You are using an older browser version. Please use a supported version for the best MSN experience.

Security First celebrates its new HQ in Ormond Beach

The Daytona Beach News-Journal logo The Daytona Beach News-Journal 11/15/2019 By Clayton Park, The Daytona Beach News-Journal
a group of people standing in front of a building: People gather before the grand opening ceremony for the new headquarters for Security First Insurance at Ormond Crossings in Ormond Beach on Thursday, Nov. 14, 2019. The event drew more than 1,000 people. [News-Journal/Clayton Park] © News-Journal/Clayton Park/The Daytona Beach News-Journal/TNS People gather before the grand opening ceremony for the new headquarters for Security First Insurance at Ormond Crossings in Ormond Beach on Thursday, Nov. 14, 2019. The event drew more than 1,000 people. [News-Journal/Clayton Park]

ORMOND BEACH — Despite the threat of rain, more than 1,000 people turned out to celebrate the grand opening of the new headquarters for Security First Insurance late Thursday afternoon.

The four-story, 136,000-square-foot building at Ormond Crossings, along the east side of Interstate 95, is more than five times the size of Security First's previous beachside headquarters.

Built at a total cost of $40 million, the building allows the growing insurance company to consolidate its work force, which now numbers 420 employees, in a single location for the first time in years.

"It's great to be under one roof," said Locke Burt, who founded Security First in 2005. The company specializes in providing homeowners insurance in Florida. Today, it insures an estimated 350,000 homes, the second-most of any private insurer in the state.

The company considered a number of potential relocation sites before agreeing in 2017 to buy the 48 acres where its new headquarters now stands from DeLand's Ford family, owners of the sprawling 6,000-acre Ormond Crossings development area just south of U.S. 1, on both sides of I-95.

Juan Diego et al. standing in front of a crowd posing for the camera: Melissa Burt Devriese, chief administrative officer and general counsel for Security First Insurance, and her father, Locke Burt, CEO, cut the ribbon to celebrate the grand opening of company's new headquarters at Ormond Crossings in Ormond Beach on Thursday, Nov. 14, 2019. The 4-story, 136,000-square-foot building allows Security First to consolidate its 420 employees under the same roof for the first time in years. [News-Journal/Clayton Park] © News-Journal/Clayton Park/The Daytona Beach News-Journal/TNS Melissa Burt Devriese, chief administrative officer and general counsel for Security First Insurance, and her father, Locke Burt, CEO, cut the ribbon to celebrate the grand opening of company's new headquarters at Ormond Crossings in Ormond Beach on Thursday, Nov. 14, 2019. The 4-story, 136,000-square-foot building allows Security First to consolidate its 420 employees under the same roof for the first time in years. [News-Journal/Clayton Park]

Security First's headquarters is the first building to be built on the long-proposed mixed-use development, which has entitlements to eventually bring thousands of new homes and 4.5 million square feet of commercial development to north Ormond Beach.

City officials have hailed Ormond Crossings as the "future of Ormond Beach" because it has the most available land for growth.

"We just couldn't be happier to be here and to remain in Ormond Beach, which is where the family has been since 1958, and where we want to stay," Burt told the cheering crowd while standing under the large wing-shaped awning over the new headquarters' front entrance. "I think that this can be a big anchor for the community and for the development of this area in Ormond Beach."

Ormond Beach City Manager Joyce Shanahan agreed.

"This is a great impetus for things on U.S. 1," she said. "We're looking for more great things to come."

The company stands to receive $1.5 million in economic incentives from the state, Volusia County and the city for making good on its capital investment as well as its pledge to create at least 165 new-to-Florida jobs paying an average of $68,000 a year in salary and benefits by February 2022.

Burt told the crowd, "Since we made that commitment, we've hired 200 employees at an average (annual) salary and benefits of $73,000, so we've substantially exceeded our commitment."

Melissa Burt DeVriese, Security First's chief administrative officer and general counsel, said 20 more new employees are set to start in December, and that the company expects to soon fill an additional 10 open positions.

Security First paid $38.3 million of the project's total cost, with the Ford family contributing $1.7 million for road and other infrastructure improvements, said Burt.

READ MORE: Spurned bid proves 'blessing in disguise' for Security First Insurance

———

©2019 The News-Journal, Daytona Beach, Fla.

Visit The News-Journal, Daytona Beach, Fla. at www.news-journalonline.com

Distributed by Tribune Content Agency, LLC.

AdChoices
AdChoices

More From The Daytona Beach News-Journal

The Daytona Beach News-Journal
The Daytona Beach News-Journal
image beaconimage beaconimage beacon