Risk pays off for spec project

Naysayers bet Compark 75's plan to add 130,000 square feet of speculative space to the Pasco County market in early 2014 wouldn't end well for park owner Morgan Family Ventures and developer Ross Kirk.

But roughly a year after delivery, the Wesley Chapel park is 100% leased. That success has prompted Morgan and Kirk to start a 57,000-square-foot spec project in the 60-acre park.
That building will be finished this summer, Commercial Asset Partners Realty agent Heidi Tuttle-Beisner, who handles the park's leasing, recently told a meeting sponsored by the Pasco County Economic Development Council.

Compark, on Interstate 75, is slated to contain 700,000 square feet at build-out.