Magnolia Press, a homegrown print shop doing business in Seminole County since 1973, has outgrown its Longwood operation and plans to build a new main office in Sanford.
At 21,000 square feet, the new building will be more than twice as large as the company's current 8,000-square-foot print shop at 440 Lake Bennett Court in Longwood.
The new building will be located at 104 Loren Court in Phase 2 of the Sanford Central Park industrial development, east of Central Park Drive and north of St. Johns Parkway.
Construction should commence in early July and be completed in mid-January, according to documents filed last week with the St. Johns River Water Management District. Co-owner Michael Hargon told GrowthSpotter on Tuesday he is in negotiations with a general contractor and architect, but declined to share names.
The family-owned business has enjoyed explosive growth in recent years and is busting out of its 33-year-old Longwood shop, Hargon said. The company has no room for upgraded machinery or additional power in the building, and parking is at capacity.
"We're a service-first organization and that's what's driving our growth," Hargon said, adding that the company did not cut customer service personnel like many other print companies did during the Great Recession.
"We really pushed service more than anything else," he said. "So, our sales have grown by double digits for the last four or five years."
Hargon's father and mother, Patrick and Mary, bought 1.72 acres in Sanford Central Park for $375,000 in late December. The seller was Sander Enterprises LLC, an insulation, drywall and stucco contractor at 3900 St. Johns Parkway in Sanford.
Hargon said growth in Longwood has made vacant property scarce and pushed land prices up. The combination convinced the family to look elsewhere.
"Sanford is very pro-growth," he said. "They're encouraging people to put their businesses in the city and we feel like it's a good area for us. Plus, we have a lot of employees in Volusia County. Now they will be three (I-4) exits closer to work."
Hargon said the family has not decided whether they will keep the Longwood shop open. The building is in good condition and fully air conditioned, a rarity for print shops, he said.
"It was purposely built for a print company, the same as we're doing in Sanford," he said.