FREQUENTLY ASKED QUESTIONS
What is Flagler?
Based in Coral Gables, Florida, Flagler is Florida’s leading integrated commercial real estate company specializing in office and industrial space. With more than a century of industry experience, a business model built on stability and innovation and an integrated approach and expansive service line, Flagler is committed to maintaining its reputation for quality through developing, building, managing and leasing properties for long-term success.
Where did Flagler originate?
The company’s roots date back more than a century. Flagler has been part of Florida’s development scene since the 1880s when Henry Morrison Flagler, an American tycoon and business partner with John D. Rockefeller in Standard Oil, first traveled to Florida. Mr. Flagler recognized Florida’s potential to attract out-of-state visitors and later developed dozens of luxury resorts and hotels. He also developed a railway system that stretched all the way to Key West to transport visitors to these world-class resort destinations.
Henry Flagler’s railway system eventually grew into what is known today as Florida East Coast Railway, our sister company. Eventually, a separate real estate subsidiary was formed to manage the more than 20,000 acres of Florida land Henry Flagler amassed during his lifetime–Gran Central Corporation.
Throughout the nineties, Gran Central grew into a major player in Florida’s real estate industry with 55 commercial buildings and 19,000 acres of land in Jacksonville, Orlando, Fort Lauderdale and Miami. In 2000, the company symbolically returned to its roots when it was renamed Flagler Development Company. And in 2006, Flagler Development Company merged with South Florida’s leading commercial real estate company, Codina Group, transforming the company into the commercial real estate powerhouse it is today.
Henry Flagler’s vast land purchases laid the groundwork for our company and his vision set high standards for innovation and commitment that we honor as part of our core values today.
How is Flagler involved with Codina Group?
In 2006, Flagler Development Company merged with South Florida’s leading commercial real estate development firm Codina Group to form the company presently known as Flagler.
Who are the leaders of the company?
The real estate firm is led by President Vincent Signorello. Other key members of the Flagler management team include:
- Keith A. Tickell, Chief Operating Officer
- Kolleen O.P. Cobb, General Counsel
- Rafael Rodon, Executive Vice President
- Eric D. Swanson, Executive Vice President
Is Flagler a public company?
No, it is a private company. In 2007, Flagler’s well-positioned assets, reputation and staff of seasoned real estate executives prompted Fortress Investment Group, LLC to invest in the company, repositioning it as a private real estate investment trust. Today, Flagler is a wholly owned subsidiary of Florida East Coast Industries, Inc. (FECI). FECI is owned by private equity funds managed by affiliates of Fortress Investment Group LLC.
Is Flagler part of the railroad, Florida East Coast Railway (FECR)?
No, they are separate sister companies. Both Flagler and FECR are owned by private equity funds managed by affiliates of Fortress Investment Group LLC, but are operated as independent subsidiaries. Flagler owns and has developed some land assets surrounding FECR tracks.
Where does Flagler operate?
Headquartered in Coral Gables, Florida, Flagler operates throughout the state of Florida with a strong presence in South Florida, Orlando, Tampa and Jacksonville.
How many square feet of property does Flagler manage?
Flagler owns 69 buildings totaling more than 7 million square feet of Class-A office and industrial space. We also own 2,500 acres of Florida land with entitlements in place in excess of 14 million square feet of development. Flagler's properties are well located and situated in strategic markets throughout Florida.
How does Flagler give back to the community?
Flagler has a long history as an engaged corporate citizen and traditionally spends about a half million dollars a year on dozens of local community and business organizations, including city and county chambers of commerce, local economic development committees and business development organization throughout the state. The company also supports numerous Florida charities through corporate sponsorships and its innovative Flagler Community Outreach Fund. Through this fund, Flagler supports employees' volunteer and financial contributions by matching donations 2:1. Check out the “Community Involvement” section on our Web site under “About Us” for more details.