Front Street is thrilled to announce that we were named #10 in the top 100 fastest-growing, Gator-Owned or Gator-Led businesses in the world!
The 1st inaugural Gator100 awards was held on February 6, 2015 in the University of Florida Reitz Union Grand Ballroom. The Gator100 serves not only as a setting where UF's elite entrepreneurs can gather and share their talents and wisdom, but as an inspiration to fellow Gators to be a part of this exclusive group. Alumni from the University of Florida have created and guided some of the most innovative and profitable businesses in the nation and the world, and we're so honored to be a part of it. UF's Center for Entrepreneurship & Innovation (CEI) was privileged to recognize these amazing entrepreneurs with the launch of the inaugural Gator100.
In order to apply, companies must have been in business for 5 years or more as of September 1, 2014, and must have had verifiable annual revenues of $100,000 or more in 2011. To identify the 100 fastest growing Gator-owned companies, the Gator100 was ranked by compounded annual growth rate (CAGR). CAGR is used to determine year-over-year growth over a specific period of time.
This was a huge honor, and even better to have won it as a business in the Great City of Gainesville, home of the Gators and the University of Florida. We're so proud to represent the Gator Nation and can't wait for next year!
See below for the full press release or click here for more Front Street news...
FOR IMMEDIATE RELEASE
February 12, 2015
Front Street Commercial Real Estate Group
Front Street Commercial Real Estate Group Selected to Inaugural Gator100
GAINESVILLE, Fla. – Front Street Commercial Real Estate Group was named to the University of Florida’s inaugural 2015 Gator100 during a ceremony Feb. 6 at UF’s J. Wayne Reitz Union Grand Ballroom.
Sponsored by UF, the Warrington College of Business Administration and the Center for Entrepreneurship & Innovation (CEI), the Gator100 recognizes the 100 fastest-growing businesses owned or led by UF alumni. Ernst & Young calculated each company’s compounded annual growth rate (CAGR) over the past three years to generate the ranking.
Front Street was ranked 10th with a compound annual growth rate (CAGR) of 110.41%. Front Street Commercial Real Estate Group is a boutique, full service, commercial real estate service firm offering its clients brokerage, property management and mortgage banking solutions. The Company was founded in 2002 and is headquartered in Gainesville, Florida with additional satellite offices in Ocala and Tampa. Founder and Managing Director Nick Banks graduated UF with a Bachelor of Science in Business Administration in 1990.
“The Gator100 awards was one of the most special days in the history of our company,” said Nick Banks. He added “It was an honor to be on the Gator100 list and even more of an honor to be listed as number 10. The award is a complete team effort and a result of all the hard work, dedication and love that my team at Front Street brings to our business every single day. Thank you team Front Street and thank you to all of our clients, supporters, our families, and our community partners like United Way of North Central Florida who are constantly rooting for us.”
“The Gator100 is an important initiative that recognizes entrepreneurial excellence,” said Dr. Michael Morris, the Academic Director of the entrepreneurship program at UF. “It is open to any and all companies founded or run by Gator alumni, and recognizes those who are achieving growth, innovating, and making a difference in their communities.”
To qualify for the Gator100, companies must have been in business for five years or more as of September 2014, and have had verifiable annual revenues of $100,000 or more in 2011. Additionally, a UF alumnus or alumni must have met one of the following three leadership criteria:
1. Owned 50 percent or more of the company from Jan. 1, 2011, through Dec. 31, 2013; or
2. Served as company’s chief executive from Jan. 1, 2011, through Dec. 31, 2013; or
3. Founded the company and been active as a member of the most senior management team from Jan. 1, 2011, through Dec. 31, 2013.
View the full list of Gator100 honorees at gator100.ufl.edu.
ABOUT FRONT STREET:
Front Street Commercial Real Estate Group is a leader in the Central and North Central Florida commercial real estate business. The company’s mission is to impact its community, clients and industry by doing commercial real estate differently. Front Street is committed to leadership in the commercial real estate business by offering superior brokerage, commercial mortgage banking and property management solutions to its commercial real estate clients. For more information please visit www.FrontStreet.net.