Construction is underway on two more warehouse buildings at the nearly 60-acre Playfair Commerce Park, the former home of the Playfair horse racing track in East Spokane.
“Depending on the success of the two buildings, construction could start on another (warehouse) this year,” says Nick Czapla, the chief operating officer of L.B. Stone Properties Group LLC, the developer of the park.
The two buildings under construction, named Playfair 10 and Playfair 9, are expected to be completed in the latter part of spring and midsummer, respectively.
“(Playfair) 10 is a little ahead of 9. Construction only recently started at Playfair 9,” Czapla says.
Combined construction costs for the two buildings is $5.6 million, according to city of Spokane records.
The first building is slated to have 75,000 square feet of floor space, and the second is to have 60,000 square feet. Both will have 30 feet of clearance height available for pickups and deliveries, he says.
Neither building has a committed tenants, but Czapla says there’s been “a lot of interest” shown in Playfair 10.
Lawrence Stone, president and CEO of Scafco Corp. and head of Playfair Commerce Park LLC, bought 48 acres of the 63-acre former Playfair Race Course horse track property from the city in 2010 for $2.1 million. Stone bought another 10 acres from the city in early 2016.
Since then, eight companies, including Scafco Steel Stud Manufacturing Co., have established operations in four completed warehouses there with more than 400 workers, Czapla says.
When completed, the entire commerce park is scheduled to have a total of 11 warehouse buildings with a total of 668,000 square feet of interior space.
Last summer, a new street opened that connects Altamont Street with Ferry Avenue at the west end of the complex. Playfair privately built the road and then donated it to the city of Spokane.
Czapla asserts he knows of no other developer in Spokane County that’s currently building warehouses to general specifications, although some developers are building to suit, which tends to be more expensive.
“I think that’s why we’ve received a strong response and have had businesses occupying space quickly,” he says.
Playfair 5, completed in early December, has 52,000 square feet of space and now serves as home to Copper State Bolt & Nut Co., a Phoenix-based company that manufactures and distributes industrial fasteners, and CWallA Building Materials Co. Czapla says Playfair 5 still has 14,000 square feet available for lease.
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