Rosenfeld Realty Advisors: South Florida Economy Boom continues Another HQ Moving to South Florida

Strengthening South Florida Commercial Real Estate Market, new Corporate HQ move to South Florida

This time it is Stemtech International coming to Pembroke Pines from San Clemente California, and bringing 90 jobs along with it. While not detailed, you can only imagine the tax savings the company must have realized with the move. It is exactly the kind of company we want here, health care and technology (they are a stem cell nutrition company in the Business Journals and nutritional supplements in the Sun Sentinel). What they do exactly is develop products from an unnamed freshwater plant which results in supporting the release of adult stem cells from bone marrow. The company was started in 2005 and last year made Inc. Magazine’s list of the 5,000 fastest growing companies in America. So clearly they are growing, and the future looks bright. The company has global growth aspirations and one of the reasons the moved here was to be able to attract “the very highest quality employees moving forward,” said Ray Carter Jr, the President and CEO. The mayor of Pembroke Pines acknowledged that landing Stemtech was part of “our commitment to support new and expanding target business enterprises with high value jobs and capital investment.”

You really have to congratulate them on this jobs victory, and really on their City in general. My cousins live there and I have seen the evolution of Pembroke Pines since I got here in 2001. The growth of the City has been nothing short of amazing, with every major retailer and chain restaurant claiming a location there. It remains one of the most sought after locations for retailers in South Florida and the City seems to have managed the growth seamlessly. West Boca Raton could certainly learn and apply some of these lessons to their growth going forward, among other cities I am sure. One of the things that makes PP so attractive is the easy access to I-75, which leads you to all roads. It really completes the picture, allowing its residents easy commutes to either Dade or Palm Beach Counties. I would consider it for a future place to live but it is missing the one thing I am looking for which is the walkability factor. It might be the only thing missing from Pembroke Pines these days. As always thanks for reading and have a great day.

Stem cell nutrition company relocates to Broward County, brings 90 jobs

http://www.bizjournals.com/southflorida/news/2014/03/17/stem-cell-nutrition-company-relocates-to-broward.html