13 acres of land ready to develop in Rio Rancho

This rendering shows proposed buildings at the new VeriReady verified site in Rio Rancho, Broadmoor Business Park. The VeriReady program offers sites with preliminary paperwork already completed, so buildings can be constructed and ready for use within 11 months. Courtesy rendering.

RIO RANCHO, N.M. — Sandoval Economic Alliance has announced availability of its first VeriReady verified site, Broadmoor Business Park.

The site, near Rio Rancho’s City Center at Broadmoor and Montezuma boulevards, contains 13 acres of land for sale or lease, ready for quick development.

Broadmoor Business Park offers availability within 11 months and was assembled by a local team of volunteer professionals, including Excalibur Realty & Investments, Springer 5 Investments, Mark Goodwin & Associates, Studio Southwest Architects and Klinger Constructors.

“This project took a great deal of collaboration between our volunteer team, our city, county and community partners, and Mark Goodwin as the certifying engineer on the project, and we can’t thank them all enough for being so generous with their time,” said Tom Novak, SEA board member and CEO of Klinger Constructors. “These efforts echo the sentiment that Rio Rancho and Sandoval County are ready for business and open for development, as we have many more VeriReady projects in the pipeline.”

Available incentives and financing mechanisms for a project on the VeriReady property may include Local Economic Development Act funds, an Industrial Revenue Bond tax abatement, local fee reductions and Job Training Incentive Program cash reimbursement from the State of New Mexico.

“This new site is in a growing area of commercial and residential development, and ideal for any of SEA’s target industries of life sciences, advanced technology and manufacturing, and professional services and support,” said Jeanie Springer Knight, partner at Springer 5 Investments and lead on the Broadmoor Business Park project. “The community already has business clusters in these sectors with Intel, Safelite, Alliance Data, HP, Concentrix, S&P Data, Brycon, Aeroparts, Lectrosonics, Insight Lighting, Sparklight and DHF Technical Products.”

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