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Movers & Shakers: Hernando Perez

Franklin Street hired Hernando Perez as director of multifamily investment sales in the company’s Miami office. Perez, a former sales manager for Marcus & Millichap’s Fort Lauderdale and Fort Worth offices, specializes in apartment sales throughout South Florida in the $1 million to $10 million range. Prior to commercial real estate, Perez worked in the financial services industry.

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People on the Move: Julie Raymer

PROMOTION: Corporate Controller at Franklin Street

EDUCATION:  Hillsborough Community College (Tampa, FL)

Raymer supervises the corporate accounting staff, overseeing and performing accounting, financial reporting and auditing functions for Franklin Street.

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People on the Move: Cole Malizia

NEW HIRE: Investment Associate at Franklin Street

EDUCATION:  Washington and Lee University (Lexington, VA)

Malizia joins Franklin Street as an investment associate specializing on the marketing and sales of multifamily product in the Florida market, focusing on greater Tampa Bay. As part of the multifamily investment advisory team, he provides underwriting and valuation consulting for property owners.

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Franklin Street Brokers Sale of Miami Office Suites

Franklin Street brokered the sale of a 35,720-square-foot office building situated at 12905 SW 42nd Street in Miami. The two-story building was acquired from Adrian Family Partnership by Adios 2, LLC for $6.7 million.

Scott Tye, investment associate, and Robert Granda, director of retail investment sales, represented both parties in the transaction. Franklin Street has been appointed by Adios 2, LLC as the exclusive leasing agent and property manager for the building.

The building contains 42 individual office suites and is currently named the Office Suites 2 of Bird Road.  The property is located in the heart of Miami’s Kendall neighborhood near the Kendall Regional Medical Center. Due to the area’s strong demographics, the listing brought several potential buyers to the negotiating table.

Franklin Street was chosen to list and market the property because of its close relationships with private investors. The buyer cited Franklin Street’s collaborative, bundled-services platform as a big reason for having interest in the property.
 
Franklin Street’s ability to offer a multitude of services—from sourcing capital to providing insurance to managing the property—provided a one-stop-shop for our client,” said Tye.

Franklin Street’s Tom Farmer, director of agency leasing, will handle leasing for the building and Lisa Jesmer, senior vice president of client investor accounts, will oversee management.

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Why The US Real Estate Market Reigns Supreme

ATLANTA—Andrew Wright started his commercial real estate company Franklin Street in the worst of times—and he carved out a niche in the industry. Although there have been growing pains and challenges along the way, Wright, CEO and managing principal of the firm, is optimistic that the future is bright for the industry and his firm.

See story at http://www.globest.com/sites/jenniferleclaire/2016/12/29/why-the-us-real-estate-market-reigns-supreme/?channel=markets&section=atlanta

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Franklin Street ranked among Top Orlando Commercial Property Management Firms

The Orlando Business Journal ranked commercial property management firms by square feet managed locally.

Rank Address
Telephone
Total SF Managed Locally % Industrial %Office % Retail
#23 Franklin Street

90 N. Orange Ave. #2300
Orlando, FL 33801
407-816-6680

FranklinSt.com

798,028 Not applicable 100% Not applicable

View the original story here: http://www.bizjournals.com/orlando/subscriber-only/2016/12/30/property-management-cos.html

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The Major Motive Behind Commercial Real Estate Industry Consolidation

Consolidation is nothing new in the commercial real estate industry, but it’s a consistent theme. In bull and bear markets alike, we’ve seen significant mergers and acquisitions at just about every level of the business.

GlobeSt.com caught up with Andrew Wright, CEO and managing principal of Franklin Street, to get his thoughts on the ongoing consolidation in the commercial real estate industry. He previously spoke to us about carving out a big niche in a down market and the growing pains his firm has experienced over the past 10 years.

See story at http://www.globest.com/sites/jenniferleclaire/2016/12/22/the-major-motive-behind-commercial-real-estate-industry-consolidation/

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Franklin Street Expands Atlanta Retail Tenant Services

Industry leader Bob Kane to head firm’s retail tenant representation strategy

Bob Kane has joined Franklin Street’s Atlanta office as a director of the company’s Retail Tenant Services’ division. Kane will lead the team in providing roll-out strategies, site selection, market analysis and lease/purchase negotiations for national and regional retailers and restaurant groups throughout the Southeast.

