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(DELRAY BEACH, FL) – Samuels & Associates announced today that International Materials, Inc.(“IMI”), an international trading and logistics provider, signed a 20,052-square-foot lease to relocate and expand its corporate headquarters to the Offices at 4th & 5th Delray. Moving from Florida’s Boca Raton to the Delray Beach central business district, IMI will occupy nearly two-thirds of the mixed-use building’s third floor Class A office space at 25 SE 4th Ave.
The relocation and expansion of IMI’s headquarters will allow the company to accommodate its existing HQ roster of 45 full-time professionals and further attract top talent in line with its anticipated growth trajectory.
“As a locally owned and managed business, we are thrilled to move back to downtown Delray Beach where many of us have been residents for years,” said Robert Walsh, President, IMI. “The prospect of locating our headquarters in this state-of-the-art building, steps away from Atlantic Avenue, is a dream scenario that will allow us to grow our business and make room for the future. We are grateful for the support we have received from the City and from Samuels & Associates.”
Approximately 6,181 square feet of office space now remains on the third floor of the Offices at 4th & 5thDelray. The 144,733-square-foot, four-story mixed-use project, newly developed in a joint venture between Samuels & Associates and American Realty Advisors, sits in the heart of Delray Beach where there is a convergence between high demand and limited Class A office development. The unique office space features a spacious 8,600-square-foot terrace with unmatched city and ocean views, an onsite iPic theater, and a restaurant.
“Samuels & Associates is delighted to welcome IMI to its new space in the Offices at 4th & 5th Delray,” said Peter Sougarides, Principal, Samuels & Associates. “As we continue to implement a thoughtful placemaking process in the dynamic downtown Delray Beach neighborhood, we look forward to welcoming companies and employees who will enliven the local downtown economy.”
“There is no denying the staying power and increasing vibrancy of Delray Beach's downtown as a corporate destination. We were able to attract a corporate headquarters relocation during this COVID-19 pandemic,” said Mayor Shelly Petrolia. “We are excited to welcome IMI’s headquarters into the City of Delray Beach and look forward to helping IMI grow in our city.”
“This IMI corporate headquarters relocation to the Delray Beach central business district is a testament to the strength of our city and evidence that the investments in our public-private partnerships strategically located for economic development are beginning to pay off,” said Stephanie Immelman, President & CEO, Greater Delray Beach Chamber of Commerce.
In the transaction, Samuels & Associates was represented by Keith O’Donnell and Gary Gottlieb of Avison Young, and IMI was represented by Ingrid Kennemer of Coastal Commercial Group.
Amenities for 4th & 5th Delray office tenants include:
Additionally, 4th & 5th Delray is minutes from Interstate 95, US-1, South Florida beaches, and a short drive from two international airports.
IMI, founded in 1987, is one of the leading independent bulk raw material trading companies in the world. The company focuses on serving the global needs of customers in cement, construction, and steel markets by delivering cementitious and fuel products efficiently and to customer specifications. IMI currently supplies physical raw materials to over 60 countries worldwide through its South Florida headquarters and principal overseas offices in Madrid, Singapore, Dubai, Shanghai, Bogota, Melbourne, and Hanoi. For more information, visit www.imius.com.
About Samuels & Associates
Samuels & Associates, headquartered in Boston, MA, has been building communities for more than two decades. Pioneers in development, leasing and merchandising, and property management, the Samuels & Associates team specializes in creating mixed-use development projects with active pedestrian spaces, flexible and inspiring commercial spaces, and dynamic combinations of retailers and restaurateurs.Samuels & Associates is guided by the belief that people should live, work, shop and play in dynamic communities that inspire and enrich all aspects of their lives. For more information, visit www.samuelsre.com.
About ARA | American Realty Advisors
American Realty Advisors (“ARA”), headquartered in Los Angeles, CA, is a private equity real estate investment manager on behalf of institutional capital and invests in a commercial real estate portfolio with over $10.2 billion in assets under management. Through a series of offerings of core, core-plus, and value-add strategies which includes equity, debt, preferred equity, mezzanine and hybrid debt, ARA invests in a wide range of opportunities in high quality office, retail, industrial, multi-family, and other property types throughout the United States. More information regarding ARA can be found at www.aracapital.com.
About Avison Young
Avison Young is the world’s fastest-growing commercial real estate services firm. Headquartered in Toronto, Canada, Avison Young is a collaborative, global firm owned and operated by its principals. Founded in 1978, the company comprises 2,600 real estate professionals in 84 offices, providing value-added, client-centric investment sales, leasing, advisory, management, financing and mortgage placement services to owners and occupiers of office, retail, industrial and multi-family properties. For more information, visit www.avisonyoung.com.
About Coastal Commercial Group
Coastal Commercial Group (“CCG”) is the prominent commercial real estate services firm in Delray Beach, Florida. CCG was founded in 2003 with an emphasis on commercial real estate services in South Palm Beach County. CCG provides clients representation for both leasing and sales services primarily of office, retail, multi-family, and light industrial properties. CCG maintains close connections to the local communities and Municipalities in which it operates. For more information, visit www.ccregrp.com.