Total Truck Parts executives Marc Karon, Tom Gibson, Leo Cordeiro and Dennis Imbody break ground for the company’s new 47,000-square-foot facility on Glades Cutoff Road in Port St. Lucie.
Officials from Total Truck Parts and local dignitaries broke ground in Port St. Lucie, Florida, for the company’s largest facility.
After an almost two-year-long search, the employee-owned company with six locations in central and South Florida selected a 6-acre site in Midway Business Park to build its third company-owned facility. The 47,000-square-foot building will include a 5,000-square-foot showroom, 16 heavy truck and trailer repair bays, a large area for hydraulic and drive line repair, and extensive warehouse space for parts.
“This new building is necessary to address the significant growth on Florida’s Treasure Coast,” said Total Truck Parts Chairman and President Marc Karon. “It is also key to our multifaceted growth strategy of expanding our shop repair capability with repair bays and shop services, as well as maintaining a deep inventory of parts to better serve our diverse customer base.”
“Our team is most excited about the continued company investment in growth and all the new opportunities that will be available to us with a facility of this size and functionality,” said CEO Leo Cordeiro. Completion of the new facility is anticipated in late 2023.
Founded in 2002, Total Truck Parks has grown to be the largest independently owned commercial truck parts and repair business in the southeastern United States. The company employs a total of 106, of which 14 currently work in the neighboring city of Fort Pierce. The new Port St. Lucie location will have the potential to more than double local employment to 30, with wages at 25% above St. Lucie County’s average wage. Capital investment for the facility is estimated at $6 million plus additional investment for equipment and interior buildout.
“Total Truck Parts chose a fantastic location for their new facility, within a drive of just two miles to Interstate 95, so their customers can be back on the road and back in business quickly,” said Port St. Lucie Council Member David Pickett. “We are also very happy to be able to keep the company’s existing 14 local employees at work within the county and look forward to all the new jobs that will be created at this new facility.”
“It’s always exciting to see a local company grow, and we are very glad to be able to accommodate that growth within St. Lucie County,” said Pete Tesch, president of the Economic Development Council of St. Lucie County. “Total Truck Parts has been a thriving local employer for decades and the company’s investment in a new state-of-the-art facility here, the largest one in their portfolio, is the most rewarding kind of economic development of all. Richard K. Davis Construction Corp. of Fort Pierce is the general contractor for the project.
About Total Truck Parts
Total Truck Parts is the leading supplier of parts and service for commercial vehicles in Florida and the largest independently owned commercial truck parts and repair business in southeast Florida. Founded in 2002, the award-winning company’s value proposition is based on offering quality parts equivalent to, or superior than, the original equipment parts, along with a broad range of repair services and a deep inventory of parts that give its customers the opportunity to achieve their goals with one supplier. Total Truck Parts has six locations in Florida. Its more than 100 employee-owners have been providing world-class customer service in the Florida market for many years, accruing extensive product knowledge to diagnose problems and provide solutions for today’s complicated vehicles. For more information, visit www.totaltruckparts.net.
About the Economic Development Council of St. Lucie County
The EDC is a private, not-for-profit organization dedicated to promoting economic vitality in St. Lucie County through the attraction, retention and expansion of businesses in the community. The EDC works in partnership with local governments and the private sector to advance its goals of creating more and better-paying jobs for residents, broadening the tax base and improving St. Lucie County’s economic quality of life. Contact the EDC at 772.336.6250 or www.youredc.com.
Treasure Coast Business is a news service and magazine published in print, via e-newsletter and online at tcbusiness.com by Indian River Media Group. For more information or to report news email news@indianrivermedia.com
From left, Michael Rem of JBL Development, Fort Pierce Mayor Linda Hudson and Sandra Pabon of Itasca Construction Partners sign the cornerstone of the Interstate Commerce Center. Photo by MaryAnn Ketcham
Dozens of dignitaries gathered along Interstate 95 in Fort Pierce on Feb. 15 to add their signatures to a cornerstone for the Interstate Commerce Center (ICC).