“The knowledge and relationships that Bob brings to the Atlanta office will help Franklin Street continue to offer top-level service to our clients and expand our portfolio,” said Monetha Cobb, managing director of Franklin Street’s Atlanta office. “Our Retail Tenant Services division is known throughout the Southeast for having a deep understanding of our clients’ needs, allowing us to create strategic plans to help achieve their goals. Bob’s enthusiasm and expertise make him an excellent addition to this team.”

During the past 13 years, Kane has provided retail and restaurant brokerage, development and consulting services to some of the nation’s largest retailers including The Home Depot, Kohl’s, LongHorn Steakhouse, McDonald’s, ALDI, Lowe’s and more.

“Franklin Street continues to gain recognition as a top commercial real estate company throughout the Southeast and nationally, and the opportunity to join them is very exciting,” Kane said. “I am honored to work with such a talented group of individuals who strive to deliver the best possible results for their clients.”

Prior to Franklin Street, Kane worked for RFK Real Estate Services as a principal of corporate retail services, where he successfully represented retailers and restaurant tenants in the acquisition, disposition and leasing of retail properties throughout the Southeast. Previously, he served as vice president of corporate retail services for Bull Realty, brokering more than 40 retail deals representing retailers, investors and landlords during a four-year period.

At Franklin Street, Kane will work on several national and regional retail accounts such as T-Mobile, PNC Bank, Dollar Tree, Cabela’s, Great Clips, Beall’s Outlet, Planet Fitness and Smoothie King, among others.

“The shortage of quality retail space has created a highly competitive market in Atlanta, with several tenants constantly vying for the same spaces,” said Kane. “We have to stay on top of intel regarding properties as soon as they become available to secure the best spaces for our clients.”

Kane received his Master of Urban Planning, Design and Development degree from Cleveland State University. Active in the retail industry, he is a member of the International Council of Shopping Centers (ICSC) and attends ICSC’s National and Regional conferences each year.

About Franklin Street: Celebrating more than 10 years in the business, Franklin Street is a family of full-service commercial real estate companies focused on delivering value-add solutions to meet the evolving needs of clients. Through a collaborative philosophy of leveraging the resources, expertise and experience of each of its divisions – Real Estate, Capital, Insurance, Management and Valuation – Franklin Street offers unmatched value and optimal solutions for clients nationwide. Learn more about Franklin Street at FranklinSt.com.

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Franklin Street Arranges $11 Million Sale of Publix-Anchored Shopping Center in Georgia

Robson Crossing’s current tenant roster includes Publix, GNC, The UPS Store, Ace Hardware, O’Reilly Automotive, Sonic and Chick-fil-A.

Gainesville, Ga. — Franklin Street has arranged the $11 million sale of Robson Crossing, a Publix-anchored shopping center located in Gainesville, roughly 40 miles northeast of Atlanta and minutes from Lake Lanier.

Since opening in 1998, Robson Crossing has maintained an occupancy rate at or above 90 percent. The 99,170-square-foot center’s current tenant roster includes GNC, The UPS Store, Ace Hardware, O’Reilly Automotive, Sonic and Chick-fil-A. John Tennant and Bryan Belk of Franklin Street’s Atlanta office represented the Gainesville-based seller, Robson Crossing LLC, in the transaction. The buyer, Ontario, Canada-based SUSO 3 Lovingston LP, plans to upgrade the center and extend the lease with Publix.

View the original article here: http://www.shoppingcenterbusiness.com/the-latest-news/franklin-street-arranges-11-million-sale-of-publix-anchored-shopping-center-in-georgia

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Franklin Street Makes Competitive Move In Multifamily Market

MIAMI—Hernando Perez has joined Franklin Street’s Miami office as director of multifamily investment sales. He specializes in brokering the sale of multifamily properties in Miami-Dade, Broward and Palm Beach Counties.

See story at http://www.globest.com/sites/jenniferleclaire/2016/12/21/franklin-street-makes-competitive-move-in-multifamily-market/?channel=markets&section=miami