US POLO ASSOCIATION SUBSIDIARY CHOOSES WEST PALM BEACH FOR WORLD HEADQUARTERS; CITES INTERNATIONAL TRAVELER APPEAL & AREA’S FAVORABLE LIFESTYLE

Published Friday, April 3, 2015

West Palm Beach, Fla. – The Business Development Board of Palm Beach County (BDB) is pleased to announce that USPA Properties, Inc., a wholly owned subsidiary of the United States Polo Association, has decided to relocate its corporate headquarters to Palm Beach County from Lexington, Kentucky. USPA Properties will occupy 7,000 square feet of space at 1400 Centrepark in West Palm Beach where it expects to host a professional staff of approximately 30.

United States Polo Association serves as the non-profit governing body, since 1890, for the sport of polo in the U.S. USPA Properties manages the U.S. Polo Association brand, partnering with licensees in over 135 countries worldwide to provide consumers with branded apparel, accessories, luggage, home furnishings and more.

The company was drawn to the West Palm Beach region due to its desirability as an international polo destination and its favorable lifestyle and area demographics that will allow the company to attract top talent. Palm Beach County was selected over rival cities Atlanta, Dallas and Houston.

“Today is an exciting time for the City of West Palm Beach as we celebrate USPA’s relocation to our area. With easy access to international airports, a skilled workforce and unparalleled quality of life, this is the perfect location for corporate headquarters. We appreciate their commitment to Palm Beach County and look forward to continued growth,” said Kelly Smallridge, President and CEO of BDB.

“USPA Properties’ choice to lease space at 1400 Centrepark further validates West Palm Beach as a destination for corporate and regional headquarters,” said Steven Paige, Managing Director at NAI/Merin Hunter Codman, which represents leasing and management of 1400 Centrepark on behalf of its owner. “The Palm Beach County office market continues to attract high-caliber companies in diverse industries, and that broad cross-section adds to the market’s vitality.”

“USPA Properties is entering a new era of growth, and we wanted a corporate presence and location commensurate with our international status. Palm Beach County has a long and rich polo heritage, and we could find no more ideal place to locate,” said David Cummings, President and CEO of USPA Properties.

Cummings noted that the Museum of Polo and Hall of Fame, in Lake Worth, is located not far from USPA’s new location. In addition, North America’s most prestigious polo event, the U.S. Open Polo Championship — now in its 111th year — has been hosted since 2004 at the International Polo Club Palm Beach in Wellington. Cummings sited the Palm Beach County and Miami areas as key U.S. markets for USPA Properties, which operates a for-profit business that spans the globe from North America, the Caribbean, Mexico and Central and South America, to Europe, Russia, the Middle East and more. The U.S. Polo Association brand, which has lines for men, women and children, has experienced 22 percent annual sales growth in the last five years.

West Palm Beach Mayor Jerry Muoio will preside over a ribbon-cutting ceremony for USPA Properties at 1400 Centrepark on April 14, 2015 at 5:30 p.m. Key executives of USPA Properties will be in attendance as will polo ponies and players. The company plans to occupy its new headquarters space this summer.

About USPA Properties (www.poloassnglobal.com): USPA Properties, Inc., a wholly owned, for-profit subsidiary of the U.S. Polo Association, manages the association’s licensing program in over 135 countries through independent retail, department, online and brand stores. As steward of the association’s marks, the company’s mission is to develop long-term revenue sources to help underwrite programs for education about polo and promotion of the sport in the U.S. including sanctioned tournaments and player handicaps, interscholastic programs, a Team USPA mentoring program, and equine welfare initiatives among other stewardship activities.

About the BDB: The Business Development Board of Palm Beach County is the official public/private economic development organization for Palm Beach County and Enterprise Florida.  Founded in 1982 as a not-for-profit corporation, its primary purpose is to attract and retain new industry, business investment, high quality jobs and workforce development through corporate relocations, expansions and international trade. During the past five years, the BDB has assisted companies that have created more than 12,650 direct jobs with average salaries greater than $62,900, resulting in more than $615 million in capital investment to Palm Beach County and an economic impact that exceeds $4.9 billion. Additional information can be found at the BDB’s website, www.BDB.org.

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Investors

#1 Palm Beach County Board of County Commissioners Aerojet Rocketdyne Bank of America Bank United Baptist Health South Florida
Caler, Donten, Levine, Cohen, Porter & Veil, P.A. CareerSource Carrier DePuy Synthes Power Tools, a Johnson & Johnson Company Equestrian Center
Florida Crystals Corporation FPL Greenberg Traurig Gunster Hardrives, Inc.
HCA Palm Beach Hospitals Hedrick Brothers Construction Hospital for Special Surgery J.C. White JP Morgan Chase
LRP Publications Martens Group Minto Communities, LLC NCCI Nova Southeastern University
Palm Beach Aggregates, LLC Palm Beach Park of Commerce PNC Bank Pratt & Whitney (A United Technologies Company) Raymond James Financial Services/Boynton Financial Group, Inc.
RSM South Florida Business & Wealth Magazine South Florida Business Journal Stiles-Nicholson Foundation TD Bank
Tortoise Properties Wells Fargo & Company Wexford Capital