Flagler (company)

Flagler is a commercial real estate company headquartered in Coral Gables, Florida. Flagler is a corporate legacy of American businessman Henry M. Flagler.

The company has developed more than 30 million square feet of commercial real estate space over the past 30 years. It also owns more than 2,500 acres of developable land statewide, and manages or leases more than 13 million square feet of commercial property.[1] The Flagler company is a wholly owned subsidiary of Florida East Coast Industries. Its development projects include the new world headquarters for Bacardi USA, in Miami; Office Depot's world headquarters, in Boca Raton; and Miami's Flagler Station, South Florida's largest business park.

Flagler has shifted its focus in recent years away from owning commercial real estate properties, and more towards development and providing brokerage, property management and asset management services to larger, institutional clients.[2]

History

Flagler's origins date back to the original railroad company founded by Henry M. Flagler in 1888.

Services

Flagler markets itself as a full-service commercial real estate provider with more than a century of experience in Florida. Their core services include development, brokerage, and property management and asset management.

Development

Flagler has developed more than 30 million square feet of commercial property over the past three decades, working with some of the region's largest businesses, including:

Flagler has received a number of awards for its development efforts, including “Developer of the Year” by the Commercial Real Estate Industry Association (NAIOP) in the South, Central, and North Florida markets.

Flagler has also made a commitment to building eco-friendly projects. The company is a member of the U.S. Green Building Council, and encourages its staff to work towards LEED certification in their particular fields.

11 million square feet of suburban office buildings. Projects include Ryder Systems, Strayer University, and Flagler Center.
18 million square feet of industrial warehouse/distribution facilities. Projects include Flagler Station, Beacon Lakes, and Centergate at Gratigny.
1.5 million square feet of office/retail space. Projects include Bacardi USA Headquarters, Office Depot Global Headquarters, and Toyota Headquarters.
6 million square feet of tenant improvements. Projects include Carnival Cruise Lines, Target, and DHL.
Thousands of acres of infrastructure improvements & roadways. Projects include Dolphin Mall, The Palms at Town and Country, 1800 Military Trail, Flagler Center, and SouthPark Center.

Land

According to the company, Flagler owns approximately 2,500 acres of land across north, central, and southern Florida, with a focus on the Jacksonville, Orlando, Fort Lauderdale and Miami metro areas.

Brokerage services

Flagler was at one time considered Florida's largest commercial brokerage firm.[7] Following a strategic shift, the firm has shifted into a high-quality, boutique brokerage operation that focuses on providing a full suite of services to large, blue-chip, or institutional clients, such as JP Morgan and AEW Capital Management.

Flagler's services include helping property owners find tenants, helping businesses find space to buy or lease, strategic consulting services to help property owners maximize assets, property management, development services, and land sales.

Property management

Flagler manages and leases approximately 14 million square feet of commercial space throughout Florida. The company's client roster includes AEW Capital Management, Barclays, and Morgan Stanley, as well as several institutional lenders and special servicers.

Services provided include property operations, property accounting and reporting, lease administration, property financial planning and budgeting, and real estate tax review.

type	Private
foundation	1892
founder	Henry M. Flagler
location city	Coral Gables, Florida, U.S.
industry	Real Estate Development, Property Management, Brokerage Services
homepage	http://www.flaglerdev.com