Currently under construction at 3800 Crossroads Parkway in the Crossroads Park of Commerce, the 207,458-square-foot Class-A industrial building has 1,300 feet of clear I-95 frontage and is located in St. Lucie County at the northernmost point where I-95 and Florida’s Turnpike intersect.
The facility is being developed on 12.7 acres by JBL Development and will be managed by JBL Asset Management. Itasca Construction Partners is the general contractor. Designed for mid-size users with space requirements from 20,000 to 200,000 square feet, the facility will be ready for occupancy this spring.
ICC is located within one mile of both Exit 129 on I-95 and Exit 152 on the turnpike. The facility’s location provides for access to Orlando, Fort Myers and Miami within two hours. When complete, the facility will have 32-foot interior clear heights, a 60-foot speed bay, 60 dock-high loading bays, and several at-grade ramps. Separate parking areas and entrances for employees will prioritize safety and visitor experience with a total of 302 parking spaces on site.
“There is currently quite a bit of product being developed for large users, so we are very excited to be able to offer attractive Class-A facilities for mid-size users with I-95 frontage and excellent access to both the interstate and Florida’s Turnpike,” said Michael Rem with JBL Development. “These distinctive and desirable qualities are driving interest from efficiency-minded businesses seeking brand exposure and quick access to Florida’s most densely populated hubs.”
“JBL’s choice of Fort Pierce as the home for this excellent facility was a wise one,” said Fort Pierce Mayor Linda Hudson. “Not only is the Interstate Commerce Center located at the northernmost point where the turnpike and I-95 come together, there is easy access to the Treasure Coast International Airport, the Port of Fort Pierce, the Florida East Coast railroad, our safe Fort Pierce Inlet connecting the Indian River Lagoon to the Atlantic Ocean, and our pristine uncrowded beaches.”
“Since the inception of this project, JBL Asset Management has engaged with the St. Lucie County community to ensure the end users at the Interstate Commerce Center will not only have first-class space to lease in a great location but also have connections to the community to assist with employment and business services,” said Pete Tesch, president of the Economic Development Council of St. Lucie County. “Our signatures on the building’s cornerstone are tokens of our ongoing commitment to assist the tenants -- future local employers -- who will be joining us here in the Sunrise City.”
“We are pleased to work with JBL and the Economic Development Council of St. Lucie County in taking this top-tier industrial project to market,” said Michael Falk, executive vice president at Colliers. “We anticipate high demand for the facility given its ability to provide for tenants as low as 20,000 square feet with brand new, quality space in Fort Pierce’s booming market with excellent visibility along I-95.” Leasing inquiries can be directed to Falk at 561.478.6400.
About JBL Asset Management
The project’s sponsor and property manager is JBL Asset Management, a privately held, fully integrated commercial real estate services company. Founded in 2005 by Jacob Khotoveli, JBL invests private capital on behalf of itself and its investment partners. JBL is based in South Florida and invests in major metropolitan areas on the eastern half of the United States. Led by a skilled and seasoned management team, the company provides in-house professionals for all aspects of the real estate equation. JBL’s portfolio currently exceeds 4 million square feet of real estate, diversified between asset classes of retail, multifamily and industrial products.
JBL Development, partnered alongside JBL Asset Management, has a proven track record of delivering high-quality projects on time and within budget. The company’s reputation has been built on execution within the industry and its portfolio includes 1,100+ multifamily units in various stages of development, 500,000+ square feet of ground up commercial product, and 400,000+ square feet of commercial repositioning projects.
Avenue Property Group is a boutique real estate investment company, founded in 2010 by Daniel Gohari, that specializes in identifying industrial/commercial assets and executing opportunistic strategies designed to maximize value. The group’s investment strategy is governed by extensive knowledge of targeted real estate markets across the United States, with a focus on Florida and New York. The long-term strategic vision is to recognize deficiencies in the real estate and capital markets and implement practical approaches to unlock value. Avenue Property Group owns and is a partner in over 3 million square feet of real estate and is actively looking for opportunities.
