Gary Montour

Gary Montour

Senior Director

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About

Professional Summary

Gary Montour joined Colliers International in 1983 and has consistently been one of North Florida’s Top Producing Commercial Brokers. He completes 60 to 80 transactions per year and has generated more than $145 million in sales and leasing over the past five years.

Gary has closed deals ranging from small leases, through medium and large sales and lease transactions, to the largest of investment sales. His $30 million multi-property investment deal in 2007 was the biggest among 10,000 Colliers brokers.

Accomplishments

Prior to joining Colliers Gary spent 9 years as a college professor, men's Intercollegiate Division I Baseball coach, men's Intercollegiate Division II Tennis coach and an athletic department administrator. These experiences helped provide insight into Gary's unique "team oriented" commercial real estate business model.

Gary has spent 30 years developing and promoting the "team concept" in commercial real estate, growing from one persoonal assistant to training 4 junior agents (now top performers). The junior agents now assist him in handling over 180 property listings and dozens of tenant representation assignments. Leveraging Gary's talents with his experienced agents have made "Team Montour" one of the most powerful commercial brokerage groups in the state of Florida. His sales pitch to those seeking his services is "why hire one broker when you can hire 4 "experienced" brokers working for the same fee. 

Gary has extensive experience in asset valuation, management, investment strategies, asset disposition, site selection, purchase negotiations, as well as financial and market analysis. He understands the development process from the ground up because he has purchased, owns, and manages, with the help of his team, 10 commercial single tenant properties for his own personal portfolio. He works closely with engineers, architects and understands the entire development and lending process. This knowledge is critical in helping a variety of property owners (leasing, sale and management activities). Gary is clearly a broker (not a developer) who has developed some small commercial assets, and not a competitor for development projects.

Education

Bachelor in Science and Master’s Degree in Education from State University of New York at Buffalo. He earned his Doctorate Degree in Education from the University of Florida. He served as a Professor at SUNY/Buffalo (1974-1978) and at Florida International University in Miami (1978-1983) before entering the commercial real estate industry.

Memberships & Involvements

International Council of Shopping Centers, National Association of Industrial & Office Properties (NAIOP), Northeast Florida Association of Realtors Association of Realtors (NEFAR)

Clients

Large, medium, and small rental tenants, scores of restaurant's, various home builders, phone companies, major bank operation centers, many doctors and hospitals, Insurance companies, home health care companies, various other office and warehouse users

Services

Service Lines
Capital Markets, Landlord Representation, Tenant Representation
Property Types
Retail
Featured Research
Apr 13, 2020
2020 Q1 Northeast Florida Retail Market Report
The coronavirus pandemic is likely to trigger substantial economic interruption in Jacksonville. The course of the economy in Jacksonville and the retail market is contingent on how the outbreak progresses and how much longer the control policies such as social distancing need to be in place.
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Dec 12, 2019
2019 Q3 Northeast Florida Retail Market Report
Brick and mortar retail is not dead — far from it. Northeast Florida’s retail market continues to perform at a very high level. Vacancy in the market currently stands at 3.9%, an all-time low. Market rent also continues to move solidly upward. It now stands at $18/square foot, which is almost 5% higher than this time last year. These vacancy and rent growth statistics closely match those of the vaunted industrial marketplace in Jacksonville (difference in macro headwinds notwithstanding).
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May 16, 2019
2019 Q1 Northeast Florida Retail Market Report
The Jacksonville retail market remains on very solid footing. The current vacancy rate of 4.2% is at or near an all-time low, while the average market rent of $17.45 is within $0.30 of the high seen in mid-2008. Perhaps more importantly, construction remains far below pre-recession levels.
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Featured News
Mar 31, 2020
Small Business Tenant Insight amidst COVID19: Interview with Colliers' Gary Montour
Colliers Jacksonville's Gary Montour shares knowledge on how small business tenants may use reach out to landlords in order to extend leases and promote some financial relief.
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Mar 17, 2020
CoStar names Colliers' Jacksonville office and several associates as Top Deal Makers
Colliers was recognized as a Top Leasing and Sales Firm in the Jacksonville MSA, and six brokerage associates with Colliers' Jacksonville office were recognized as 2019 CoStar Power Brokers.
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Oct 16, 2019
Colliers' Gary Montour represented Jacksonville University in the leasing of 19,000± SF former Virginia College space
The former Virginia College building at 5940 Beach Blvd. will become the Jacksonville University Healthcare Simulation Center. A simulation center at the university’s Arlington campus at 2800 University Blvd. N. trains JU students. The community center will serve professionals from hospitals and other health care organizations.
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Sep 26, 2019
Global Outreach buys two Arlington church properties for charter schools
Two Arlington church properties are slated for a $16.5 million conversion for grades 3-8 and a high school for Global Outreach Charter Academy Inc. Global Outreach, through Regency Charter Property LLC, bought the property at 1211 Lee Road from Calvary Hill Baptist Church Inc. on Sept. 13 for $450,000.
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