An experienced leader, Ostrosky’s primary objective is to foster the firm’s talent and boost its market presence in North Florida
JACKSONVILLE, FL (September 26, 2023) – Franklin Street is pleased to announce Ricky Ostrofsky has been named Regional Managing Director of the firm’s Jacksonville office. In this new role, Ostrofsky is responsible for overseeing and growing all aspects of the firm’s business in the North Florida market, including leasing, investment sales, capital advisory, insurance, project management, and property management.
In his new role, Ostrofsky will guide Franklin Street in strategic growth initiatives, expanding the firm’s full-service capabilities, talent and market share across the office, industrial, multifamily, retail and healthcare sectors.
“I’m extremely excited to take on this role and continue the growth trajectory we have here in our Jacksonville office. For many years, Franklin Street has had a great reputation for our retail agency leasing and tenant representation services, and in recent years, has grown to include strong land and multifamily brokerage teams as well. The future looks very bright for us as we strive to fill out the remainder of our business lines including office and industrial leasing, tenant representation and investment sales,” said Ostrofsky.
Ostrofsky joined Franklin Street in November 2016 as a Leasing Associate. Prior to joining the firm, Ostrofsky began his career as a Retail Leasing Assistant with The Shopping Center Group, where he helped manage a portfolio of retail shopping centers throughout North Florida and Southern Georgia.
Ostrofsky consistently ranks as a top producer with Franklin Street and has also been recognized as a 2021 Next Generation Award Winner by Connect CRE and a 2022 Power Broker by CoStar.
“Ricky’s dedication and remarkable contributions since joining us in 2016 have been nothing short of exceptional. He consistently embodies the core values and work ethic that define Franklin Street. In this new role, Ricky will be at the helm of growing our presence in the North Florida market. His visionary leadership will steer Franklin Street through strategic growth initiatives, expanding our capabilities, nurturing our talent and further solidifying our market presence,” said Andrew Wright, Chairman and CEO of Franklin Street.
Further, Ostrofsky is highly involved with Best Buddies International as well as JASMYN, where he is a Properties Board Member. Additionally, he is an active member of the International Council of Shopping Centers (ICSC), serving as the 2018 – 2019 ICSC Next Generation Chair, 2019 Idea Exchange Committee Co-Chair, and a current member of the Florida Next Generation Committee.
In addition to appointing Ostrofsky to this new role, Franklin Street also recently relocated its Jacksonville office to Downtown Jacksonville, which provides the firm with space needed to accommodate its continued growth.
Ostrofsky added, “Jacksonville is on a great path now in terms of overall growth, we have hit the major milestone of having a population greater than 1,000,000 people. The increasing density is causing some interesting changes in the commercial real estate market. New-to-market retailers are focused on entering the market, large corporations are relocating their headquarters here, and various businesses continue to rely on our network of warehouses and interstates to serve their growing distribution needs. We are in a great position to capitalize on the changes in the market as a full-service firm.”
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.