Second development phase of Elko Geothermal Industrial Park planned

Due to the success of the Elko Geothermal Industrial Park, the property's owner, Elko Heat Company, is contemplating erecting another structure on the 22 acres of land it owns at 951 W. Main St.

Elko Geothermal Industrial Park currently consists of a 33,600-square-foot facility broken into seven units of 4,800 square feet.

Gary Mansour, leasing agent for Coldwell Banker/Algerio Q-Team Realty, says the property owners are studying architectural designs for another similar-sized building.

The new facility would be parceled into units of 3,000 square feet.

"We have some tenants that like that location, but they just don't want that big of a space," Mansour says.

The existing facilities had one tenant pre-lease its space, and nearly all the other units were leased before construction of the building was complete. Mining and related service companies make up most of the tenant mix Barrick Gold has two spaces it uses for warehousing, Mansour says.

One of the biggest attractions that helped lure current tenants to the site, Mansour says, was the savings realized through the geothermal heat that circulates through the building.

Elko Heat Company offered free heat to tenants who signed five-year leases. Tenants are saving approximately $650 each month on their heating bills, Mansour says.

"That was a good incentive to get the tenants to lease space," he says, adding that mining-related companies embrace the opportunity to be perceived as environmentally friendly.

The development is the first industrial property in Elko heated by geothermal. Barrick Gold erected new regional office space adjacent to the park that also uses geothermal heat.

Another selling point is a Union Pacific rail line that runs through the property.

"Manufacturers could use or transport their products through rail," Mansour says. "It makes it very attractive for industrial or mining-related companies."