Portfolio
VERDEX CONSTRUCTION AND INDEX INVESTMENT GROUP BUY WEST PALM BEACH OFFICE FOR $13.4 MILLION
WEST PALM BEACH, FL. (November 29th, 2021) – Verdex Construction and Index Investment Group formed District Pointe LLC, a joint venture to purchase a 65,760 square foot office building in West Palm Beach for $13.4 million. Located at 1501 Belvedere Road in West Palm Beach, the property has operated as a single-tenant user since its construction in 1983 and has been occupied by its former owner Rinker/CEMEX.
The building will be rebranded as District Pointe and completely renovated into a state-of-the-art, modern office hub for large-scale office tenants and the new U.S. headquarters for Verdex Construction. The name was derived from its position as the gateway location between the revitalized West Palm Beach Warehouse District and the Palm Beach International Airport. The property was purchased off-market with the help of the team at Colliers with Executive Managing Director Mark M. Rubin and Director Bastian Laggerbauer, the closing was handled by John Renaldo of Jupiter Inlet Title.
“This strategic investment into West Palm Beach provides the new headquarters for Verdex and space for multiple Class A office tenants while opening up to the possibility of developing multifamily residential on the excess land. We are very excited about this opportunity.” said Bjarne Borg, Chairman and CEO of Index Investment Group.
“We are thrilled about the continued growth of our company in this phenomenal location with proximity to the Palm Beach International Airport and direct access to I-95 and the West Palm Beach area. We look forward to further revitalizing the area and building the community” said Rex Kirby, Chief Executive Officer and founder of Verdex.
About Index Investment Group
Index Investment Group is a privately held company with its North American Headquarters located in Jupiter FL, founded in Sweden by Bjarne Borg and Fredrik Alama in 1998. The company has made numerous significant investments in multifamily rental communities, senior living as well as industrial/logistics facilities along the East Coast of the United States. The Jupiter-based real estate investment company has ongoing and completed 33 developments in the U.S. with over 8,400 units and over 6.8 million square feet of commercial space across Sweden and the U.S.
About Verdex Construction
Verdex Construction was founded by Rex B. Kirby, Jr. a 40-year veteran of the construction industry. In just seven years, Verdex Construction has earned numerous awards and prestigious industry recognition, including the #9 spot on the South Florida Business Journal’s Top Contractors List. Verdex Construction’s recent projects include Canopy by Hilton West Palm Beach Downtown; 1000 North, an upscale restaurant/club on the Loxahatchee River in Jupiter; Town Lantana Apartments in Lantana and Westshore Apartments in Tampa.
VERDEX CONSTRUCTION STARTS WORK ON AZALEA APARTMENT COMMUNITY IN TAMPA
West Palm Beach-based Verdex Construction announces the start of construction on Azalea, a multifamily rental community at 8240 Causeway Boulevard in Tampa. The project consists of 289-apartments and four single-story garages for client Zom Living. The project was designed by architect LRK. Completion is expected in the fall of 2023.
Azalea will feature 1-, 2- and 3-bedroom units across seven three- and four-story buildings with a total square footage of 279,732 on a 13.3-acre site. Amenities include a 2,500 sq. ft. clubhouse with meeting rooms and a work from home lounge, dog park, pool, pavilion, and grill deck. The project includes improvements to surrounding streets that will add sidewalks and turn lanes.
“This is one of three recent project starts for us in the Tampa/St. Petersburg/Sarasota market that follow our completion of the WestShore Apartments, solidifying our expansion into the area,” said Verdex Construction President Rex Kirby. “We’ve also moved to a larger office to support our increased efforts and to address construction needs across the Tampa Bay region.”
Verdex Construction’s recent projects include Westshore Apartments in Tampa, The Royal Palm Beach Village Hall, Canopy by Hilton West Palm Beach Downtown; 1000 North, an upscale restaurant/club on the Loxahatchee River in Jupiter; and Town Lantana Apartments in Lantana.
Since its launch just over seven years ago, Verdex Construction has earned numerous awards and prestigious industry recognition, including being selected as a finalist for 2020 Business of the Year by the South Florida Business Journal, finalist for 2020 Business of the Year by the Chamber of Commerce of the Palm Beaches, and being selected as a GrowFL “Company to Watch”.
VERDEX CONSTRUCTION BEGINS WORK ON SOUTH MARTIN INDUSTRIAL PARK
Verdex Construction has started work on South Martin Industrial Park, a new warehouse facility at the intersection of SW Kanner Hwy. and Florida’s Turnpike in Martin County, FL.
