2022 Class of Fast 50: Warren & Company Realty Advisors
JACKSONVILLE BUSINESS JOURNAL
Warren & Company Realty Advisors
For more than 25 years, the Jacksonville Business Journal has identified the fastest growing companies on the First Coast. This list has tracked companies that boomed during the good times, that grew even when the economy shrank, that stand as an example of what ingenuity, hard work and creativity can lead to.
This year's list of honorees are drawn from a range of industries, including real estate, transportation, technology and manufacturing.
As a group, the Fast 50 honorees saw their revenue grow by an average of more than 130% over the past three years. Including the dollar-volume honorees, the companies' revenues grew by an average of $25.2 million.
Warren & Company Realty Advisors
CEO: Robert J. Warren
Year Founded: 2004
Percentage Growth: 122.51
What led you to the point of starting or buying into a company?
As a serial business owner I had leased and purchased real estate before becoming licensed myself. I enjoyed the field so much that I decided to pursue the industry as more than just an investor.
What has been the biggest challenge you've overcome as you've grown?
Establishing and maintaining relationships with our largest clients as things change and personnel at the organizations come-and-go.
What's been the 'secret sauce' that has helped propel your growth?
Selectivity, creativity and diligence
What have you done to keep your company culture strong as you grow?
Continuing to focus on doing what's in the best interest of our clients... not necessarily ourselves.
What advice did you receive earlier in your career that has stuck with you as you lead your company?
Prospecting and follow up are the life blood of sales. We must remember daily to keep at it.
What advice would you have for those who are looking to lead a fast-growing company?
All we really have in life is our time.... use it wisely and selectively.
What challenges or opportunities do you see on the horizon and how are you preparing for them?
Challenges - the inevitable correction in the real estate market. Opportunities - the inevitable correction in the real estate market.
Editor in chief
Jacksonville Business Journal
According to the Jacksonville Business Journal, Warren & Company is named one of the top 50 fastest growing companies in the first coast.
Companies were selected after careful review of financial documents, with the businesses required to demonstrate revenue growth from 2019 to 2021. The bar was set high, with the average honoree company seeing growth of more than 130% over that period.
See full article on Jacksonville Business Journal here.
The long-anticipated and now eminent opening of the Publix center at the corner of Hendricks Avenue and Atlantic Boulevard has become the catalyst for increased interest in San Marco real estate, as evidenced by the recent sale of two prominent office buildings at 1639 and 1649 Atlantic Boulevard. The building at 1639 Atlantic Boulevard sold for $3.4 million. The adjacent building at 1649 Atlantic Boulevard sold for $2.25 million.
Bob Warren, broker and president of Warren & Company Realty Advisors, represented the seller. Christian Harden of NAI Hallmark represented the buyer in the transaction. Both buildings had been recently renovated and include 40 parking spaces.
Together those sales and Publix’s opening have changed the primary traffic pattern into San Marco, according to Warren.
“Jacksonville has become an increasingly strong real estate market as a whole, and the San Marco and Riverside submarkets continue to gain popularity among resident, tenants and investors,” Warren said.
Warren foresees additional demand to live work and play in those two neighborhoods throughout 2022.
“This will continue to improve quality of life, which in turn brings additional retail goods and services,” he said. “While increased traffic and overall density will be affected and might be looked at as a negative by some, a neighborhood Publix also brings an improved quality of life that few other improvements can.”
Warren likens predicted growth in San Marco to the well-known phrase, “a rising tide lifts all boats.”
“When quality of life improves in an area, demand for homes and businesses in that area naturally increases also,” said Warren.
Realtors like Warren are optimistic that momentum on the Northbank and Southbank of the St. Johns River will converge with plans for Downtown Jacksonville.
“It will go a long way towards Jacksonville’s return to a thriving, productive and desirable downtown,” he said.
Warren anticipates, however, that the rate of momentum like Jacksonville has experienced in the last four to five years is due for a correction.
“This correction will be nothing like 2008-2009,” he said. “However, I believe an overall market correction of five to eight percent is coming in late 2022 or early 2023.”
Regardless, the strongest submarkets in Jacksonville will remain the strongest and experience less of a correction than others and have a more rapid recovery, he predicts.
By Karen Rieley
Warren & Company Arranges Off-Market $66MM Sale of Single-Tenant, Geico Leased Building in Indianapolis
Warren & Company announces it has completed the off-market sale of 101 West 103rd Street, a 323,000-square-foot two-story office asset located in Indianapolis, Indiana. The asset was sold for $66 million, approximately $204 per square foot, and is 100% leased to Geico for use as a call center.
1301 Riverplace Blvd. Suite #800
Jacksonville, FL 32207