Southwestern foothold starts with Austin-based Operation.
BISWIRE/Feb. 23, 2024 – Today, Franklin Street, a Tampa-based commercial real estate brokerage, announced the opening of a regional headquarters office in Austin as the firm’s Texas debut. One of the fastest-growing full-service commercial real estate firms in the United States, the Austin operation is Franklin Street’s eighth location across five states.
The move marks the third new office opening for the company over the last 18 months with Austin joining Nashville, Tennessee, and Charlotte, North Carolina, as the most recent expansion locations for Franklin Street.
Franklin Street’s seven service lines span full-service advisory capabilities from investment sales, capital markets, leasing, tenant representation to property and project management.
The 11-person Austin launch team adds to the company’s 400-person headcount.
The local leadership team includes Marshall Durrett, who previously led the Central Texas land advisory practice at Cushman & Wakefield. Durrett said, “we’re building a group of senior partners to lead the office, industrial, multifamily and retail asset classes throughout the region.”
“Austin is a vitally important growth market, positioning us for expansion across Texas and establishing a foothold in the Southwest,” said Kurt Keaton, Franklin Street President of Real Estate Services, and former JLL executive. “This move is symbolic of the firm’s aggressive plans to scale up while other brokerages scale back,” said Keaton.
Veteran broker Alex Taghi, previously with Partners, will lead the occupier services division with support from former Silicon Valley Bank Vice President, Austin Wills, while the investment sales division adds Laura Fretwell from Cushman & Wakefield along with Clint Yoder.
Ryan Bohls joins as Regional Managing Director after almost two decades representing corporate real estate users. The team’s roster is bolstered by real estate operations veteran, Dahlia Hanly, formerly of Marcus & Millichap and Commercial Real Estate Solutions along with several associates.
The company’s sizable insurance division, with over $75 billion of commercial assets insured, enhances its service offerings amid rising insurance costs for local developers and owners in the Lone Star State.
The first of several Texas offices starting in the state capital, the firm will soon announce the addition of more senior leaders. Franklin Street also plans to grow offices in the other major Texas metros.
About Franklin Street:
Founded in 2006 during one of the toughest real estate climates, Franklin Street focused on delivering value-added solutions to meet the evolving needs of clients. Through a collaborative philosophy of leveraging the resources, expertise, and experience of each of its lines of business, Franklin Street has grown to include seven business divisions – Investment Sales, Tenant and Landlord Representation, Capital Advisory, Insurance, Property Management and Project Management. With $7 billion in transaction value across all major product types, Franklin Street offers unmatched value and optimal solutions for clients nationwide. Headquartered in Tampa, Fla., the firm has teams located in top markets throughout the country and works with owners and occupiers of commercial real estate nationwide. Learn more about Franklin Street at FranklinSt.com.
