A telecommunications company is doubling the size of its West Palm Beach sales office — and it plans to double its workforce there, too.
Granite Telecommunications’ jobs in West Palm Beach pay an average of $80,000 a year — or more. “These are good jobs. I have some people making $1 million-plus a year,” said Greg Giambalvo, regional vice president in West Palm Beach.
Granite Telecommunications is a Quincy, Mass.,-based telecommunications company. It provides telephone and data services, plus equipment, to business customers of all sizes, including Fortune 100 companies.
In 2013, Granite moved into 7,500 square feet of space at the Reflections twin-building office complex, at 400 and 450 Australian Avenue. The company moved with nine people, thinking there would be plenty of room for the company’s growth, said George Meegan, facility director at the company’s headquarters in Quincy.
Granite officials were wrong. “We are out of space, I kid you not. We have cubicles in the conference room now,” Giambalvo said.
So Granite just inked a deal to lease 15,000-square-feet of space on two floors in the 400 building, said Peter Reed, managing principal of Commercial Florida Realty Services in Boca Raton. Reed handles leasing for Reflections.
The company has 57 employees working in West Palm Beach now but expects to double that number by year-end. Giambalvo said employees come from “all over. … We’re a very sought-after company.”
Giambalvo said the company looked around downtown West Palm Beach to buy a building but had no luck, losing out on one building to a particularly active buyer from Palm Beach named Jeff Greene.
Space in other buildings was too expensive, Giambalvo added: “Because there’s not a huge supply (of office space) downtown, some of the prices were off the charts.”
Reed agreed. “Space is filling up in West Palm Beach,” he said. As the central business downtown has filled up, companies are looking slightly west of the downtown for space, and that’s boosted interest in the Australian Avenue corridor, Reed added.
Although Granite could have looked elsewhere in the county, Giambalvo said West Palm Beach was the preference. The is a midway point for employees. While some employees work in Palm Beach County, others work in Broward or Martin counties, Giambalvo said.
In addition, “The (Tri-Rail) train station is right next door, and you can immediately get on and off of (Interstate) 95,” Giambalvo added. “It’s the convenience factor.”
Alexandra Clough writes about the economy, real estate and the law.