Infrastructure construction is nearly completed for the Wild Horse Pass Business Park, which is located on the southern edge of Chandler and Phoenix, just west of Interstate 10 between Queen Creek and Pecos Roads. Parcels from 3.5 acres to 80 acres are being offered for long-term lease to light manufacturing, back office and office users. At least one developer should be signed by year–end and perhaps two users, says John Werstler, a broker with CB Richard Ellis, the listing agent for the business park.

"They have not been involved in a lot of development deals," he says. "The casino has afforded them the funds to develop other revenue sources. They will do whatever it takes to make sure that the business park is a success."

Infrastructure costs for the business park, which includes roads and a fiber-optic loop, are more than $10 million. Werstler expects to attract users that otherwise would have gone to Chandler or Phoenix by offering significant savings because of the absence of property taxes and accelerated depreciation (22 years as opposed to 39 years). A 75,000-sf office in the business park would save $2.5 million over a five-year period, Werstler says.