Groundbreaking Tuesday for TurnKey Corrections and Three Square Market New Headquarters
First tenants of the new 54-acre corporate park, Sterling Ponds in River Falls, WI.
"We are pleased to expand our operations in River Falls and look forward to working with the City and our new corporate and community partners," said Patrick McMullan, Chief Operations Officer.
"The groundbreaking Tuesday will be the culmination of efforts by many over the last year to build a new home for our growing enterprises and work force. We are pleased with the building design, which will provide current - and future - staff with a more expansive workplace that includes one of our very own micro markets, plus many other amenities."
The new building, set to open in early 2017, will have 115,000 square feet of space, which will house more than 150 employees. Both companies are currently hiring and plan to increase their workforce at this location.
The City of River Falls purchased the land for the Sterling Ponds Corporate Park property in 2011 and began planning for its development. The City has two additional corporate parks: Whitetail Ridge, on Highway 35 North; and the River Falls Industrial Park, east of North Main Street.
"The beauty of the park is that it is a turnkey operation, said Buddy Lucero, Director of Community Development, City of River Falls. "Commercial zoning has been approved and the City has already installed electricity, water, and sewer lines in most lots, and plan to complete utility infrastructure by later this year."
There are 11 industrial lots included in the park. TurnKey will occupy two, and two more are under development for the St. Croix Valley Business Incubator and REV Materials LLC, an early stage start-up focused on providing custom materials to innovators and inventors in the plastics industry. Lucero said that the remaining lots are adjustable as new companies express interest.
According to Lucero, the corporate park is "being developed to provide options for manufacturing companies and professional offices seeking high visibility, high value, convenience, and an affordable location to meet and provide a pleasant and productive work environment."
In addition to the industrial site, the City is working with developers and property owners to build new single-family housing units on vacant property in the neighborhood to the east. The City is also considering developing additional park space.