and efficient structure underscores the value of C-PACE in facilitating major new developments."

A Vision for Sustainable Growth at Lake Walk

Located within the Lake Walk development, The Lumin is part of a broader vision to create a vibrant mix of technology and innovation. The owners leveraged the TX-PACE program to integrate advanced building systems that would have been cost-prohibitive under traditional financing alone.

The dual projects reflect Brazos County’s growing role as a leader in energy-efficient development and demonstrate how TX-PACE can encourage private investment while strengthening community resilience.

Texas PACE Authority looks forward to continued collaboration with Brazos County, our lending partners, and innovative property owners who are shaping the future of the region.

About Texas PACE Authority

Texas PACE Authority (TPA) is the nonprofit administrator of more than 100 local TX-PACE programs. TPA empowers commercial, industrial, and multifamily property owners across Texas to make energy and water-saving upgrades that reduce costs, benefit the environment, and support local communities. Working with local governments, lenders, and service providers, TPA has facilitated over half a billion dollars in new investment statewide.