Five Below executives buy Florida mansion as part of Philadelphia’s pipeline – Floridanewstimes.com
So far, among other questions, they haven’t commented on the reaction it received to the possibility of leaving due to tax concerns, and whether Naples would ever function as headquarters.
Adam Palmer of LandQwest represented the landlord of the Craft Center under Ametek’s contract, and Tara Stokes of Investment Properties Corporation of Naples played that role in the Five Below negotiations. A common thread was the CBRE company, which handled both companies through a local representative, Jeff Gauge and his Philadelphia office.
Currently, there are a few Philadelphia pipelines in southwestern Florida, and we’re not just talking about former players on Cheesesteak and Phillies broadcasters. John crook, Local high school Softball coach When Restaurant owner..
CEO Chris Gay Sense Wawa He told me he felt kind of left behind because all of his companion and companion convenience store top dogs in his brotherhood city seem to have a hideout in southwestern Florida.
“I’m an outsider in that regard,” said Gaysen’s.
Even the CEO of the Four Seasons Total Landscape, in this case not the Four Seasons Hotel, Last year’s bizarre press conference There is a place in Naples by President Trump’s private lawyer Rudy Giuliani. Marie Shilabo landed in Treviso Bay for $ 820,000 during the summer.
► Lives in Pelican Bay and Gulf Shore Playhouse Director Don McCulloch is the founder and chairman of Philadelphia-based MPS Capital, a private investment firm focused on consumer products and internet companies.
► Celebrating its 15th anniversary this month, two other locations for Mill Creek Capital Advisors, investment specialists in Conshohocken, Pennsylvania, are in Pittsburgh and Naples.
► Kenneth Coshenol, a former police officer in Buck County, PA, based in Naples, is the CEO and founder of Philadelphia-based GF Hotels & Resorts, which has 140 facilities from Keirago to Seattle.
► Honchos of the International Insurance Group Dual Commercial has its US headquarters in Naples and other locations, including the Birthplace of America, which can be reached by phone from the nearby area code.
► In leadership position, Marty Manion from Philadelphia left Quaker City. Naples Regional Real Estate CommissionWith the Mayor of Fort Myers Beach Villa Nova Alumni Ray Murphy I run a consulting firm at Collier’s Immo Curry Road.
Hearts movement spurred Florida trends
Expect more corporate presence in southwestern Florida, as Boyd mentioned earlier in the column. Void Company, an international corporate site selection company based in Boca Raton, works with dozens of clients in Sunshine and around the world to track global development trends. Over 45 years as Boeing, Dell, World Bank, Samsung, UPS.
“It’s right to move our headquarters to Florida. Southwest Florida, especially the Naples region, is certainly in a good position to take advantage of this trend. Our headquarters offices are functioning like never before.” Said Boyd. “Southwest Florida is increasingly appearing on our site selection radar screen.”
Estero-based hertz Driven by some mudAccording to Boyd, arriving nearly 10 years ago has brought other people to the peninsula.
“Since 1972, we’ve created a list of headquarters relocations that set trends every year. The relocation of Hertz from northern New Jersey to southwestern Florida has created an unprecedented list,” said Boyd. I am. It “is a precursor to Florida’s tendency to be seen as a” common place “for reluctant transferees, often required to travel long distances, and came from a variety of US regions and cultures.
“Today, Southwest Florida is a major landing for these types of headquarters integration, as the southern Florida cities of Miami and Fort Lauderdale have opened up a niche for headquarters operations servicing the Latin American market. I consider it a point. “
What is a draw?
“There is no personal income tax in Florida, relative real estate bargains, low property taxes, and the impact of remote workers staying in southwest Florida and bringing their company from Boston, New York, Chicago, California, or Latin America. (And other regions) are all giving a tailwind to the economic development of southwestern Florida. “
Last week, Cape Coral reported that it was the leader in remote work applications in the country’s metropolitan areas, according to a survey by LinkedIn’s job site this month. The continuous influx of these workers could expand the employment pool. The employment pool has shrunk dramatically, with low unemployment and being considered full employment by labor standards.
“Holy Grail of Economic Development”
So why do we need to worry about where the company is based?
Boyd calls it the “Holy Grail of Economic Development.”
“Headquarters is the gold standard for industry appeal given its fame, human capital, and the economic and philanthropic stimulus it brings,” Boyd said. “We’re looking at the headquarters, which is the rest of the restructuring pie. Most companies have already relocated their manufacturing assets and outsourced other back office and customer service capabilities.”
Office space is currently valuable in southwestern Florida, but it may not be too difficult for a wandering company.
“Headquarters relocations are increasing, but smaller in terms of real estate requirements,” said Boyd, who reduced the average area per worker to 300 square feet on some projects. Says. Feet. “Currently, remote work is well done and the need for work space is reduced, so offices will continue to shrink.”