The former Gateway/Acer Computer campus is 746,000 square feet (sf), consisting of 460,000 sf of corporate office/call center space, 222,000 sf of warehouse/distribution/manufacturing space and 64,000 sf of amenity/common area/data center space, situated on a 76.23 acre site. The Class B steel buildings with metal siding were constructed in multiple phases from 1989 through 1997. The entire campus is served by MidAmerican Energy through high voltage metal clad switchgear. Each building has a 12,470-480 volt transformer that is owned and maintained by MidAmerican and has one or two 480 volt diesel generators that provide emergency power as well as back-up power for many applications. All data centers, phone closets, security and fire systems are powered by UPS systems that are also backed up by generators. The campus is the anchor of Gateway Business Park, known as “telecom alley” as it contains the infrastructure necessary to operate redundant, state-of-the-art tech and telecom facilities, including all required fiber optics and high bandwidth connectivity. The land has varied zoning that includes heavy industrial, general commercial, office, manufacturing and warehouse/distribution. The parcels are level with asphalt parking and would need very little grading for re-development. The parcels are also rectangular in shape and would allow for optimal FAR.
Gateway Business Park is located in North Sioux City in the State of South Dakota. South Dakota is known as a state that has an excellent business climate. There are low costs for doing business, and there is no personal income tax, corporate income tax, or inheritance tax. North Sioux City is part of a larger tri-state area known as Siouxland, which has traditionally had a stable economy, with unemployment rates well below the national average. The Sioux City MSA has over 168,000 residents and its economic strength has always been concentrated in the agri-business industry due to the proximity of fertile land and abundant water resources. Many executives live in the nearby upscale master-planned community of Dakota Dunes, featuring the Arnold Palmer-designed championship Dakota Dunes Country Club. Those that live and work in South Dakota pay no state income tax.
The Sioux City MSA is expected to continue driving economic growth in the Midwest. The growing regional and national importance of the local agricultural sector has helped keep the local economy expanding at or above the national rate, while insulating it from major economic slowdowns. CF Industries just finished constructing a $2B fertilizer plant, Seaboard Triumph Foods just opened a $264M pork processing plant, Interstate 29 is going from 4 lanes to 6 through the City by 2019, US 20 will be 4 lanes from Chicago to Sioux City by 2019 and Hard Rock Hotel & Casino just open a $140M facility downtown. For the sixth time in the last decade, the Siouxland Metropolitan Statistical Area (MSA) ranks first in the nation in its population category for economic development in 2016, according to results released by Site Selection magazine. The Sioux City MSA was also recognized as the top economic development community for populations under 200,000 in 2007, 2008, 2012, 2013, and 2015. The Siouxland metro ranked second in both 2009 and 2014 and finished third in 2006. The metro region has ranked in the top three nationally in its population category in a remarkable nine of the last eleven years.
