WESLEY CHAPEL, Fla. (Oct. 22, 2015) – Compark 75 – the first industrial speculative development built in Tampa Bay following the recession – announced today that the property is fully leased, just one year after breaking ground on Phase II. Oscor, Inc., a manufacturer of highly specialized cardiac devices, leased the last remaining space in the development – a 36,300-square-foot space.
Heidi Tuttle-Beisner, CCIM, of Commercial Asset Partners Realty and exclusive listing agent for Compark 75, represented the landlord, HR Pasco, LLC. Kelly Prior of Kelly Prior Commercial Real Estate represented the tenant.
“Compark 75 Phase II was built speculatively with no leases signed upon breaking ground,” said Larry Morgan, owner of Compark 75. “Just one year later, we have leased the remaining space in Phase I and all of Phase II. This is a testament to the quality of the development, as well as the demand for this type of space in the Pasco County market.”
Located equidistant from the State Road 54 and State Road 56 interchanges in Wesley Chapel, Compark 75 is a Class A office park with flexible zoning to accommodate almost every use, including light industrial, warehouse, manufacturing and office. The development was built in phases, with Phase I totaling 108,000 square feet and Phase II totaling 130,000 square feet.
Phase III, which will add an additional 58,000 square feet of space to the development, will be completed in 2016.
“Compark 75 has helped provide locations for companies across the region that are looking for quality flex and light manufacturing space to meet their growing business needs,” said Tuttle-Beisner. “As a result, the development has created hundreds of jobs in the area over the last 12 months. Oscor will add an additional 30 to 50 jobs to the region when they move into the space in early 2016.”
Headquartered in Palm Harbor, Oscor designs, develops, manufactures and markets a variety of highly specialized implantable cardiac pacing leads, venous access systems and diagnostic catheters. This new location will serve as a distribution center for the organization’s medical devices.
About Commercial Asset Partners Realty: One of the top mid-sized commercial real estate companies in the Tampa Bay area, CAP Realty handles leasing and sales of retail, office and industrial properties, along with helping clients with real estate investment sales and land transactions. Based in Trinity, Fla., Broker-Owner Heidi Tuttle-Beisner and her team have built a company that has the experience and resources to handle a wide range of assignments, while offering a high level of personal service for each client. For more information, see the company’s website at www.cap-realty.com