The project includes nine warehouse buildings totaling 96,207 sq. ft. The site will also include a free-standing consumer self-storage facility. The developer is NNA Kansas West, and the project was designed by Jupiter-based Morel De Guiramond Architecture with planning by Cotleur and Hearing.
“Despite the current challenges of acquiring construction materials, we went to extreme lengths to lock in pricing and inventory to assure the client would meet their budget,” said Verdex President Rex Kirby. “In this environment, it’s imperative to go the extra mile for our clients. This is what we mean when we say we’re ‘Building Something Better’ at Verdex.”
The nine warehouses consist of three tilt-wall and six concrete block buildings with 40 total bays on an 11-acre site. Construction started on June 1 and estimated completion is April 2022.
Verdex Construction’s recent projects throughout South Florida include the Canopy by Hilton West Palm Beach Downtown; 1000 North, an upscale restaurant/club on the Loxahatchee River in Jupiter; and Town Lantana Apartments in Lantana.
In just over five years, Verdex has earned numerous awards and prestigious industry recognition, including being selected as a finalist for 2020 Business of the Year by the South Florida Business Journal, finalist for 2020 Business of the Year by the Chamber of Commerce of the Palm Beaches, and being selected as a GrowFL “Company to Watch”.
About Verdex Construction
Verdex Construction is a privately held building contractor based in West Palm Beach, FL, led by founder and President Rex Kirby, a 35-year veteran in the construction business. Verdex provides general contracting services to clients including preconstruction, construction management, and design-build. Verdex is committed to “Building Something Better” through exceptional service, a fundamental focus on safety and quality, and value to owners, customers and the community. For more information, visit www.verdex.com
VERDEX CONSTRUCTION BEGINS WORK ON POMPANO BEACH SENIOR ACTIVITY CENTER
Verdex Construction has broken ground on the Pompano Beach Senior Activity Center located at 2005 NW 9th St., Pompano Beach. This project for the City of Pompano Beach consists of a one-story, 8,500 sq. ft. facility with indoor and outdoor amenities. The architect is Bermello Ajamil & Partners of Miami. Verdex hired more than 40-percent of its subcontractors and vendors from Pompano Beach, fulfilling a promise to the City that a significant portion of the work would be executed by local firms.
The interior will include multiple activity rooms, a fitness center, a spacious lobby and lounge area, a prep kitchen for catered events and office space with special anti-microbial HVAC coatings for top air quality and cleanliness. There will also be an outdoor activity area. Construction is expected to be complete in approximately 10 months.
“This community has asked for a senior activity center for many years so we look forward to providing them with a modern, long-lasting gathering space to enjoy,” said Verdex Construction president Rex Kirby. “We are also proud to have achieved a 40-plus-percent local subcontractor participation for this project which ensures a good portion of the work remains with Pompano Beach based businesses.”
Verdex Construction’s recent projects throughout South Florida include the Canopy by Hilton West Palm Beach Downtown; 1000 North, an upscale restaurant/club on the Loxahatchee River in Jupiter; and Town Lantana Apartments in Lantana. Verdex also has projects underway in both Tampa and Gainesville.
In just over six years, Verdex has earned numerous awards and prestigious industry recognition, including being selected as a finalist for 2020 Business of the Year by the South Florida Business Journal, finalist for 2020 Business of the Year by the Chamber of Commerce of the Palm Beaches, Builder of the Year by the AIA Palm Beach, and being selected as a GrowFL “Company to Watch”.
About Verdex Construction
Verdex Construction is a privately held building contractor based in West Palm Beach, FL, led by founder and President Rex Kirby, a 35-year veteran in the construction business. Verdex provides general contracting services to clients including preconstruction, construction management, and design-build. Verdex is committed to “Building Something Better” through exceptional service, a fundamental focus on safety and quality, and value to owners, customers and the community. For more information, visit www.verdex.com
VERDEX CONSTRUCTION BEGINS WORK ON DEER CREEK SENIOR HOUSING APARTMENT COMMUNITY IN GAINESVILLE
Verdex Construction has broken ground on Deer Creek Senior Housing, an age-restricted affordable housing project in Gainesville to be built by Deer Creek Senior Housing LLLP, a partnership of Neighborhood Housing and Development Corporation of Gainesville and Rural Neighborhoods of Florida City. The project was designed by Hoffman & Facundo Architects of LaBelle, FL and Fetner Engineering of Hawthorne, FL. Completion is expected in spring 2022.
