A Spokane company headed by developers John Miller and Bob Bonuccelli plans to develop two additional phases of Pinecroft Business Park, in the Spokane Valley, that they project will be the site of $68 million in new commercial buildings.


The company, Pinecroft LLC, will put in the two phases of development on 65 acres of vacant land across Mirabeau Parkway from the Pinecroft Business Parks first phase. The first phase of the park, developed separately by Miller, currently includes seven buildings and is located on 27 acres at the southeast corner of Pines Road and Mirabeau Parkway.


The buildings in the parks next two phases likely will be constructed over the next 15 years, depending on demand for building space there, although the first phase has moved along more quickly than had been expected. Miller and Bonuccelli hope that work on the first of the structures will begin this year.


We want to start work right away, Miller says.


The first of the two coming phases will be on 33 acres of land Pinecroft LLC owns that fronts on both Pines and Mirabeau. The property wraps around the Village Square Realty LLC office building, which is at the northeast corner of Pines and Mirabeau.


Miller says some site work already is under way there, and Pinecroft LLC expects to begin making infrastructure improvements there later this year.


Bonuccelli says prospective tenants already have made proposals to have buildings erected in the second phase.


For the third phase of the park, Pinecroft LLC has agreed to buy 32 acres of land directly east of the second-phase site. That transaction is expected to close soon, Miller says.


The two additional phases at Pinecroft Business Park are expected to be the site of buildings with a total of about 680,000 square feet of floor space, with the structures ranging in size from 15,000 to 100,000 square feet of space. When all three phases of the park are done, theyre expected to have more than 850,000 square feet of space.


Miller developed the first phase of Pinecroft through a company called Lumber Yard Investments LLC. The seven buildings that have been constructed thus far in that part of the park have a total of about 170,000 square feet of floor space. Lumber Yard Investments owns all but one of those structuresa 17,000-square-foot building owned and occupied by Edmo Distributors.


Miller says the buildings envisioned in the parks upcoming two phases likely will be build-to-suit structures geared at specific users. Pinecroft LLC expects to maintain ownership of most of the structures and lease out the space in them.


The buildings constructed in phase two and three are expected to be similar in design to the existing buildings at Pinecroft, all of which are concrete tilt-up structures with brick veneers.


He says Pinecrofts first phase was completed in about half the time he expected. When Lumber Yard Investments started work on the first building in 1998, Miller had said he believed it would take about 10 years to develop the park fully. Five years later, only three building lots remain.


Current tenants include Cricket Communications, Boeing Employees Credit Union, WFS Financial Inc., and a division of Itron Inc.


Bonuccelli says national and regional companies that are looking for locations in the Spokane area have expressed disappointment to him about a lack of business-park settings comparable to those they find elsewhere.


Divcon Inc., a Spokane construction company that Miller and his family own, will be the general contractor on the coming buildings at Pinecroft. JMA Commercial Real Estate, a brokerage recently started here by Millers daughter, Jamie Miller, will handle leasing activity there.