Bay Food Brokerage purchases Tampa office building for .3 million – Tampa Bay Business & Wealth

2024-08-15
Bay Food Brokerage purchases Tampa office building for .3 million – Tampa Bay Business & Wealth

Tampa-Based Food Broker Expands Headquarters, Poised for Growth

Bay Food Brokerage, a Tampa-based retail food brokerage company serving the Southeast, has recently acquired a new office building in the city's Westshore Business District for .3 million. The move nearly doubles the size of the company's existing headquarters, positioning it for continued growth and expansion.

Fueling the Future: Bay Food Brokerage's Strategic Relocation

Accommodating Rapid Growth

Bay Food Brokerage has been on a remarkable growth trajectory over the past decade, seeing significant increases in revenue and employee headcount. This rapid expansion has prompted the need for a more spacious and modern headquarters that can comfortably accommodate the company's current workforce and support its future growth plans.The new 11,975-square-foot, two-story property at 5201 W Laurel Street will provide Bay Food Brokerage with ample room to grow and thrive. The upgraded facilities, strategically located in the Westshore Business District, will offer the company and its employees a more comfortable and amenity-rich work environment, further enhancing the company's ability to attract and retain top talent.

Renovating for the Future

With the acquisition of the new building, Bay Food Brokerage is poised to embark on a comprehensive renovation project, transforming the space to meet its evolving needs. The planned renovations include cosmetic and floorplan updates, such as interior and exterior painting, new flooring, and the addition of more office spaces.The company's executive team, led by Executive Vice President Chris Chatterton and President and CEO Cammie Chatterton, are thrilled to be collaborating with Wehr Construction and David Judd's team on this exciting renovation project. The goal is to have the new headquarters fully operational and ready for a grand opening by the end of March 2025.

Consolidating Operations and Exploring Future Opportunities

Currently, Bay Food Brokerage owns three buildings totaling approximately 7,000 square feet on Memorial Highway in Tampa. After the successful relocation to the new property, the company plans to explore options for leasing or selling its existing office space, streamlining its operations and focusing on the expanded headquarters.In addition to the Tampa headquarters, Bay Food Brokerage also maintains an office location in Lake Wylie, South Carolina, further extending its reach and service capabilities across the Southeast region.The strategic acquisition and renovation of the new office building in Tampa's Westshore Business District underscore Bay Food Brokerage's commitment to growth, innovation, and providing exceptional service to its clients. As the company embarks on this new chapter, it is well-positioned to capitalize on the opportunities that lie ahead, continuing to build on its success and solidifying its position as a leading player in the retail food brokerage industry.

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