Make us your home page
Instagram

Pasco, private companies seek to grow industrial space

LUTZ — A company that successfully marketed industrial space built speculatively, with no clients lined up in advance, is urging others to do likewise in Pasco County.

"It may have seemed risky at one time," said Heidi A. Tuttle-Beisner of Trinity's Commercial Asset Partners. But the lesson learned is "spec buildings can work."

The project she was discussing was ComPark 75, owned by auto dealer magnate Larry Morgan. He announced the 130,000-square-foot building in 2013, broke ground on it in 2014, and Tuttle-Beisner had filled it with five tenants by the middle of last year.

More expansion is following. ComPark 75, located south of Wesley Chapel Boulevard near Interstate 75 in Lutz, will have an additional 57,000 square feet of space available by summer.

Tuttle-Beisner delivered her message to 110 people who gathered last week at the Residence Inn at NorthPointe Village for a Pasco Economic Development Council session dubbed "Meet the Developers: The Future of Real Estate." It brought brokers and leasing agents together to showcase some of the capital investment going on within the economic development circles of Pasco County and attracted people from Ocala, Orlando and Polk County.

Tuttle-Beisner said ComPark 75 has been successful because of its location near I-75 and a 35-minute drive to Tampa International Airport; access to a high-end labor pool in Wesley Chapel and central Pasco; aesthetically pleasing construction; the flexibility to offer light industrial, warehouse, manufacturing or office space; and Pasco County's business incentives.

One of the tenants, Ortho Technology Inc., which moved to ComPark from Hillsborough County, just inked an economic incentive contract with the county, making it eligible for $231,000 if it creates 77 new full-time jobs as planned. Ortho Technology manufactures and distributes orthodontic supplies and patient accessories to 65 countries.

There will be ample opportunity for others to follow ComPark's lead. The county is seeking applicants for low-interest loans to add infrastructure to potential industrial/office sites or to build shell buildings as spec space. The effort is financed with $15 million from the Penny for Pasco sales tax, and interested parties have until April 11 to apply.

Tuttle-Beisner encouraged others to participate because industrial companies are seeking to expand immediately after years of slow or no growth.

"All the companies we've been dealing with want space today," she said.

Trying to attract and retain high-wage jobs has become a long-term goal of Pasco County as it seeks to diversify its residential-heavy tax base, expand a local economy reliant on construction and service-sector jobs and shed its bedroom community label. The county exports nearly half of its workforce, or 84,714 people, to another county each work day, almost double the U.S. average of 27 percent.

Among the other highlights of the Pasco EDC gathering:

• Danielle Ruiz, Duke Energy's economic development manager, said a Louisiana company using GPS data identified four sites capable of being developed into industrial parks of at least 200 acres. One of the sites includes land in and around the city of Zephyrhills containing 64 acres formerly targeted by Sysco Food Services as a distribution center. The other sites include two in northeast Pasco and another in west Pasco.

Duke, through its site readiness program, has focused on the Zephyrhills land, which totals 414 developable acres owned by three entities — Sysco, the Linville family and 4 Rail LLC — as a possible site to attract firms involved in aerospace, light industry/assembly or plastics. The land is near Zephyrhills Municipal Airport and has access to State Road 54 and a rail line but requires a $1.7 million upgrade for sewage capacity.

Duke has done similar technical evaluations on 187 sites in six states that have attracted 20 projects, 4,200 jobs and $3.7 billion capital investment.

• On the residential side, new home buyers have closed on a dozen homes in the Starkey Ranch development, with houses averaging nearly $391,000 for 2,841 square feet, said Matt Call of developer Wheelock Communities.

• Metro Development's connected city corridor is progressing in Wesley Chapel and eastern Pasco County with its signature amenity, the first man-made Crystal Lagoon in the United States, and is expected to open at the end of this year or in early 2017, said Kartik Goyani, Metro's vice president of operations.

The connected city corridor, a state-approved pilot project for a local planning area, includes ultrafast Internet as one of its centerpieces. The 7,800-acre planning area is bordered by Interstate 75, Curley and Overpass roads and State Road 52 and includes Metro's Epperson, Meadow Ridge and Mirada developments. Those project are planned for nearly 7,000 homes, 292,000 square feet of commercial space and 230,000 square feet of offices.

The 6-acre lagoon will be incorporated among some of the non-residential development within the Epperson project, Goyani said, providing workers at the employment center access to the water amenity.

Pasco, private companies seek to grow industrial space 03/10/16 [Last modified: Thursday, March 10, 2016 10:39am]
Photo reprints | Article reprints

© 2017 Tampa Bay Times

    

Join the discussion: Click to view comments, add yours

Loading...
  1. Federal agencies demand records from SeaWorld theme park

    Tourism

    ORLANDO — Two federal agencies are reportedly demanding financial records from SeaWorld.

    Killer whales Ikaika and Corky participate in behaviors commonly done in the wild during SeaWorld's Killer Whale educational presentation in this photo from Jan. 9. SeaWorld has been subpoenaed by two federal agencies for comments that executives and the company made in August 2014 about the impact from the "Blackfish" documentary. 
[Nelvin C. Cepeda/San Diego Union-Tribune/TNS]
  2. Legalized medical marijuana signed into law by Rick Scott

    State Roundup

    TALLAHASSEE — Gov. Rick Scott on Friday signed into law a broader medical marijuana system for the state, following through on a promise he made earlier this month.

    Gov. Rick Scott signed legislation on Friday that legalizes medical marijuana in Florida.
  3. Line of moms welcome Once Upon A Child to Carrollwood

    Business

    CARROLLWOOD — Strollers of all shapes and sizes are lined up in front of the store, and inside, there are racks of children's clothing in every color of the rainbow.

    At Once Upon A Child, you often as many baby strollers outside as you find baby furniture and accessories. It recently opened this location in Carrollwood. Photo by Danielle Hauser
  4. Pastries N Chaat brings North India cuisine to North Tampa

    Business

    TAMPA — Pastries N Chaat, a new restaurant offering Indian street food, opened this week near the University of South Florida.

    The menu at Pastries N Chaat includes a large variety of Biriyani, an entree owners say is beloved by millions. Photo courtesy of Pastries N Chaat.
  5. 'Garbage juice' seen as threat to drinking water in Florida Panhandle county

    Water

    To Waste Management, the nation's largest handler of garbage, the liquid that winds up at the bottom of a landfill is called "leachate," and it can safely be disposed of in a well that's 4,200 feet deep.

    Three samples that were displayed by Jackson County NAACP President Ronstance Pittman at a public meeting on Waste Management's deep well injection proposal. The sample on the left is full of leachate from the Jackson County landfill, the stuff that would be injected into the well. The sample on the right shows leachate after it's been treated at a wastewater treatment plant. The one in the middle is tap water.