GTEC Ready to Welcome New Companies

Big things are happening in East Gainesville! This upcoming February, the Gainesville Technology Entrepreneurship Center business incubator on Hawthorne Road will have plenty of space to welcome a new tenant.

As a testament to its success, the current second floor tenant is moving into their own space after 12 years of being at the incubator. The company Optym provides software solutions for transportation companies. Optym is relocating to Tower Road, where it will house its 130 employees in its own building.

A current tenant of the GTEC is The Tech Toybox, a firm which helps inventors build prototypes. This adds to the allure of the center for any light manufacturing companies looking to move in and take advantage of the proximity. The Gainesville Community Redevelopment Agency plans on constructing nine more buildings in addition to parks, ponds and cafés on the 14-acre property, further increasing the attractiveness of the incubator. 


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Nick Banks

Nick created Front Street Commercial Real Estate Group in 2002 and spent the first eight years developing and acquiring office and retail projects in South Florida as well as North Central Florida. In 2010 the focus of the firm was shifted to primarily serve third party clients and perform brokerage, property management and mortgage banking functions. Nick has personally developed and acquired nearly 200,000 square feet of office and retail properties in markets throughout Florida. Prior to founding Front Street, Nick was the Director of Finance and Dispositions for Stiles Corporation in Fort Lauderdale where he financed and sold over $500 million in commercial real estate. Before joining Stiles, Nick was an Associate Director at GE Capital Real Estate where he sourced over $200 million in financing throughout Florida. Nick is a graduate of the University of Florida with a degree in Finance and a concentration in Real Estate. He serves as a board member and current vice-chair for the United Way of North Central Florida where he also chairs the Development Committee. Nick is actively involved with the Gainesville Area Chamber of Commerce where he serves as a board member and committee member for the Council for Economic Outreach. He is also a recent graduate of Leadership Gainesville which is a year long leadership program hosted by the Chamber. He is a member of Grace United Methodist Church where he has served as finance chair and as a member of the leadership council. Nick serves as an advisory board member of the University of Florida Bergstrom Center for Real Estate Studies. Nick was recently named chair of the Gainesville committee for the North Florida chapter of Urban Land Institute (ULI). He is a licensed real estate broker in the State of Florida and is a long time member of the International Council of Shopping Centers.

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