Park Ten Industrial Business Park Celebrates 34 Years in Delray Beach

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In today’s economy, it is unusual to find a business that has survived more than three decades—much less in the same location. But that’s just what the Park Ten Industrial Business Park can boast. Founded in 1979 by Joseph Carosella, Michael Bianchini, Donald Berlanti, and Richard Berlanti, the business has been in the family for four generations with three generations still actively participating in the business. According to Joseph Carosella, General Partner, “Maintaining a business for three decades is a challenging undertaking in any industry and it requires the ability to not only adjust to changes but also to customer needs.” Nichole Carosella, PPME, Property Manager and Broker for Carmel Real Estate & Management Inc. states, “We are proud to celebrate this milestone in our company’s history. It is a testament to our founders and the vision they set into motion more than 34 years ago that we’ve successfully built upon their strong foundation and heritage of leadership.” Park Ten has an impressive list of tenants, some of whom have been with them for decades. One of their tenants, Tamiami Tile, has been in the complex for 32 years. They started with 3,000 square feet and now have 15,000 square feet of space. Another tenant, Orkin, had a structure built for them and has been a tenant for 22 years. Helmet City, a national supplier of lightweight cycle headgear, has been in the Park for 10 years. Park Ten is not only home to established businesses but it is also an incubator for new businesses as well. Michael Bianchini, General Partner, commented, “I am very fortunate to be surrounded by such talented and dedicated employees without whom none of our growth would be possible. Our team has worked diligently to develop and maintain meaningful customer relationships that are truly the recipe for our success.” During the recession in 2007, Park Ten lost some of their tenants and they had the highest vacancy rate ever. But as a sign that the economy is beginning to change, the Park is now 98% occupied. “Calls come in daily and people stop in the onsite leasing office regularly to check availability in Park Ten,” says Ms. Carosella. “We have had to start a waiting list for businesses making requests for particular spaces they would be interested in for future tenancy.” Christina Morrison, P.A., CPM, Commercial Realtor with Carmel Real Estate & Management, Inc., the exclusive Broker for Park Ten states, “The Park contains nine buildings totaling more than 270,000 square feet—that’s more than 6 football fields. The buildings are built like bunkers—all concrete— even the roofs. It’s hard to believe that Park Ten is just one mile from Atlantic Avenue in Delray Beach and two miles from the beach.” About Park Ten Industrial Business Park Park Ten is ideally located in Delray Beach, Florida at I-95 and not far from the Florida Turnpike. The park is suitable for all manufacturing, distribution, showroom and warehouse needs. There are 9 buildings with units ranging from 2,400 square feet street level to 4,480 sq feet dock level. For more information visit www.carmelre.com or call 561-921-4188.