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Atwood to direct retail investment sales for Franklin Street in Jacksonville

Franklin Street has hired Chad Atwood to the newly created position of retail investment sales director and will be based in the firm’s Jacksonville office. Atwood will be responsible for asset underwriting, market positioning, portfolio management, cash-flow analysis and projects, acquisitions and dispositions for its retail investment clients. With more than 15 years of experience in real estate, Atwood served most recently as a senior investment associate and multi-tenant retail asset manager for Marcus & Millichap’s Jacksonville office. He has also held positions with Ginn Real Estate/Centex Destination Properties in St. Augustine and GMAC Real Estate in Columbus. Atwood holds a bachelor of arts degree in Business from Wittenberg University and is a licensed real estate broker in Florida, Ohio and Tennessee.

“We are proud to add Chad to our growing retail investment services,” said Yvonne Baker, Regional Managing Partner for Franklin Street. “His varied background and experience along with the sharp focus on investment services will be an asset to our team and clients. He employs a data-based and research-focused approach to all his deals – something that aligns with Franklin Street’s core value-add focus.”

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Restaurants Key To Retail Developers In South Florida

Miami residents’ stomachs are becoming key to the future of the retail experience in South Florida.

“Food is the future,” Terranova Corp. development director Joshua Gelfman said. “Human beings are social animals, and we want to have experiences in public.”

Gelfman said restaurants are key to creating experiences that shoppers crave at shopping centers and in neighborhoods like Lincoln Road.

Locally owned businesses — especially restaurants — have become key to retail real estate in Miami, said CBRE senior associate Danny Diaz, who was part of a Bisnow panel Tuesday that included Franklin Street senior vice president of investment sales Greg Matus, Comras Co. CEO Michael Comras, Kimco Realty president Paul Puma and Plaza Construction president Brad Meltzer. 

 
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Tampa Multifamily Sells for $6.6 Million

Investors Alan Soroory and Bobby Soroory have sold Montierra Apartment Homes for $6.6 million, or $68,750 per unit. They invested over $1 million dollars since initial acquisition for repositioning the property.

“We acquired the asset at the bottom of the cycle in 2009.  At the time, the asset was more than 50% vacant and required significant capital expenditures throughout the property. Our repositioning program was able to bring the asset’s performance back to it’s full potential and subsequently create significant cash flows through our hands on management approach,” said Bobby Soroory in a statement.

Darron Kattan and Kevin Kelleher of Franklin Street represented the sellers in the transaction.

“We believe the multifamily cycle has provided a good opportunity to exit well-performing assets acquired during the recession. We remain bullish on Tampa’s overall economic growth and we look forward to continuing to invest significant capital into other real estate assets throughout the greater Tampa Bay area,” said Alan Soroory.

Montierra Apartment Homes is a 96-unit, garden-style apartment community located within 1 mile of The University of South Florida, one of the largest schools in the country. Built in 1970, the property sits on over 5 acres of land with over 81,000 rentable square feet.

About Franklin Street: Franklin Street is a family of full-service real estate companies focused on delivering value-added 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. For more information on Franklin Street, please visit FranklinSt.com.

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Franklin Street hires Ryan Dagenais as Assistant Controller for Institutional Property Management

Franklin Street hires Ryan Dagenais as Assistant Controller for Institutional Property Management in Tampa. In this role, Dagenais will provide accounting and financial support to the CFO as Franklin Street continues to expand its commercial property management and leasing services platform. He has more than 15 years of experience in property management, financial accounting and corporate reporting.

“I am honored to be joining Franklin Street and playing an active role in servicing the client needs for a highly-sophisticated level of institutional asset owners,” Dagenais said. “I am thrilled to be part of a growing company that has an incredible corporate culture and a nationally-known and well regarded leadership team.”

Prior to joining Franklin Street, Mr. Dagenais served as the Group Financial Manager for Cushman & Wakefield in Tampa. He directed the firm’s Corporate Occupier & Investor Services Group for the office, industrial and retail assets under management in the group’s Southeast U.S. portfolio.  His work experience includes managing branch and property teams responsible for the accounting and reporting for a portfolio consisting of 28 entities, more than 3 million square feet, while generating more than $20 million in annual revenue.  Mr. Dagenais has extensive experience in large scale lease administration and lease audit compliance.

Mr. Dagenais previously worked as the Regional Controller for Horizon Bay Senior Communities, where he was responsible for the financial accounting and reporting of 12 retirement communities in the Southeast United States.

“Ryan’s addition to our property management team is another major step in our efforts to meet each clients’ specific goals and objectives,” said Will Sadlowski, CFO of Franklin Street. “Ryan will be able to apply his expertise with accounting and reporting as we grow our commercial real estate portfolio throughout the United States.”

Mr. Dagenais graduated from the University of South Florida with a bachelor’s degree in accounting. He is a licensed Certified Public Accountant in Florida and an active member of the Florida Institute of Certified Public Accountants.

