Pinecroft Business Park begin work on newest building
Business park expands, sells off some excess landJuly 18th, 2019
Pinecroft LLC, the development company for Pinecroft Business Park, is erecting its newest structure, a $2.4 million, nearly 31,000-square-foot office building, which will be the 18th office building in the complex.
The structure, to be located at 12509 E. Mirabeau Parkway, in Spokane Valley, is being built using the tilt-up concrete construction method, says Jamie Traeger, of JMA Commercial Real Estate, which manages the Pinecroft Business Park.
The office building will be located on the east corner of Mirabeau and Cherry Street.
It will be visually similar to the existing office buildings, says Traeger, meaning the exterior of the building will be inlaid with a brick pattern and will have similar landscaping.
“We’re building a sandwich-panel construction, so you’ve got insulation within two layers of concrete in the exterior walls,” she says. “And some of the exterior walls will have a masonry component which is the inlaid brick, very similar to the other buildings that we’ve built out here.”
Divcon Inc., of Spokane, is the contractor on the project, which was designed by Architectural Ventures, of Spokane Valley.
Pinecroft Business Park currently has a mix of back office companies and technology companies, says Traeger, and while JMA hasn’t secured a tenant for the new building yet, she imagines that the tenant will be a company similar to the existing tenants.
“Our bread-and-butter tenants at Pinecroft are back office-users who want a nice location for their employee base, easy access for both their employees and visitors,” she says. Tenants also will have access to free parking.
“I think our environment works with tech-type companies as well,” she adds.
The shell of the new building is expected to be finished before the end of the year, with tenant improvements slated for the first quarter of 2020, pending a tenant commitment.
Pinecroft currently has about 470,000 square feet of office space in the park. Tenants include Northwestern Mutual, HRG, Verint, Lynx Healthcare, and Amica. It’s the fifth largest business park in the Spokane area, in terms of square footage, according to data compiled by the Journal’s annual Office and Business Parks list.
Pinecroft is also in the process of selling about 5 acres of land it owns adjacent to the office park on the edge of the Spokane River, across from Kaiser Aluminum, to Hayden-based Whitewater Creek Inc., says Traeger.
A representative of Whitewater Creek couldn’t be reached immediately for comment.
According to a predevelopment application on file at Spokane Valley, Whitewater Creek plans to build six, three-story apartment buildings with 120 living units and a clubhouse on the lot.
The project, dubbed Mirabeau Commons, will have a mix of one-, two-, and three-bedroom units, according to plans.
Included in the plans are 133 parking stalls and 30 carports.
ZBA Architecture, of Spokane, is designing the project.
Traeger says Chris Bell, of NAI Black, is handling the transaction, and Whitewater Creek likely will finalize the purchase of the land once permits for the project have been approved by the city of Spokane Valley.