Engel & Völkers has announced its latest franchise expansion in Fort Lauderdale; marking the company’s eighth and ninth locations in South Florida. Francisco Garcia, formerly a real estate advisor with Engel & Völkers, has secured the rights to Engel & Völkers Fort Lauderdale and Engel & Völkers Fort Lauderdale Beach and will lead the brokerages as its License Partner. The Fort Lauderdale brokerage is set to open in late 2018 and the latter sometime in 2019.
Engel & Völkers has maintained a presence in the Fort Lauderdale market since 2008. As a lifelong entrepreneur, Garcia was an ideal candidate to continue the brand’s success, according to the company. A relative newcomer to the real estate industry, Garcia has had tremendous success specializing in new construction sales. Prior to his career move to the real estate industry, Garcia owned and operated 27 successful nightclubs and bars in South Florida.
“Francisco has demonstrated his keen business sense and leadership over the last 30 years,” said Timo Khammash, Managing Partner of Engel & Völkers Florida. “We are thrilled to have him represent Engel & Völkers continued interest in the Fort Lauderdale market.”
Engel & Völkers Fort Lauderdale will be located in the heart of Fort Lauderdale’s most popular thoroughfare, Las Olas Boulevard. Garcia plans to launch an extensive recruiting campaign in the Fort Lauderdale market, in search of a mix of new and seasoned real estate professionals. He aims to position the brokerage and its advisors as market leaders, with clearly defined submarket specializations. Likewise, Garcia is also exploring merger, acquisition and roll in opportunity’s with independently-owned brokerages to grow his business and footprint in the Fort Lauderdale market.
“The Engel & Völkers brand dominates the luxury and global aspects of the industry, and does so with inimitable style and charisma,” said Garcia. “Fort Lauderdale is an undeniably international market, which is why a globally-recognized brand like Engel & Völkers is received so well with buyers and sellers. What they offer in terms of exposure, technology and support is invaluable to today’s agents.”
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