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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People on the Move: Todd Simon

NEW HIRE  COMMERCIAL REAL ESTATE  

Todd Simon
Director of Operations, Multifamily Properties at Franklin Street

EDUCATION:  Syracuse University (Syracuse, NY)

Simon has joined Franklin Street Management Services as Director of Operations. He will oversee the performance of a diverse portfolio of multifamily properties in Tampa. He will also manage and supervise the business operations and functionality of all corporate systems at Franklin Street.

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Ryan Dagenais joins Franklin Street’s Tampa office

Ryan Dagenais has been hired by Franklin Street to serve as Assistant Controller for Institutional Property Management in Tampa. In his new role, Dagenais will provide accounting and financial support to the CFO as Franklin Street continues to expand its commercial property management and leasing services platform. He has more than 15 years of experience in property management, financial accounting and corporate reporting. Prior to joining Franklin Street, Dagenais served as the Group Financial Manager for Cushman & Wakefield in Tampa and as the Regional Controller for Horizon Bay Senior Communities. Dagenais graduated from the University of South Florida with a bachelor’s degree in accounting and is a licensed Certified Public Accountant in Florida.

“Ryan’s addition to our property management team is another major step in our efforts to meet each clients’ specific goals and objectives,” said Will Sadlowski, CFO of Franklin Street. “Ryan will be able to apply his expertise with accounting and reporting as we grow our commercial real estate portfolio throughout the United States.” 

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Middle Market Digest: This Week In Florida

ORLANDO—Franklin Street arranged the sale of Chowder Bay Apartments, a 304-unit rental community in Orlando. 

See story at http://www.globest.com/sites/jenniferleclaire/2017/04/14/middle-market-digest-this-week-in-florida-24/?channel=markets&section=miami

 
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Franklin Street Taps New Insurance Director

Franklin Street has named industry veteran Ted Holler as director of insurance services. In his new role, he will focus on commercial real estate portfolios across the Southeast and in the Carolinas.

Holler has experience in all commercial product types, including complex property placements for high-value portfolios. He has been working in the insurance and risk management brokerage industry since 2003. Holler started his career as a middle market agent at Liberty Mutual Insurance Group. He also served as area assistant vice president at Arthur J. Gallagher & Co. He earned his master’s degree in business administration from the University of South Florida. Additionally, he holds the professional designation of Accredited Adviser in Insurance.

“Adding Ted is just another step to improve Franklin Street’s full-service insurance offerings, and we’re confident our clients will benefit greatly from his expertise,” Tom Kersting, president of Franklin Street Insurance Services, said in prepared remarks.

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Franklin Street Hires Ryan Dagenais as Assistant Controller

Franklin Street hires Ryan Dagenais as Assistant Controller for Institutional Property Management in Tampa. In this role, Dagenais will provide accounting and financial support to the CFO as Franklin Street continues to expand its commercial property management and leasing services platform. He has more than 15 years of experience in property management, financial accounting and corporate reporting.

“I am honored to be joining Franklin Street and playing an active role in servicing the client needs for a highly-sophisticated level of institutional asset owners,” Dagenais said. “I am thrilled to be part of a growing company that has an incredible corporate culture and a nationally-known and well regarded leadership team.”

Prior to joining Franklin Street, Mr. Dagenais served as the Group Financial Manager for Cushman & Wakefield in Tampa. He directed the firm’s Corporate Occupier & Investor Services Group for the office, industrial and retail assets under management in the group’s Southeast U.S. portfolio.  His work experience includes managing branch and property teams responsible for the accounting and reporting for a portfolio consisting of 28 entities, more than 3 million square feet, while generating more than $20 million in annual revenue.  Mr. Dagenais has extensive experience in large scale lease administration and lease audit compliance.
 
Mr. Dagenais previously worked as the Regional Controller for Horizon Bay Senior Communities, where he was responsible for the financial accounting and reporting of 12 retirement communities in the Southeast United States.

“Ryan’s addition to our property management team is another major step in our efforts to meet each clients’ specific goals and objectives,” said Will Sadlowski, CFO of Franklin Street. “Ryan will be able to apply his expertise with accounting and reporting as we grow our commercial real estate portfolio throughout the United States.”

Mr. Dagenais graduated from the University of South Florida with a bachelor’s degree in accounting. He is a licensed Certified Public Accountant in Florida and an active member of the Florida Institute of Certified Public Accountants.

 
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People on the Move: Ted Holler, Director of insurance services

NEW HIRE  COMMERCIAL REAL ESTATE  

Ted Holler
Director of Insurance Services at Franklin Street 

EDUCATION:  University of South Florida (Tampa, FL)

Assists clients with coverage analysis, risk management strategies, compliance, and negotiating the best-possible coverage and pricing to improve the value of their investments by reducing total cost of risk.