By Mike S Payton, Contributing Reporter
DELRAY BEACH, FLORIDA – It was announced earlier this week that International Materials, Inc. (“IMI”), one of the leading independent bulk raw material trading companies in the world, is moving from their Boca Raton space to establish their corporate headquarters in the Offices at 4th & 5th Delray.
A press release stated that 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 of 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.”
IMI signed a 20,052-square-foot lease to occupy nearly two-thirds of the mixed-use building’s third-floor Class A office space at 25 SE 4th Ave. The office space features a spacious 8,600-square-foot terrace with city and ocean views, an onsite iPic theater, and a restaurant.
“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.
Stephanie Immelman, President and CEO, Greater Delray Beach Chamber of Commerce said, “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.”
According to Ingrid Kennemer, Owner of Coastal Commercial Group, IMI wanted a Class A office in a location that offered surrounding urban lifestyle amenities. “They have enjoyed being able to go downstairs in Mizner Park and have a variety of restaurant choices in a great park like, mixed-use setting, she explained.
Adding, “Delray Beach has the lifestyle but historically has not had large Class A office space in the downtown. This new building brought both together for them back in their hometown therefore the decision to come back to Delray was easy.”
IMI, founded in 1987, is privately owned and 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.
IMI says they currently supply physical raw materials to over sixty countries worldwide through its South Florida headquarters and principal overseas offices in Madrid, Singapore, Dubai, Shanghai, Bogota, Melbourne, and Hanoi.
* This article was updated on June 29th to include more details on how IMI selected the space in Delray Beach.