Park City Business Park ready to open
November 17, 2009
The Park City Business Center hit a few snags and is a little behind schedule, but the first building with six leaseable spaces will be open for occupancy early next month, said Glenn Girsberger, a broker with Rocky Mountain Commercial Properties.
The 50-acre park with 30 developable lots is just north of Geneva Rock at Quinn’s Junction and across U.S. 40 from the Park City Medical Center.
Back in March, Girsberger thought the 44,000-square-foot building would be ready by August. That didn’t happen, but three businesses have signed letters of intent to move in Dec. 1, he said.
That leaves three spaces still available, and drivers on U.S. 40 can see "For Lease" signs on the property. The units range from 2,700 to 12,400 but bays can be combined to create a larger space if needed.
The area’s zoning makes it welcoming to a variety of industries including manufacturing and repair-type businesses, he said.
Last March he said the units can be built up to 32 vertical feet with 24 feet of "clear height" for shelving. The original idea was to accommodate warehouses and distribution-related businesses.
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He said one challenge with leasing is that prospective tenants say they’re unsure about their business’s future.
"The market definitely is slow," he said Monday. "People are worried about six months from now, so people are having trouble prognosticating five years from now."
Girsberger said his company is patient and understanding.
"We’re willing to work out short term leases if that’s what it takes to accommodate their business plan," he said.
They’re also willing to bend their original site plan and allow custom-designed buildings. In about two months, an 11,000-square-foot structure will be started that will be made of concrete instead of steel and drywall to accommodate a unique use. The wait time from permit approval to occupancy is only about six months, he said.
The 44,000-square-foot design is well insulated, however, and is satisfactory for most uses, he added.
"Every lot is fully developed with water, sewer and gas already there," he said.