Interstate Commerce Center Leasing Inquiries
Colliers Executive Vice President Michael Falk, Executive Vice President Scott Weprin, and Associate Jonathan Temple represent the property owner in leasing opportunities at the property. Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 63 countries, its 18,000 enterprising professionals work collaboratively to provide expert real estate and investment advice to clients. For more than 27 years, the company’s experienced leadership with significant inside ownership has delivered compound annual investment returns of approximately 20% for shareholders. With annual revenues of $4.6 billion and $92 billion of assets under management, Colliers maximizes the potential of property and real assets to accelerate the success of its clients, investors, and people. Contact Michael Falk and Jonathan Temple at 561.478.6400 or Michael.Falk@colliers.com / Jonathan.Temple@colliers.com for leasing inquiries.
About the Economic Development Council of St. Lucie County
The EDC is a private, not-for-profit organization dedicated to promoting economic vitality in St. Lucie County through the attraction, retention and expansion of businesses in the community. The EDC works in partnership with local governments and the private sector to advance its goals of creating more and better-paying jobs for residents, broadening the tax base and improving St. Lucie County’s economic quality of life. Contact the EDC at 772.336.6250 or www.youredc.com.
Treasure Coast Business is a news service and magazine published in print, via e-newsletter and online at tcbusiness.com by Indian River Media Group. For more information or to report news email news@indianrivermedia.com
Treasure Coast Business is a news service and magazine published in print, via e-newsletter and online at tcbusiness.com by Indian River Media Group. For more information or to report news email staff@tcbusiness.com
IRSC Nursing Students
There’s a critical need for more nurses in Florida. According to the Florida Hospital Association, by 2035, the state will have 59,100 fewer nurses than it requires. In direct response to this workforce crisis, on Tuesday, December 14, Indian River State College will announce plans to double the number of graduates in its nursing programs and launch the construction phase of a project that moves the IRSC School of Nursing to its Pruitt Campus in Port St. Lucie by Fall 2022.
The public is invited to attend the event on IRSC’s Pruitt Campus (500 N.W. California Blvd.) at 10:00 a.m. The event site, Building G, is one of two structures slated for complete re-imagination as IRSC works with Harvard Jolly Architecture—one of the largest firms in Florida with expertise in healthcare architecture and interior design—to transform the buildings into state-of-the-art nursing classrooms and simulated clinical settings. Proctor Construction, the firm responsible for the new Advanced Workforce Training Complex and multiple IRSC renovation projects, will construct the new home for the School of Nursing.
“Graduates of the IRSC Nursing program have always been highly sought-after,” states Dr. Timothy Moore, IRSC President. “Not a week goes by where at least one local healthcare facility reaches out to our School of Nursing to connect with alumni or soon-to-be graduates. By expanding our Nursing program and investing in these modern facilities, we can be even more responsive to our partners’ workforce needs.”
IRSC Associate Degree and R.N. to B.S.N. Nursing programs are nationally accredited, and students train to local and state clinical requirements. Licensure and certification rates for IRSC Associate Degree in Nursing students are consistently above state and national levels. Over the past three years, the average employment rate for IRSC A.D.N. graduates averaged 99%.
The December 14 event will feature renderings of the facilities, nursing simulations, a meet-and-greet with IRSC nursing students and faculty, and addresses from Nancy Hilton, M.N., R.N., NEA-BC, Chief Nursing Officer, St. Lucie Medical Center; Robert Lord Jr., President, Cleveland Clinic Martin Health; and Dr. Timothy Moore, President, Indian River State College.
Those interested in joining IRSC at the “Reimaging Nursing” event should R.S.V.P. to Nina Jewett, Pruitt Campus Coordinator, at 772-336-6210 or njewett@irsc.edu no later than Monday, December 12.
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