FINFROCK says it has closed on the $36 million purchase of the 94-acre Glades Gateway Commerce Park in Belle Glade. The Central Florida-based company will build more than 140,000 sq. ft. of precast concrete manufacturing facilities and administrative offices on the property.
The company claims in a March 19 statement that it is the only vertically integrated design-builder and manufacturing company of its kind in the industry.
FINFROCK says it will now begin the complex process of clearing the site for construction. “This new South Florida facility will be within closer proximity to developers in Palm Beach, Dade, Broward and Southwest Florida counties, allowing FINFROCK to offer precast/prestressed concrete design, manufacturing and construction solutions more efficiently and cost-effectively to local clients,” the statement says.
In a statement, FINFROCK said its executives recently gathered with local leaders and the community to share plans for the site and introduce the company’s DualDeck Building System, an offsite construction construction brand “that allows projects to be completed significantly faster than with traditional construction methods,” the statement said.
The Belle Glade project is expected to have a $242 million economic impact on the region and create 200 new higher-wage jobs.
“The Business Development Board of Palm Beach County, the county, Belle Glade and the Glades District have been amazingly resourceful throughout this process, which was ultimately one of the many reasons we chose this site for long-term investment,” said president Bill Finfrock.
“We see tremendous potential in Palm Beach County, and we feel confident that by hiring locally, we will empower members of the community to excel in life-long careers at FINFROCK. We have a history of providing our employees with safe working environments and leadership training opportunities, while also offering educational programs to students who are interested in building careers in STEM-related industries.”
“People want to work. They want good paying jobs. FINFROCK recognized the immense potential of the Glades,” said Palm Beach County Commissioner Meissa McKinlay in a statement. “Their decision to locate here is the beginning of a tremendous economic spark for the region. This happened because of the strong public-private relationship between the County, the City of Belle Glade, our educational partners and the Business Development Board. When we all work together, good things happen. Finfrock believed in these relationships, too, and we welcome them to the Glades.”
FINFROCK says it has a 75-year history and is “known as the nation’s largest design-builder of parking structures,” asserting it has designed and built more than 27 million sq. ft. of parking; 300 garages nationwide; and one quarter of a million parking stalls.
“In addition to parking structures, FINFROCK continues to design and build commercial, multifamily and mixed-use projects and will focus on building more of these in southeast and southwest Florida. FINFROCK’s high-profile clients include many of Florida’s universities, hotels, hospital systems and municipalities,” the statement said.
“We are excited to offer unique opportunities to utilize precast/prestressed concrete in the South Florida market,” FINFROCK CEO Allen Finfrock said. “Our concrete product and advanced capabilities are ideal for this market. Not only is precast/prestressed concrete aesthetically versatile, low maintenance and environmentally friendly, but it is also resilient, offering superior protection in natural disasters like hurricanes. We look forward to working closely with local developers and educating them on the exciting new possibilities we can bring to the table.”