Patrick Kelly serves as regional managing partner for Franklin Street in the firm’s Tampa headquarters office. In his role, Kelly provides strategic guidance for Franklin Street, helping to grow the firm’s market share and expand its investment sales, capital advisory, insurance, property management, project management, and tenant and landlord representation services throughout Tampa Bay.
Kelly has more than 35 years of experience in commercial real estate with a strong history of transactional and development expertise, focusing on multiple asset classes including office, industrial, medical and land. Prior to Franklin Street, he served as president for Redstone Commercial, a major real estate brokerage and development firm with over 75 properties totaling more than 4.5 million square feet in 15 states. Kelly’s initial industry experience stems from his debt and equity background, having financed multiple office properties throughout Florida and the Rocky Mountain states.
His capital markets focus shifted to commercial development when he became the Florida regional partner for one of the country’s largest developers, The Vantage Companies. Kelly managed the development of over 2 million square feet of flex and Class A office, industrial and retail product throughout the Southeast. Previously, Kelly was managing principal of a company that managed, leased, and sold over 10 million square feet of commercial real estate assets within multiple markets in Florida, along with Atlanta, Raleigh, Memphis, Nashville and Denver.
In Tampa Bay, he led the infrastructure development for several office parks (Carillon Park, Highland Oaks, University of South Florida Research Park, Crescent Park). He also negotiated many large office lease transactions, representing both tenants and landlords, including Franklin Templeton, GTE, Aegon , PBS&G, New York Life, URS Greiner, and the Perot Group. In 2014, Kelly was inducted into the NAIOP (formerly the National Association for Industrial and Office Parks) Tampa Bay Hall of Fame in recognition of his significant contributions to commercial real estate and the Tampa region.
Kelly, a sixth-generation Floridian raised in Miami, holds a bachelor’s degree in Business from Florida State University. He is actively involved with Florida State University’s Real Estate Program, International Council of Shopping Centers, NAIOP, Real Estate Investment Council of Tampa Bay and Tampa’s Westshore Alliance.
Florida State University Real Estate Program
International Council of Shopping Centers
NAIOP (formerly the National Association for Industrial and Office Parks)
Real Estate Investment Council of Tampa Bay
NAIOP Tampa Bay Hall of Fame — Inducted 2014
Florida State University, B.A. Business
Business Observer: Pent-Up Optimism
January 8, 2021
This article from Business Observer offers insight from commercial real estate leaders on how the market is expected to perform in 2021. See below for a sample of quotes from Franklin Street’s experts. On Industrial: “Industrial properties have outperformed every asset class save for residential in the greater Tampa Bay area, because of the rise…