Staff Writer- Tampa Bay Business Journal
Oldsmar-based IC Mechanical Inc. and its affiliated companies are building new headquarters on the east side of Race Track Road in Hillsborough County.The 17-year-old design/build and mechanical contracting firm plans to build a 17,910-foot square office/warehouse space on just under two acres in Monroe Business Park, said Tom Szikszay, ICM president.
The project comes as ICM adds new business divisions and partnerships to meet anticipated growth and suit post-recession market conditions.The new divisions include Energy Efficient Solutions Inc., which does energy-related work that provides a return on investment to clients, and Alloy Fabricators Inc., a custom sheet metal service.These companies join ICM’s existing business lines IC Engineering Solutions and Ruark Construction & Engineering.
The new space also will include room for lighting manufacturer QSSI to show its products.
“All these companies working together are supporting each other,” Szikszay said. “I am trying to build something that is recession proof.”
He expects to break ground in July on the $1.9 million project (including $500,000 for land) and move into the new building during the first quarter of 2013.
Republic Bank is providing a construction loan in addition to Szikszay’s 28 percent equity share.
“The banks were asking why not go into an existing building,” Szikszay said.“My response was that I can’t get what I want in an existing building. The interest rates were low and I got a good deal on the land.”
Ruark Construction will handing construction management, but the job will require concrete, plumbing and other subcontractors.
Szikszay said he expects to add about 10 engineering and construction-related jobs over the next two years.The company currently has about 30 employees.The Tampa Hillsborough Economic Development Corp. introduced Szikszay to county planning and zoning officials to help smooth out the site development process.
While the project doesn’t appear eligible for incentives, its impact shouldn’t be underestimated, said Beatriz Bare, vice president of the EDC.
“Size really does not matter,” she said.
“It’s about jobs and expanding the tax base. This is the type of support business that helps attract larger businesses.”
She said that ICM’s work in the design, fabrication and installation of clean room environments should help to attract the type of life sciences businesses and industries targeted by the EDC.
ICM’s annual revenue exceeds $12 million, according to its website. Most of the work was focused on the pharmaceutical, manufacturing, food and beverage, and health care industries.