San Diego-based life sciences firm expands to East Coast, buys Dunedin industrial property for $3.9 million

A San Diego-based life sciences firm targeted on offering scientific and engineering providers to the U.S. Division of Protection and Homeland Safety is increasing to the East Coast by including a second location to its operations. Paloma Azul, LLC, affiliated with Amaratek, has bought a 33,846-square-foot industrial property positioned at 150 Douglas Ave. in Dunedin for $3.9 million.

With move-in to 150 Douglas Ave. deliberate for early 2024, Amaratek President David Dumas expects Amaratek’s growth will carry 20 new high-paying jobs to the world. Amaratek plans to rent for program managers with protection contracting expertise, machinists, welders, chemists, and engineers.

Heidi Tuttle-Beisner, broker-owner at Industrial Asset Companions (CAP) Realty represented the customer in the true property transaction. Brian Andrus of Stonebridge Actual Property/Andrus Growth Group, represented the vendor, Bridgeview Property Investments, LLC.

“It is a excellent instance of firms from different states seeing the various advantages of dwelling and working a enterprise in Florida,” mentioned Tuttle-Beisner. “Life sciences firms have significantly been within the better Tampa Bay space, and we’re thrilled to have discovered a property right here that works for Amaratek’s wants. The Metropolis of Dunedin and Pinellas County actually rolled out the purple carpet to assist carry Amaratek right here.”

Initially based in November 2002 to ship analysis and growth providers to the U.S. Division of Protection and Homeland Safety, Amaratek developed a organic system for the neutralization of chemical weapons and delivered a working system to the U.S. Military in March 2004. Later, Amaratek acknowledged it might additionally apply lots of the expertise and insights honed for navy purposes to civil authorities tasks. Now, along with its deal with U.S. protection and safety, Amaratek supplies technical providers to overseas governments, non-governmental organizations (NGOs) and social entrepreneurs.

The commercial property in Dunedin is over thrice bigger than Amaratek’s constructing in San Diego. The constructing was beforehand used as a producing house, so it met a lot of Amaratek’s electrical and plumbing necessities. A build-out is at the moment underway to satisfy the corporate’s further wants, corresponding to including chemistry labs, a medium-scale chemistry manufacturing house and fencing to safe the yard.

“It’s very onerous to do enterprise in California,” Dumas mentioned. “The manufacturing and actual property rules are crippling. And people seem to largely go away with this transfer to Florida. Our hope is that increasing to Florida will permit us to arrange manufacturing operations in a extra business-friendly setting.”

As for why Dunedin and Pinellas County, Dumas cited the provision of the property on Douglas Avenue and help from Tuttle-Beisner, the nice and cozy welcome he acquired from the Metropolis of Dunedin and Pinellas County, household ties to the world and Tampa Bay’s workforce high quality for specialised jobs. Amaratek additionally works intently with teams housed at MacDill Air Drive Base in Tampa.

“We very a lot admire that Amaratek acknowledges the worth Dunedin brings for his or her growth – from boating to the Blue Jays to the Pinellas Path, and every little thing in between,” mentioned Bob Ironsmith, financial growth director for the Metropolis of Dunedin. “When firms like Amaratek come right here, it helps put Dunedin on the radar for different high-quality firms trying to increase or relocate.”

“On behalf of Pinellas County, I’m thrilled that Amaratek will probably be increasing into Dunedin and including to our strong protection trade,” mentioned Pinellas County’s director, Dr. Cynthia Johnson. “Pinellas’ preferrred enterprise local weather presents all the proper issues that mission-critical firms want – a gifted protection and manufacturing workforce, a cluster of the nation’s main contractors, and technical and enterprise help packages to assist protection contractors increase. We stay up for serving to the corporate succeed and develop.”

“Duke Power is proud to assist Amaratek’s growth to Dunedin,”mentioned Danielle M. Ruiz, director, trade recruitment, Florida financial growth at Duke Power. “Pinellas County, the Metropolis of Dunedin and Industrial Asset Companions Realty have been a fantastic crew to hitch in our sharing of the various attributes that make this space preferrred for scientific and engineering providers throughout the protection sector. The analysis of the constructing’s present electrical infrastructure, together with offering an summary of packages and providers provided by means of Duke Power, regionally and thru the state, will assist Amaratek’s means to save lots of money and time as they ramp up their new location.”

“Loads of satisfaction comes from figuring out that our transactions enhance the native space,” Andrus mentioned. “The vendor has moved into a bigger location in Pinellas Park, the place the present mayor welcomed them at their grand opening a number of months in the past.”

About Industrial Asset Companions Realty: One of many prime mid-sized industrial actual property firms within the Tampa Bay space, CAP Realty handles leasing and gross sales of retail, workplace and industrial properties, together with serving to shoppers with actual property funding gross sales and land transactions. Primarily based in New Port Richey, Fla., Dealer-Proprietor Heidi Tuttle-Beisner and her crew have constructed an organization that has the expertise and assets to deal with a variety of assignments, whereas providing a excessive stage of non-public service for every shopper. For extra data, see the corporate’s web site at www.cap-realty.com.

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