Foundry Commercial Named One of the Fastest-Growing Private Companies in America by Inc. Magazine
Posted on August 23, 2016
--Multi-city commercial real estate firm secures spot on coveted Inc. 5000 list--
ORLANDO, Fla. (August 17, 2016) – Foundry Commercial, the multi-city commercial real estate firm headquartered in Orlando, Florida, has been named one of the fastest-growing companies in the country by Inc. Magazine, securing a spot on the publication’s 2016 Inc. 5000 list. The list, which has included companies like Microsoft, Timberland, Chobani and Zappos.com in the past, is formulated based on each featured company’s percentage of growth over a three-year period.
Foundry Commercial’s inclusion on the list comes after a year of unprecedented growth in each of its 10 locations across the Southeast, Texas and California. In addition to launching their industrial development platform in the Southeast, including 2 million square feet of new construction across two projects in Central Florida, Foundry Commercial also completed two significant mergers in the Carolinas that added 50 new employees to the platform, expanded its brokerage, property management and project management teams in South Florida, and welcomed industry giants Ford Gibson and Julie Augustyn to its Miami and Raleigh offices, respectively.
“Being awarded a spot on the Inc. 5000 list is a fantastic way to enter the home stretch of one of the most significant years in our company’s history,” said Paul Ellis, CEO of Foundry Commercial. “It is a result of the trust of our customers, associates and the partners who have joined us, and the work that all of our team members have put in to growing our business. It is an honor we will work diligently to maintain in the years to come.”
The 2016 Inc. 5000, unveiled online at Inc.com and with the top 500 companies featured in the September issue of Inc. (available on newsstands August 23) is the most competitive crop in the list’s history. The average company on the list achieved a mind-boggling three-year growth of 433%. The Inc. 5000’s aggregate revenue is $200 billion, and the companies on the list collectively generated 640,000 jobs over the past three years, or about 8% of all jobs created in the entire economy during that period. Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at http://www.inc.com/inc5000.
More about Inc. and the Inc. 500|5000
The 2016 Inc. 5000 is ranked according to percentage revenue growth when comparing 2012 to 2015. To qualify, companies must have been founded and generating revenue by March 31, 2012. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2015. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2012 is $100,000; the minimum for 2015 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.'s September issue. They represent the top tier of the Inc. 5000, which can be found at http://www.inc.com/inc5000.
About Inc. Media:
Founded in 1979 and acquired in 2005 by Mansueto Ventures, Inc. is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today's innovative company builders. Winner of the National Magazine Award for General Excellence in both 2014 and 2012. Total monthly audience reach for the brand has grown significantly from 2,000,000 in 2010 to over 15,000,000 today. For more information, visit www.inc.com.
About Foundry Commercial
Foundry Commercial is a full-service real estate services and investment company with 258 employees and nearly 40 million square feet of space under management and leasing across the Southeast and Texas. Foundry provides corporate services, brokerage, leasing, building management and project management services, and is the largest real estate service provider to religious and not-for-profit organizations in the country. Foundry also includes a development and investment platform that is fully integrated into its services business, leveraging its local market expertise to control more than $500 million in advantaged investment opportunities in partnership with its clients. Foundry Commercial was founded as CNL Commercial Real Estate in 2007 and launched as Foundry in 2015 through a management led buyout. For more information, visit www.foundrycommercial.com.