PORTAGE │ Development at AmeriPlex at the Port continues to grow following the groundbreaking Wednesday by Holladay Properties on a new 50,000-square-foot multi-tenant flex/industrial building.
Known as The Belmont, the facility will be home to Holladay Properties, Silvent North America and Falk PLI – three Portage-based companies that have outgrown their space.
More than 19,000 square feet of space is available for future tenants.
Tim Healy, Holladay Properties senior vice president, recalled the beginnings of the industrial park in 2000 when “there was just a trailer” on the property.
Now 228 of the about 400 acres have been developed by Holladay. The Belmont is the 21st building at AmeriPlex, which has had nearly $160 million worth of development and is home to 46 businesses and more than 2,000 employees.
“It was hard to envision we would have all this in place one day, and there’s more to come,” Healy said.
The Belmont was financed by American Savings Bank. Healy said since 2008 it’s been difficult to get a spec building constructed.
“That’s been the backbone here for a lot of our projects,” he said. “Most of what we have here has been built on spec and creating a space and environment for people to start their business and grow and expand.”
Falk PLI Engineering & Surveying plans add 34 new jobs as part of the project. The expansion will allow the company to expand engineering services to include the power generation industry.
"The success of innovative companies like Falk PLI is proof that Hoosier ingenuity, paired with a prosperous business climate, can foster dramatic growth," said Gov. Mike Pence in a statement issued Wednesday.
Falk PLI has 33 full-time employees in Indiana and has already started hiring engineers, technicians and administrative support staff.
Portage Mayor James Snyder said AmeriPlex has put Portage on the map “in a way I don’t think Portage could have ever imagined.” He said the industrial park has taken the city to the international doorstep, with not only American but worldwide companies expressing an interest in AmeriPlex sites.
“I’ve got a place in my heart here because I started my business here (First Financial Trust Mortgage),” Snyder said. “The one thing that sets AmeriPlex apart from everyone else is that they’re willing to take the risk and that risk has paid off. The city will always be a supporter.”
Construction of The Belmont is expected to be completed this fall.