Chicago-based Contractors Access Equipment recently spent $825,000 to enter the Orlando market, buying 2.4 acres with plans still in the works for new construction or renovation of two 52-year-old buildings on the site.
Located at 1610 N. Goldenrod Road (S.R. 55) in unincorporated Orange County, the company bought the land on May 9, according to a deed recorded May 15. The seller was Summerfield Properties Inc., an affiliate of Orlando Steel Enterprises.
Contract Access Equipment is planning on occupying the property soon, said Bob Fox, vice president and manager of the scaffolding company's Tampa branch. But no decisions have been made on whether the company will continue to use an office building and warehouse on the site, both built in 1964, or build new ones.
"We are moving in over there, we will be setting up a yard at that location," he told GrowthSpotter on Thursday. "But the specifics have not been finalized. We still need to figure out some personnel issues and logistics before we figure out our final plan."
A timeline for investments and hiring also are undecided, he added.
Founded in 2001, Contractors Access Equipment markets itself as the consummate scaffolding renter and installer. Among the services and products offered are "dance floor" and "false floor" scaffolds; trash and debris chutes; debris netting and winter enclosures; and temporary stairs.
In addition to Tampa and Chicago, the company has offices in Miami; Memphis; Jackson, Mississippi; Dallas and Austin; Nashville and Birmingham.
Orlando Steel Enterprises, led by president and CEO Mark Wolsefer, previously bought the property on Goldenrod in December 2007 for $1.075 million. The company also has an operation in Summerfield, an unincorporated community in Marion County.
Pat Goetz, vice president of BishopBeale, represented Orlando Steel Enterprises in the sale. Goetz said Wolsefer plans to open another distributorship in the Orlando area at some point.
"He just basically wants me to find him another location," Goetz said. "He'll still do business here, he just won't have a facility here for now. He didn't need that frontage. He didn't need that expensive a piece of property."
Orlando Steel Enterprises is a fencing, steel and metal building wholesaler. The company distributes vinyl fencing, vinyl and gorilla decking, tubular metal products, metal buildings, canopies, chain link fencing and ornamental steel fencing products, according to its website. Its customers include prisons, airports, high-security areas and government installations.