Monday, October 3, 2011

Coldwell Banker James Sarles Realty Assists Local Expansion for Industrial Sector Growth

POISED FOR DEVELOPMENT – As City Services Ltd. gets ready to break ground on its new headquarters on Queen’s Highway, Port Authority officials are excited about signs of growth in the island’s industrial sector. Pictured (left to right): Cornelius Williams, Personnel Director; Pete Hughes, Executive Vice President; Ginger Moxey, Vice President-GBPA; Joseph O’Brien, Managing Director; and Charles Pratt, Manager of Development-GBPA.
By Deidre Rahming, GBPA, 10.2.2011 via The Bahamas Weekly

Freeport, Bahamas – General contractors, City Services Ltd. released their plans for further expansion within the island’s industrial centre with the purchase of over 5 acres of land from Freeport Commercial and Industrial Limited (FCIL) a subsidiary of the Port Group of Companies.

Through joint efforts of The Grand Bahama Port Authority, Limited (GBPA) and local brokers, Coldwell Banker James Sarles Realty, City Services was successful in acquiring two heavy industrial parcels of land to begin immediate construction of the company’s home office and heavy equipment maintenance facility complex.

Making an inspection of the site was GBPA’s Vice President, Ginger Moxey, accompanied by City Services’ management team. “This purchase illustrates your company’s confidence in the Grand Bahama economy,” she expressed. “It also demonstrates the effectiveness of the open-door policy of the Port promised by our President Ian Rolle in his mandate to encourage reinvestment.”

Joseph O’Brien, Managing Director, City Services Ltd. praised GBPA’s willingness to work along with its licensees to facilitate development. “We are extremely pleased with the efforts of the Port Authority and Sarles Realty for conducting this transaction expeditiously and as seamlessly as possible,” he stated.

“I want to say it’s been a pleasure working along with the Port Authority to consummate this sale,” added broker, James Sarles. “People from around the world are looking at Grand Bahama from an industrial perspective and its Sea Air Business Centre offers a sterile zone with a lot of opportunity.  With the success of the City Services’ acquisition, it leads me to believe and get excited that we can work with the Port to promote available inventory throughout the world by means of our Coldwell Banker commercial enterprise.”

He further described the acquisition as a “win-win for all”, sharing that he looks forward to working with the Port’s team on future projects. “This is just the start of many good things to come.  In these tough economic times, it’s important that we build the industrial sector,” Sarles stated. 

City Services Ltd. began service in 1997 as general contractors. A marine construction services division was established in 2008. Slated for completion by the end of the first or second quarter of 2012, the 29,000 square foot complex due to be constructed on Queen’s Highway, will house an excess of 25 staff members.

According to Mr. O’Brien, “our multi-million dollar expansion project shows we are bullish about Freeport’s future and dedicated to the community. Our company has built a strong reputation of reliable, on-time services in Grand Bahama and with the extension of our ever growing marine services, we like what we see for our company’s future on Grand Bahama.”

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