Show Developer leases X for offices Phase I in retail commercial plaza plaza Having a modern modem dignified office building seems only a matter of course in light of the industrial development in inthe inthe the Vernal area The company that brought it to life is Utah Ashton-Utah Corp which its president RS Ashton describes as a real estate investment concern The square feet of of- of office of flee fice space completed so far should be nearly 40 percent leased by the end of the year said Ashton He has nine tenants so far The new Ashton Energy Center building just east of the newly newly- completed Sheraton Inn on West Highway 40 is the first phase of a five five- phase commercial and retail develop develop- development ment that will cover square feet Combined with the Sheraton Inn Vernal the project will be called Sheraton Plaza said Ashton a Vernal native son whose father Is Stewart Ashton Para Development Corp a subsidiary of Ashton utah owns the Ashton Energy Center A second subsidiary Para Management Corp manages the building Though Ashton has yet to name lessees lessee involved in the energy business he ho hopes to attract those companies as oil and gas exploration expands and oil oll shale and tar sand development increases Ashton said the energy center Includes unique features In office leasing Tenants will have a service full lease lE-ase that In- In Includes Includes m maintenance nce as s well as custodial costs Lessees have available common services for copying and computer use on an cost at-cost basis Tenants Ter can also create their own office environments according to Ashton The lease rate varies from 8 to 10 per square foot he added dep depending on whether space is of flee fice or storage use The four remaining phases have gone through basic design stages A San Francisco based urban planning firm the SWA group developed the site plan said Ashton In addition to offices for Ashton Utah Corp lessees include Silver Dollar Corp a Vernal Vernal based based transportation company a franchise for Diet Center a weight loss firm Executive Travel Cp a Salt Lake City travel agency specializing specializing ing In corporate travel GK King Drywall a Vernal firm and a franchise of the ERA real estate chain known as Ashley Valley galley ERA |