17 Jul Flores Adds to Their Presence in Southend with ODA
2013.10.11 – View 3
Flores & Associates, a national administrator of reimbursement plans, is constructing a 7,000-square-foot multipurpose building next door to its headquarters in Charlotte’s South End, and the new building is scheduled to be complete by the end of August.
The facility at the corner of South Church and West Palmer streets will include a gym and basketball court for employees as well as space for Flores & Associates to hold company meetings or host clients. The meeting space will seat 100 to 125 people, saysMario Flores, president and founder of the company.
Flores bought the 0.18-acre parcel for the multipurpose building last year for $450,000. The company has a 2,000-square-foot gym on the first floor of its headquarters building at 1218 S. Church St. With construction of the new building, Flores is converting that into office space so the company can add employees. Those renovations are also on track to be complete next month.
“With the way we’re growing, we’re going to redo that whole first floor and be able to add about 15 new people down there,” he says.
Flores & Associates was founded in 1986. It is a third-party administrator that handles health-care reimbursement plans for about 750 companies throughout the U.S. The firm had its offices in uptown Charlotte until 2010, when it built its three-story, 21,000-square-foot building in South End. Since then, the company has doubled its head count to 40 employees from 20.
Flores says he wishes he owned additional land for expansion, but the company has the ability to add floors to both of the buildings in the future if it needs more space.
“South End has worked out perfectly for us,” he says. “We were a little bit of a pioneer when we built this. All of a sudden, we see a lot of stuff popping up all around us.”
Full article can be found at Charlotte Business Journal: http://www.bizjournals.com/charlotte/blog/real_estate/2014/07/flores-associates-constructing-multipurpose.html?ana=e_du_pub&s=article_du&ed=2014-07-16&u=nhDuY3b3EvqxnjLliRUAWA0af320f8&t=1405551758