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Henderson Commerce Center IV is undergoing a $34 million expansion. The commercial development, owned by Harsch Investment Properties, is located at the southeast corner of Eastgate and Warm Springs roads.
Plans call for five single-level, double-height buildings totaling 246,000 square feet. Construction is expected to begin in the first quarter with anticipated completion by December 2007.
Designed by Portland-based VLMK Engineers, the concrete tilt-wall buildings will offer a combination of lightindustrial, flex-office and mid-bay distribution space. Lease rates have yet to be determined. Harsch's Stacy Mbithi will handle the leasing. The buildings will range from 35,000 to 60,000 square feet in size, with 24-foot clear heights and grade-level and dock doors. Divisibility will be 750 to 15,000 square feet, with a parking-ratio of 31,000.
Harsch purchased the 17.5-acre property in December 2001 for $7.69 million, or $4.20 per square foot, from the LandWell Co.
Henderson Commerce Center IV currently consists of two buildings totaling 360,000 square feet. It's currently 80 percent occupied by such tenants as Good Humor and Storage Barn, among others. Asking rents are 50 to 70 cents per square foot triple-net.
Future...