Larry Morgan and CLW Industrial Group Announce Plans for New Industrial Buildings in Pasco County

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Larry Morgan, one of the region's leading business and community leaders, and CLW Industrial Group, an established Tampa Bay area developer, recently announced plans for new speculative Class A industrial space in Pasco County's ComPark 75 industrial park. This second phase of ComPark 75 is the first speculative industrial development in West Central Florida in over four years.

Larry Morgan, one of the region's leading business and community leaders, and CLW Industrial Group, an established Tampa Bay area developer, recently announced plans for new speculative Class A industrial space in Pasco County's ComPark 75 industrial park. This second phase of ComPark 75 is the first speculative industrial development in West Central Florida in over four years. The permitting process is underway and groundbreaking is scheduled for early June of this year. In total, nearly 130,000 square feet of light industrial space will be developed in two separate buildings, both suitable for manufacturing, warehouse and distribution operations.            

Morgan, CEO of Morgan Family Enterprises, commented, "We couldn't be more excited to help contribute to the economic development of our area. The continued development of ComPark 75 is 'the right thing at the right time.' We need more industrial development to match the area's growing residential population. This development will help attract new business to the area and create new jobs. The time is now to let businesses know that Pasco County is serious about creating a highly desirable environment for business development. It's great to be a part of this project that will help provide jobs and strengthen the economy."

Noted economist William Fruth recently highlighted the crucial need for industrial development during the Pasco Economic Development Council's annual business development luncheon. In addition, T. Rowe Price and Raymond James Financial have recently announced plans to establish operations in Pasco County, providing confirmation of the area's viability to attract new businesses with higher than average paying jobs.

ComPark 75's Phase II will house an estimated 250 new jobs in a variety of industries. In addition, construction workers in as many as 25 industry-related trades will be hired to the build the new space. ComPark 75 is the only modern, Class A industrial project available to meet the needs of businesses whose owners and managers live in the New Tampa and Wesley Chapel areas, and the businesses that wish to serve these growing populations.

"Businesses have consistently expressed interest in establishing operations in Pasco County, but in the past the area hasn't had suitable space for them," stated Ross Kirk, principal of CLW Industrial Group. "With ComPark's Phase II expansion, we will now be able to offer attractive, well located, state-of-the-art facilities. This is literally the first speculative industrial development project in West Central Florida in the past four and half years. It's a significant feat, and a statement of our belief of more good economic news to come for our area."    

Spring Engineering, Inc is providing design services for the project. Both new buildings will be modern, concrete tilt-wall construction and share a truck court. The grade-level buildings will be conducive to office/showroom or traditional office/warehouse uses. The dock-high buildings will be 24 feet clear, served by an ESFR fire sprinkler system and cater to a mix of distribution, manufacturing and warehouse users. In addition, ComPark 75 will offer space development services with "finish-to-suit" options that will tailor to a wide variety of client needs. Further, a new "grand entry" is planned that will dramatically increase the presence of ComPark 75.

Heidi Tuttle-Beisner, president of Commercial Asset Partners, is the exclusive agent for ComPark 75, handling the leasing of Phase II, land sales and development build-to-suits.    

About ComPark 75:
ComPark 75 is a Class A park of commerce which abuts I-75 and is strategically located equidistant between the State Road 54 and State Road 56 interchanges, 12 miles east of the Suncoast Parkway. Approximately 700,000 square feet of vertical development can be accommodated on over 60 acres of developable land.

ComPark 75 has the distinction of being the only park of its size in the north Tampa Bay metro market and offers zoning flexible enough to accommodate almost every use. Multiple housing communities surround it as well as retail centers that include three planned shopping malls totaling over three million square feet within a two-mile radius of the park. Whether you are looking to lease or own, ComPark 75 is the smart solution for your business move.

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Heidi Tuttle-Beisner, CCIM
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