Phase two of industrial park drawing ‘brisk interest’

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Each unit provides the ability to add a mezzanine for additional space suitable for office, storage or other related uses. The developer will be building-out a couple of show suites complete with mezzanines.

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“Rental rates are competitive in the Vernon market for new product,” Venture Commercial partner Jason Wills told Vernon Matters.

Phase two is about 25 per cent leased and offers a drive-thru pad option along Silver Star Road which can accommodate a building up to 4,250 square-feet A drive-thru restaurant, along with the potential for other retail and service based uses, offers a complement to the occupants and visitors of both phase one and two of the development.

The future phase three will allow for significant retail and service commercial opportunities with high exposure along Silver Star Road and Pleasant Valley Road.

Wills noted the development has a higher number of parking spaces than typical service commercial-light industrial configurations.

Phase one was completed last year and is fully leased. It houses a wide range of tenants such as NSM Mobility, Birch Hill Studios, Sky Volleyball Club, Alpha Graphics Design, Elements Bus Repair and more. The developer said it has attracted different business types due to its desirable unit sizes, quality construction, flexible space design and strategic location.

“Given the land costs in other Okanagan locations, we see the next big boom being here in Vernon,” Wills added.

While some developers have publicly complained Vernon’s development department is difficult to work with, the developer on this project said his experience was excellent.

“It has been a very pleasant experience working with the City of Vernon in building this project,” Oballa Realty Ltd. owner Marco Oballa told Vernon Matters. “In fact, I would say it has been excellent and a breath of fresh air in comparison to other municipalities we have worked with.

“We found the city to be very receptive to our plans and are very willing to assist in getting things moving quickly and efficiently through the steps involved. We are working on other projects within the City of Vernon and look forward to bringing more of the same quality product to market soon,” Oballa added.