After moving to Ten Mile Crossing two years ago, Meridian company AmeriBen has outgrown its facility and is looking to expand.
AmeriBen, a third-party administrator of employer-sponsored health benefits, employs close to 850 employees, 500 of which work in the Ten Mile building. The company average close to 15% growth in revenue and personnel every year, said Carrie Hatch, AmeriBen president and CEO.
To make room for future employees, AmeriBen is expanding into a new facility next door in Ten Mile Crossing, a 75-acre complex on the northeast corner of Ten Mile Road and Interstate 84. Officials broke ground on the four-story, 120,000-square-foot building on Wednesday.
“AmeriBen is opening a new chapter,” Hatch said at the groundbreaking. “Today we’re super excited to break ground on the largest expansion in AmeriBen history.”
AmeriBen was the first tenant to move into Ten Mile Crossing, followed by Paylocity, Horrocks Engineers, and, more recently, Brighton Corporation, which is developing the site with Ball Ventures Ahlquist. Ten Mile Crossing now has five completed buildings, 17 announced tenants and more buildings on the way.
AmeriBen first moved to Meridian in 2003 from Boise, where it was located since its founding in 1958. Last fall, staff announced the company was shifting its management model to be employee-owned. That decision has been a vital part of the company’s success and has furthered the engagement of employees, Hatch said. AmeriBen’s core purpose is employee development, said Bryan Hall, general counsel for the company, which the company does by “investing in its people.”
Hatch said the new building is an opportunity for the company to grow. When AmeriBen staff first move into the building after it is completed in summer 2020, they will lease 60,000 square feet — or roughly half of the building — and over the following eight to 10 years, the company plans to grow into the entire space, Hall said.
Wednesday’s ground breaking was one of three planned in Ten Mile Crossing over the summer. Next week, officials will break ground on the new Saltzer Health medical office building, followed by a groundbreaking for a five-story, 127,000-square-foot office building later this summer.
Once complete the three buildings will bring Ten Mile Crossing to over 700,000 square feet of class A and medical office space.
“It wasn’t long ago that a mixed-use project of this size and scope with this scale of premium office space would have seemed unfeasible for Meridian,” said David Turnbull, president of Brighton, in a release from BVA. “It is a credit to the leadership of the city, the support of stakeholders, and the vision of business leaders that we are now witnessing this rapid growth and job creation. It’s an exciting time for Meridian.”