News
BY HEATHER MCCULLOUGH
Colleyville officials to relocate business center to The Village its website. The details
The Colleyville Business Center will relocate to 35 Veranda Lane in The Village with the Colleyville Chamber of Commerce subleasing. City Council unanimously approved the agree- ment Jan. 22 with Council Member Mark Alphonso abstaining from the vote due to his active involve- ment with the chamber. The overview The first floor, consisting of 5,208 total square feet, was leased to the business center with the chamber subleasing 1,825 square feet. The remaining eight offices and conference room can be rented by businesses. “This is a great opportunity for us to be homegrown, homogenized and build up our own economic development,” Colleyville Mayor Bobby Lindamood said. The business center is the central point for information and assistance for businesses and entrepreneurs located in Colleyville, according to
Colleyville Business Center new location
The lease will last five years with the opportu- nity to renew at the end of the term. Colleyville will pay $19.30 per square foot annually with a 4% yearly increase. The chamber will pay $22.50 per square foot yearly with a 4% annual increase. The city expects $113,513 in revenue annually. The annual cost is $106,236 and the initial fee is $40,000 for furniture and equipment. The background The business center currently is located at 5601 Colleyville Blvd. The city subleased the building from Wells Fargo five years ago until April 30, 2024, Wood said. Chamber officials hope to eventually set aside enough money to purchase their own building, Colleyville chamber President Hannah Mack said. “We’ve been so grateful for not only our
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partnership but the constant attendance of our city managers, our city council members and our mayor at our luncheons,” Colleyville chamber board Chair Candace Sandifer said.
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GRAPEVINE - COLLEYVILLE - SOUTHLAKE EDITION
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