After nearly 16 years with global real estate service CBRE, Jim Citrano is retiring as managing director of the Jacksonville office.
Citrano, 71, plans to retire May 31 and said Thursday he has been planning and preparing for his exit.
"I was pleased to be able to recruit and hire my replacement, (William) Tripp Gulliford of EverBank. We've been working together to make sure it's a smooth transition," said Citrano.
Gulliford is managing director of EverBank Commercial Advisors.
"It was flattering to be selected by Jim. He is one of the icons of the real estate industry," Gulliford said Friday morning. "I am looking forward to working with him through the transition."
Although Citrano will step down from CBRE, he said he will spend more of his energy in his role as chairman of the Jacksonville Port Authority board of directors.
"This will allow me to spend more time on my duties as chairman of the port board and placing a new CEO," said Citrano.
The last candidate the board selected, Port of Miami Deputy Director Juan Kuryla, chose to withdraw his name from consideration to stay in Miami.
The board then reopened the search and Citrano said he expects to hear from search firm Heidrick & Struggles next week about a new list of CEO candidates.
Citrano joined the Jacksonville CBRE office as managing director in August 1997.
He moved to Jacksonville in 1973 and was employed by Haskell and the J.A. Jones Construction Co. in leasing, development and property management.
He served as president of St. Johns Place, a joint venture development of Gulf United Corp. and the Freuhauf Corp., from 1976-84.
He moved on to become president and owner of St. Johns Place Development Co., a real estate development, management, brokerage and service company, which he ran until he joined Gate Petroleum Co. as vice president of Gate Riverplace.