Company remodeling building it bought in Baymeadows for $1.56 million.
Magellan Transport Logistics Inc. added 20 employees since January toward the 100 workers it intends to add over the next three years.
Jacksonville-based Magellan now has 75 employees.
As it grows, it is relocating to the building it bought in Baymeadows.
Camelot Logistics Solutions LLC, led by Tom and Patty Piatak, bought the three-story, 47,000-square-foot property at 8505 Baycenter Road in January for almost $1.56 million.
Camelot is the real estate holding company that bought the building for its operating company, Magellan Transport Logistics.
CEO Tom Piatak said Magellan is remodeling 28,000 square feet of space and plans to move there in October.
Magellan will take the first floor of the office building and the adjacent single-story structure comprising office, data center and warehouse space.
It’s a significant expansion for the company, which now occupies about 6,500 square feet at 2511 St. Johns Bluff Road, No. 107, in Southside.
Magellan is a Service-Disabled Veteran-Owned Small Business designated by the U.S. Small Business Administration. Piatak is a 1987 graduate of the U.S. Military Academy at West Point and served five years in the Army Corps of Engineers, deployed in the Gulf War.
Magellan offers comprehensive transportation services, including truckload, less-than-truckload, intermodal and other services. Its divisions comprise education, food and beverage, government, manufacturing and retail.
It is adding account management, sales, finance and accounting and some general management positions.
Piatak said Magellan’s growth strategy is to diversify services, target specific industries that are more prone to need and use its services, and create a corporate culture that enables all employees to be an entrepreneur “and create value for themselves and the company.”
Piatak launched Magellan as part of a private equity investment with Allied Capital and then bought the company in 2009.
He anticipates sales of about $100 million this year, up 80 percent over the year.