PENSACOLA, FL—In just a few years, Justin Beck, president of Beck Property, has built a business that provides a broad array of services. He assembled and manages a team that includes property managers, commercial insurance producers, 11 commercial real estate brokers and other staff. And after three years as the firm's president, Beck has already compiled an impressive record.
"Real estate is one of the most entrepreneurial industries out there," Beck tells GlobeSt.com. "It provides the opportunity to connect with really great people and create really awesome places. Furthermore, the multi-discipline nature of the industry allows for every day to be different and excited. I've found Trammel Crow was right, at least with real estate, 'work is more fun than fun'."
Beck seems to be having plenty of fun. Beck has acted as the principal/developer of several major projects in Pensacola, including One51Main, a $5.5-million mixed-use project at the city's Community Maritime Park and the Shops of East Hill, a $6-million retail redevelopment in the historic East Hill neighborhood. In addition, the firm oversees the property and asset management of 2 million square feet of properties.
"This year we've accomplished a couple large goals, opening our Tallahassee office and completed the merger with a commercial insurance company," says Beck. "So the immediate goals are to grow those two lines of business which will help us to better service our clients in more ways across the Gulf Coast."
He has completed more than $50 million in transactions over the past two years, finished a merger with a commercial insurance company and, at the same time, expanded the company's presence across the Gulf Coast by opening a Tallahassee office and expanding services into South Alabama. He says this expansion perfectly positions the company for even more growth.
"I believe the market will settle back into a more normal real estate cycle which will include three to five years of growth characterized by 'fits and starts'," Beck says. "On a more macro level, I believe we will continue to see the rise of the urban center throughout the country and specifically in the southeast. The south has so many great cities with amazing urban cores that are experiencing great renewal."
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