It will be the second phase of the 5.36-acre project at 12770 Flagler Center Blvd.
Jacksonville-based GEM Products makes stainless steel marine and hardware supplies for boat and yacht builders.
“COVID-19 has resulted in a booming boating industry. The industry is effectively sold out of product beyond the 12-month mark,” said President and CEO Matthew Bridgewater.
“The demand is at a much higher rate than anyone could have ever predicted. People are buying boats to escape, liking the experience, and then buying bigger boats.”
GEM Products invested about $9.5 million in the first phase, based on the costs of the land and construction, but that doesn’t count the build-out, furnishings, fixtures and equipment.