RMC Property Management says that in tough times self-investment is a prudent way to go.
That's why the company, which handles shopping centers and offices throughout the Tampa Bay region, decided to invest in itself, moving from its 7,000-square-foot space at 1733 W. Fletcher Ave. to a 20,000-square-foot location at 8902 North Dale Mabry Hwy.
According to RMC
CEO Mitchell Rice, the investment in the two-story building involved a lot of buildout, which was handled by Prodigy Construction
over 75 days. "It involved total demolition and reconstruction. We had to gut the second floor, and then on the first floor, we remodeled all of the common areas and bathrooms and the building's exterior with new doors. We took an old and tired building and made it fresh and new."
Rice says that while RMC is claiming the entire upstairs space for its headquarters operations, The remaining 10,000-square-foot first-floor space is open to tenants. Right now People's Choice Realty and Accredited Underwriters are leasing space there, but there is approximately 4,500 square feet still available for an additional tenant. "We fully intend to spread into the balance of the building," says Rice.
Rice is optimistic about his industry. "I think that we're coming off an absolutely horrific time and that things are improving, but slowly. I think we are cautiously optimistic. There are opportunities -- businesses expanding, retailers re-establishing expansion plans.
"When things are going good, you can afford to be careless, but when things are not, you need to be more sharp and look inward."
Writer: Missy Kavanaugh
Source: Mitchell Rice, RMC Property Group