The success of a Pasco business park’s flexible design space off Road 90 is prompting a similar project in Kennewick.
A new 44,170-square-foot commercial building is planned for 4112 W. 24th Ave. on 3.43 acres. It will feature Class A office space up front and flex space in the back of the two-story building.
Tenants love this kind of flex space because it has multiple uses as it could be for classrooms, a gymnasium or a showroom, said Trini Garibay, president of Elite Construction and Development.
His Pasco-based company is the developer for the $8 million project.
“It’s a very popular design. When we did the project off Road 90, it leased up pretty quick. Tenants were excited about the flexibility it gave them,” Garibay said.
Tenants in the Road 90 Business Park Development include Tri-Cities Engineering; Terence L. Thornhill, Architect; AHBL; and CrossFit Unrestrained. Elite also moved its headquarters there.
“It’s really what the market is looking for. The market is demanding it. It has a nice aesthetic. Spending a lot of time on the design really pays off. The tenants love the look,” said James Wade, realtor and commercial broker for the Kenmore Team of Kennewick. “They are consciously paying attention to the design and visual aesthetic. It’s not just building a box covered in stucco. It’s unique and each space has own space and stands out.”
The design work was done in-house, Garibay said.
The building could include up to 14 suites, at 2,128 square feet on the first floor and 952 square feet on the second floor, but those suites can be customized by tenants.
“There’s nothing like this out there,” Garibay said.
Garibay expects the project to take nine months to complete and expects it to be done in late spring.
“We really like our timing for this project because of the location and because of all the positive things going on at Southridge: the Bob Olson Parkway, residential lots coming on line, Trios clearing bankruptcy. There’s lots of construction activity going on at and we’re right in heart of it,” Wade said.
The property’s site plan also includes two 6,000-square-foot building in front of the larger building.
Those two buildings could be potentially for sale, Wade said. “There’s been strong interest already,” he said.
“It’s great to have interest in a project before you even break ground,” Garibay said.
The lease space is listed at $15 a foot, plus triple net, or NNN, an agreement where the tenant agrees to pay all real estate taxes, building insurance and maintenance.
“It’s affordable. This will cater to established or start up business. It gives a starting business a huge leg up. It will give confidence to their clients. The building provides positive vibes and great synergy from that standpoint,” Garibay said.
Elite Construction and Development has been in business for 10 years and employs about 70.
Starting out, the company worked out of a 10-by-12 bedroom for three years and then in a warehouse for five years.
During all its construction projects along the way, the company took notes, Garibay said.
“We understand what it would be like to have an affordable space that instilled confidence when a customer walked in door. Impressions matter. We always wanted to give the right impression.
“There’s a lot of thought that went into this. How it would be functional but aesthetically pleasing,” he said.
RDJ LLC, a partnership made up of Elite Construction and other partners, is the owner of the Southridge property.