Franklin Street ranks 39 as one of the 50 fastest growing private companies in the Tampa Bay area.
500 N. Westshore Blvd. Suite 750, Tampa, FL 33609
Contact: Kelsy Pazur
Year Established: 2006
Services Offered: Leasing, brokerage, management, insurance, debt placement, tenant representation, landlord representation
Service Area: Southeast
#39 Franklin Street
Franklin Street, a full-service commercial real estate firm launched in Tampa in 2006, kicked into high gear in the economic downturn. By constantly adapting, the firm is maneuvering the good times, too, as Florida’s real estate market comes bounding back.
Culture, CEO Andrew Wright said, is key to the adaptability that’s kept his firm on the growth path – hiring the right peopel and constantly working on team building. That’s been key, as the better the market, the more difficult it is for Franklin Street to compete with the national, household names in commercial real estate.
“In a down market, those companies are typically cutting resources and licking their wounds, and we have the ability to really take advantage and capitalize on that defensive posture,” Wright said. “Really, when the market’s good, and they can really utilize their resources and infrastructure, to push their way in the business, in some ways it makes it more difficult for us.”
Franklin Street is adapting, Wright said, and is about to open a second office in South Florida.
“While [South Florida] is large, it’s very fragmented… and because of that there’s tremendous opportunity.”
Why are you most proud of being a fast-growing company in Tampa Bay?
Founded in 2006 during one of the toughest real estate climates, Franklin Street is proud to be recognized for the fourth year in a row as one of the fastest growing companies in Tampa Bay. Given the difficult state of the economy over that period, particularly in real estate, our success has allowed us to create jobs, train those who are new to the workforce, and showcase Tampa Bay as a great place to start and build a business. We are especially priviledged to be one of the only commercial real estate companies consistently recognized for our growth.
At Franklin Street we believe in setting a foundation for strong, consistent growth. Our strength is truly our people and the relationships we’ve built with our clients and the communities in which we live and work. Each of our team members share our core beliefs – Collaboration, Integrity, Hard Work, Accountability – and strive to provide the most comprehensive advisory services in the industry. At Franklin Street, we grow our business only by helping our clients grow theirs.
Thank you Tampa Bay for providing us with the opportunity to be on e of the Fastest Growing Companies again this year! We look forward to sharing future successes with you.
What market conditions are helping your company’s success?
From its inception, Franklin Street was always planned to be a diverse multi-services firm focused on maintaining financial stability to coincide with the ever-changing real estate market. The diversity of our business lines includes multiple residual revenues as well as transactional revenue. This provides our company with safety nets during financial ups and downs unlike many other real estate companies. In addition to dynamic verticals, we also look to our multiple offices with several teams operating in numerous markets across all business lines – helping to further increase our financial strength.
Through the collaboration of our business lines, we were able to position our company to withstand the market downturn in 2008. We were able to successfully grow a real estate company in one of the hardest hit states during the greatest real estate and financial collapse since the Great Depression. The turmoil our company faced during a very young stage in its development helped secure the values we use to operate to this day; Collaboration, Integrity, Hard Work, and Accountability. Our method and experience as an advisory business – building relationships and increasing the value of our clients’ assets – helped garner the trust, reputation, and stability needed to build Franklin Street’s future.
See the full list here: https://www.bizjournals.com/tampabay/subscriber-only/2014/07/25/fast-50-2014.html