Located at 2166 NW 55th St., Deer Creek consists of five stories with 62 units totaling 67,000 sq. ft. Amenities include a multipurpose entertainment room, game and craft room, fitness center, meeting rooms, computer room and an outside picnic area.
“This is our first project in the Gainesville area following the 2020 launch of our North Florida office, headed by construction industry veteran Joey Mandese,” said Verdex President Rex Kirby. “We look forward to meeting the needs of the growing North Florida economy.”
The project will be built using cast-in-place concrete with precast hollowcore slabs, CMU and metal stud interior partitions, a modern stucco exterior style with exposed structure and rooftop solar panels on a three-acre site. There will also be a walkway path to the neighboring Gainesville Senior Recreation Center.
Verdex Construction’s recent projects throughout Florida include the Canopy by Hilton West Palm Beach Downtown; The Pointe on West Shore Apartments in Tampa, 1000 North, an upscale restaurant/club on the Loxahatchee River in Jupiter; and Town Lantana Apartments in Lantana.
In just over five years, Verdex has earned numerous awards and prestigious industry recognition, including being a 2020 Gator 100 Honoree (fastest growing University of Florida Gator graduate-led companies in the world), being selected as a finalist for 2020 Business of the Year by the South Florida Business Journal, finalist for 2020 Business of the Year by the Chamber of Commerce of the Palm Beaches, Builder of the Year by the AIA Palm Beach, and being selected as a GrowFL “Company to Watch”.
About Verdex Construction
Verdex Construction is a privately held building contractor based in West Palm Beach, FL, led by founder and President Rex Kirby, a 35-year veteran in the construction business. Verdex provides general contracting services to clients including preconstruction, construction management, and design-build. Verdex is committed to “Building Something Better” through exceptional service, a fundamental focus on safety and quality, and value to owners, customers and the community. For more information, visit www.verdex.com
VERDEX CONSTRUCTION NAMES INDUSTRY VETERAN DAN LAWRENCE AS BUSINESS DEVELOPMENT MANAGER IN TAMPA
West Palm Beach-based Verdex Construction has appointed Daniel Lawrence as Business Development Manager in Tampa, FL. Lawrence will be responsible for identifying potential projects and clients as Verdex expands its current footprint as a general contractor and construction manager in the Tampa Bay region.
Lawrence has more than 20 years of experience leading and developing significant projects in Tampa and across the country as part of Caspers Company. Projects included rezoning and restoration of the historic redevelopment of the Stovall House in Tampa; development of The Library Restaurant located within Johns Hopkins All Children’s Hospital in St. Petersburg; and renovation of the landmark Alexander Brown Restaurant in downtown Baltimore, MD.
“Daniel knows the Tampa Bay area inside and out and has built deep relationships across the industry,” said Verdex Construction President Rex Kirby. “The Tampa market is primed for significant growth over the next few years and we can bring value and experience to developers looking to address those needs.”
Lawrence is a graduate of Saint Leo University with a Bachelor of Science Degree in Business Administration and Management. He is a resident of Tampa with his wife and daughter.
Verdex Construction is currently building The Pointe on Westshore multifamily apartment community at 4950 West Prescott Street in Tampa. Other recent projects include the Canopy by Hilton West Palm Beach Downtown; 1000 North, an upscale restaurant/club on the Loxahatchee River in Jupiter; and Town Lantana Apartments in Lantana, FL.
In just over five years, Verdex has earned numerous awards and prestigious industry recognition, including being selected as a finalist for 2020 Business of the Year by the South Florida Business Journal, finalist for 2020 Business of the Year by the Chamber of Commerce of the Palm Beaches, as well as being selected as a GrowFL “Company to Watch.”
VERDEX CONSTRUCTION BEGINS PARK VIEW AT PALMETTO BAY
West Palm Beach-based Verdex Construction was selected by Atlantic Realty Partners to build Park View at Palmetto Bay, a 235-unit multifamily apartment community at 9500 SW 174th St. in Palmetto Bay, FL. Construction is underway with completion expected in May 2022. The project was designed by MSA Architects of Miami.
The five-story community consists of studio, one-, two-, and three-bedroom apartments totaling 431,000 sq. ft. on a 3.65-acre site. The apartments will wrap around a five-story, 371-space parking deck that will allow residents easy access to their units. Amenities include a pool, barbecue area, dog spa, fitness club, and clubroom. Parkview will also contain 1,380 sq. ft. of retail space that will serve local residents and visitors.
