Lighting and electrical supply manufacturer and retailer TAMCO's consolidation of operations into a new headquarters facility in Port St. Lucie, Florida, retained 210 jobs and created an additional 50 jobs for the South Florida community.
TAMCO, a division of City Electric Supply, broke ground on the 411,852-square-foot facility in September 2018, and construction was completed in 2020. Salt Lake City, Utah-based Bridge Investment Group secured TAMCO's presence and future expansion when it bought the facility, fully leased by TAMCO, in January 2023 for $39.2 million. For its economic impact, that deal won the distinction of sale/acquisition of the year for Port St. Lucie in CoStar's 2024 Impact Awards, as judged by real estate professionals familiar with the market.
TAMCO was being courted by other cities but opted to stay in Port St. Lucie, where the local government approved a tax abatement in exchange for a commitment to create 50 additional jobs within five years.
About the Project: TAMCO, a division of City Electric Supply, made a significant impact on the Port St. Lucie market by consolidating its local operations into a 411,000-square-foot headquarters at 11675 SW Tom Mackie Blvd., leased from Bridge Investment Group, which bought the facility in January 2023 for $39.2 million.
What the Judges Said: "By helping to maintain TAMCO in the Port St. Lucie area, it not only helped maintain jobs for people in the area; it will also open up more jobs in the area, which is crucial to Port St. Lucie," said Melanie Lundy, operations manager, Rich Properties. Elijah Wooten, economic development administrator, City of Port St. Lucie, said TAMCO was the catalyst for the Tradition Center for Commerce.
They Made it Happen: Cody Brais, senior director of capital markets, JLL; Jason DeWitt, managing director of corporate capital markets, JLL; Luis Castillo, managing director, JLL; Brian Shanfeld, executive vice president; JLL; Josh Katlin, associate, capital markets, JLL.