Compark 75 is growing again.
The industrial park, off Wesley Chapel Boulevard, will add a new 65,000-square-foot building to four buildings that are already leased almost to capacity.
The permitting process for the new structure is under way, with construction set for 2016.
(File Photo)
No tenant has signed on yet, but that’s typical for an industrial park that, from the start, has proved that location and the right market conditions will produce results.
“All of our tenants have come after the building was built,” said Heidi Tuttle-Beisner of Commercial Asset Partners Realty, an agent for the property. “They feel confident in the level of activity.”
In October, Compark 75 will welcome two new tenants.
Streetside Classics Cars specializes in the consignment, purchase and sale of classic and collectible cars. Compark 75 is its fourth showroom. Other locations are in Charlotte, Dallas/Fort Worth and Atlanta.
An orthodontics distribution company also will relocate from Tampa into about 41,000 square feet of space at Compark 75.
The company name has not been announced, but Tuttle-Beisner said, “It’s a high-end, incredible company.”
The office park is strategically located next to Interstate 75 about halfway between the State Road 54 and State Road 56 interchanges.
Suncoast Parkway is 12 miles to the west. The Tampa North Aero Park is along the park’s northern boundary.
A $15 million expansion of Compark 75 broke ground in 2014. It was the first major investment in commercial office construction in Pasco County since the recession.
Ross Kirk, owner of KVR Development LLC, handles the development and design of the park. Larry Morgan, president of HR Pasco LLP, owns the park.
“It’s a collaborative effort,” Tuttle-Beisner said.
The 165-acre site is zoned light industrial and can accommodate warehouse, manufacturing and office uses. About 105 acres is wetlands, which will not be developed.
“It will remain the greenest industrial park in the Tampa Bay area,” she said.
Among tenants at the park are the Pasco County Tax Collector’s office and the U.S. Geological Survey Florida Water Science Center.
Nearly two years ago, J.T.D. Enterprises relocated from Michigan to Compark 75. The company manufactures tubular fabrications and assemblies used in products such as golf ball retrievers and flagpoles. Its products also are applicable to defense technologies.
Companies attracted to Compark 75 generally are looking to expand in locations that offer easy access to the interstate system, and they find that in Pasco, Tuttle-Beisner said.
The area’s attractiveness also is being helped by retail development along the State Road 54 and State Road 56 corridors.
The Shops at Wiregrass and the soon-to-open Tampa Premium Outlets are adding amenities and jobs to the area. But Tuttle-Beisner noted: “All the jobs can’t be retail.”
Compark 75 is helping diversify Pasco’s economy by bringing manufacturing and distribution companies into the mix.
“There is nothing else out there like this,” Tuttle-Beisner said.
Published July 29, 2015