“As with our recent Canopy Hotel and Watermark Senior Living projects in Downtown West Palm Beach, this project will be built on a very tight site requiring infill expertise, detailed traffic coordination and local neighborhood communication,” said Rex Kirby, President of Verdex Construction. “This is our second project for Atlantic Realty, and our second in Miami-Dade County as we continue to expand our operations across Florida.”
Verdex Construction’s recent projects throughout South Florida include the Canopy by Hilton West Palm Beach Downtown; 1000 North, an upscale restaurant/club on the Loxahatchee River in Jupiter; and Town Lantana Apartments in Lantana.
In just over five years, Verdex has earned numerous awards and prestigious industry recognition, including being selected as a finalist for 2020 Business of the Year by the South Florida Business Journal, finalist for 2020 Business of the Year by the Chamber of Commerce of the Palm Beaches, and being selected as a GrowFL “Company to Watch”.
About Verdex Construction
Verdex Construction is a privately held building contractor based in West Palm Beach, FL, led by founder and President Rex Kirby, a 40-year veteran in the construction business. Verdex provides general contracting services to clients including preconstruction, construction management, and design-build. Verdex is committed to “Building Something Better” through exceptional service, a fundamental focus on safety and quality, and value to owners, customers and the community. For more information, visit www.verdex.com
‘BUILDING SOMETHING BETTER’ EMBRACED BY VERDEX VOLUNTEER TEAM AS THEY PAINT FENCES TO SUPPORT NON-PROFIT, HOMESAFE
Team members from West Palm Beach-based Verdex Construction volunteered their time on Saturday, Sept. 19 to paint the interior and exterior of a 1,000 foot-long barrier wall at the new campus of HomeSafe, a Palm Beach County non-profit which provides housing and essential services for victims of child abuse and domestic violence. The new campus is located in West Palm Beach and construction is expected to be completed in early 2021.
Verdex was selected by HomeSafe to build the new campus, and its goal with the volunteer efforts is to help the non-profit reduce construction costs wherever possible so those funds can be used to support its residents. Verdex was also able to arrange the donation of paint, supplies, and manpower, provided by Jasper Painting, Sherwin-Williams, Ram Tool Construction Supply Company, and Labor For Hire/Kleaning Krew.
The new HomeSafe campus will consist of two buildings: one will add 12 new residential units with a kitchen, dining, and game rooms; the second will serve as a multi-purpose facility with an exercise room, community room, music room, computer room, and space for HomeSafe offices and administration. The 3.2 acre site will also include a basketball court, gazebo, and other amenities.
About Verdex Construction
Verdex Construction is a privately held building contractor based in West Palm Beach, FL, led by founder and President Rex Kirby, a 35-year veteran in the construction business. Verdex provides general contracting services to clients including preconstruction, construction management, and design-build. Verdex is committed to “Building Something Better” through exceptional service, a fundamental focus on safety and quality, and value to owners, customers and the community. For more information, visit www.verdex.com
VERDEX CONSTRUCTION BREAKS GROUND ON SOVANA SENIOR LIVING PROJECT IN STUART
West Palm Beach-based Verdex Construction has started construction on The Sovana at Stuart, a 55+ resort-style rental community in Stuart, Florida. Developed by United Group of Companies, The Sovana at Stuart consists of 182 one- and two-bedroom apartments in three- and four-story buildings, plus a stand-alone, 15,000 sq. ft. clubhouse at 1950 Northwest Federal Highway.
Clubhouse amenities include a resort-style pool, living room with fireplace, commercial kitchen, game room, arts and crafts room, media center, fitness center and yoga studio, and on-site private salon and spa. The clubhouse also includes a pickleball court, bocce ball court and dog park, with the whole project surrounded by a nature preserve with walking trails.
“This community will help address this need for additional 55+ active living housing in Florida, and for Verdex, helps add to our portfolio in the senior living sector,” said Verdex Construction President Rex Kirby. “It’s also our first project for developer The United Group and we look forward to showing another client how we live up to our brand promise of “Building Something Better.”
About Verdex Construction
Verdex Construction is a privately held building contractor based in West Palm Beach, FL, led by founder and President Rex Kirby, a 35-year veteran in the construction business. Verdex provides general contracting services to clients including preconstruction, construction management, and design-build. Verdex is committed to “Building Something Better” through exceptional service, a fundamental focus on safety and quality, and value to owners, customers and the community. For more information, visit www.verdex.com