Franklin Street named Ricky Ostrofsky as regional managing director of the Jacksonville office.
He will be responsible for overseeing and growing the firm’s business in the North Florida market, including leasing, investment sales, capital advisory, insurance, project management and property management, according to a news release.
“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,” Ostrofsky said in the release.
Ostrofsky joined Franklin Street in November 2016 as a leasing associate. He most recently was director of retail leasing.
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 health care sectors, the release said.
Before 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.
“In this new role, Ricky will be at the helm of growing our presence in the North Florida market,” said Andrew Wright, chairman and CEO of Franklin Street.
Tampa-based Franklin Street also recently relocated its Jacksonville office to the Downtown Bank of America Tower.
“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,” Ostrofsky said.
“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.”
Founded in 2006, Franklin Street has grown to include the business divisions of investment sales; tenant and landlord representation; capital advisory; insurance; property management; and project management.