Osprey Real Estate Services is pleased to welcome Intertape Polymer Corp. as the newest tenant to Osprey’s portfolio. Intertape Polymer Corp. (TSX: ITP) has leased 28,490 rentable square feet at Osprey Commerce Center, 100 Paramount Drive (formerly known as Arthur Andersen Parkway), Sarasota.
Intertape Polymer Group Inc. (IPG®) was established in 1981 and is an acknowledged leader in the packaging industry. It manufactures a broad range of packaging products and systems that reflect the needs of both its industrial and retail customers. These include one of the largest offerings of adhesive tapes available. For the past 16 years, IPG’s executive headquarters were in Bradenton, FL. The Company is now relocating its executive headquarters to Sarasota, FL.
“We have outgrown our existing facility in Bradenton and the new location in Sarasota is optimal as it relates to location along the I-75 corridor and caliber of building“ said Greg Yull, CEO of Intertape Polymer.
Osprey Commerce Center reflects the image that IPG® is seeking for its U.S. executive headquarters. The complete third floor space will be updated to take full advantage of the natural light and lake views. Osprey Construction & Development is handling the build-out. Occupancy is scheduled for August of 2013.
IPG® employs approximately 1,800 employees with operations in 16 locations, including 10 manufacturing facilities in North America and one in Europe.
“We are proud to have IPG expand their US Corporate Headquarters in Sarasota County” stated Mr. Mark Huey, President and CEO of the Sarasota Economic Development Corporation. “We worked closely with the Bradenton Area Economic Development Corp. to retain IPG in our region and feel collaborations like this will continue to strengthen both of our communities. The IPG commitment affirms our area’s outstanding workforce, business climate and quality of life assets”.
Lori Hellstrom with Osprey Real Estate Services represents the Landlord in all lease transactions for Osprey Commerce Center.