Categories
Uncategorized

Sparkman Wharf: Tampa’s waterfront destination for work, outdoor recreation, and dining

Tampa, Fla. – Strategic Property Partners, LLC (“SPP”), a Tampa-based real estate development company, today unveiled plans for Sparkman Wharf, a creative mixed-use redevelopment near Water Street Tampa. Sparkman Wharf was born from the former Channelside Bay Plaza retail center, located along the Garrison Channel in downtown Tampa.

Sparkman Wharf combines approximately 180,000 square feet of reimagined, waterfront loft-style office space with 65,000 square feet of refreshed ground level retail oriented towards a dynamic park-like environment, which will feature an intimate dining garden, biergarten, and lawn for recreation.

Currently under construction by Tampa-based contractor EWI, the grand opening of the dining garden, biergarten, and recreational lawn is planned for October 2018.

Feel a spark? Follow @SparkmanWharf on Instagram, Facebook, and Twitter or sign up for the newsletter at SparkmanWharf.com to stay up to speed with everything planned for Sparkman Wharf.

The Lawn at Sparkman Wharf: A place to have a group chat – in person.

Sparkman Wharf’s expansive lawn overlooks the waterfront, and will offer engaging activities, games, and recreation throughout the week with plenty of space to just sit, relax, and enjoy the view.

Extending from the lawn, guests will be able to enjoy food and drink on the wharf or simply delight in a walk along the water’s edge.

To bring live music to the park, Sparkman Wharf has partnered with Gasparilla Music Festival to program it as a bandstage, celebrating local artists who are making their mark on this community and beyond. Be sure to check SparkmanWharf.com for information on upcoming musical events.

A substantial 9.5-foot by 17-foot LED screen will showcase a range of programming, including TED talks,

Tampa Bay Lightning games and other local sports teams, and movies on the lawn at dusk.

The Dining Garden: Go al fresco.

Tucked under large shade trees, the intimate dining garden will feature ten of Tampa’s best chefs and restaurateurs. While the chefs and restauranteurs are well-known in the Tampa Bay community, they will be experimenting with new street-food concepts and menus not found anywhere else in the area. 

Each culinary concept will be housed in a repurposed shipping container wrapped with visually engaging murals inspired by the Florida habitat, painted by local design firm, Pep Rally.

Sparkman Wharf is pleased to announce the first two of ten concepts in the dining garden: Foundation Coffee, a well-known area coffee purveyor, and Whatever Pops, whose popsicles and other cold treats will be perfect to enjoy on the lawn and along the Riverwalk.

“Foundation Coffee is incredibly excited and proud to be a part of Sparkman Wharf. It’s refreshing and inspiring to work alongside great minds with confidence that the goal is to not only support local businesses but to also connect the entire Tampa community in a one-of-a-kind atmosphere. That aspect alone is why we are committed to this project and believe in its unlimited potential and future,” said Jason Smith, owner of Foundation Coffee. Learn more about @foundationcoffeeco on Instagram and Facebook.

“We are beyond excited to be part of Sparkman Wharf. Truly, we are happy-dancing in our kitchen! Whatever Pops is all about cheerful foods that are thoughtfully prepared, and celebrating our home, the city of Tampa!” said Steve McGlocklin, owner of Whatever Pops. For more on the coolest popsicles in Tampa Bay, find @whateverpops on Instagram and Facebook.

Details about the eight remaining concepts will be shared in the coming weeks.

The Biergarten: Offering shade and summer shandies, all year-long.

Fermented Reality, an open-air biergarten, is planned to become a destination for a waterside draft. With over 30 taps emphasizing Florida craft beer — wine, ice tea and natural soda will also be available.

Fermented Reality will be run Joel Bigham and Daniel K. Charley.

“We are students of our trade and take great pride in learning as much as we can about craft beer and passing that along to our customers. Everyone desires to be part of something bigger than themselves, and the vision for Sparkman Wharf combined with Tampa’s top culinary talent made this project hard to resist being a part of. My partner, Dan Charley, and I feel honored to be part of this exciting time,” says Joel
Bigham, founder of Fermented Reality. Stay tuned with what’s on tap by following @frbiergarten on Instagram and Facebook.

Situated adjacent to the lawn and dining garden, a 3,000-square foot covered bar will provide an intimate space to sit in the shade and enjoy a drink with flexible seating, outdoor televisions, and a cooling mister system.

Office Space: Work works better on the waterfront.

The existing building is being transformed into loft-like office space. The re-imagined light-filled offices with up to 40-foot ceiling heights will overlook the water and feature private outdoor terraces exclusive for the office tenants’ use. The office space is unlike any other in Tampa and is being specifically targeted to creative and innovation-oriented tenants, who often seek this type of unique space. 

Beginning this Winter, the existing Mediterranean style façade will be completely updated to a more industrially-inspired exterior. A new two-story office lobby will be located mid-block along Channelside Drive, providing a new identity and centralized, direct access to the office space.

With approximately 180,000 square feet of rentable office space, Sparkman Wharf is the next chapter in the world of work downtown. Construction has already begun on the office space and will continue through 2019, bringing new energy and new tenants to this iconic location.

Franklin Street is handling the office leasing at Sparkman Wharf. To connect with the leasing team, please visit SparkmanWharf.com.

Sparkman: The game-changing legacy.

Sparkman Wharf is named after Stephen Sparkman, one of Tampa’s original movers and shakers. A true disruptor in every sense of the word, he brought innovation and transformation that pushed the boundaries of what was being done in the city at the time.

As the region’s first congressman, Sparkman secured the federal funding to dig the deep-water channels to downtown, creating Port Tampa Bay and allowing larger ships to come closer to downtown and historic Ybor City.

With its physical wharf, Sparkman Wharf draws on the area’s industrial and maritime history and the complex’s proximity to the waterfront.

Stephen Sparkman forever changed the economic and physical landscape of downtown Tampa. In his legacy, Sparkman Wharf celebrates the disruptors, the people who do things differently and push our city forward.

About Sparkman Wharf:
Sparkman Wharf features approximately 180,000 square feet of reimagined, spacious loft-style office space, 65,000 square feet of ground-level retail, and a one- acre dynamic park-like environment, which will feature an intimate dining garden, biergarten, and lawn for recreation, situated in a relaxed, outdoor setting along the Garrison Channel in downtown Tampa. The dining garden will feature ten of Tampa’s best restauranteurs and chefs experimenting with new culinary concepts. Sparkman Wharf is owned and operated by Strategic Property Partners, LLC, the partnership between Cascade Investment LLC, and Jeff Vinik. SPP is a full-service commercial real estate development firm based in Tampa, Florida. Feel the spark? Learn more about Sparkman Wharf at SparkmanWharf.com and follow @SparkmanWharf on Instagram, Facebook, and Twitter. 

Categories
Uncategorized

Miami Multifamily Building Trades for $1.7 Million

Excerpted from Daily Business Review story.

Address: 629 SW 10th Ave. in Miami
Property type: This is a 9,610-square-foot, three-story multifamily building with 12 units. It was constructed in 1925.

Price: $1,675,000
Price per unit: $139,583

Seller: 629 SW 10th Avenue LLC

Buyer: Jasray LLC
Past sale: $1,260,000 in January 2016

Note: Franklin Street arranged the sale of Havana Gardens Apartments, a 12-unit rental community in Miami, Florida.  The property is located on 629 SW 10th Avenue in Miami’s Little Havana submarket.  

For full story, visit https://www.law.com/dailybusinessreview/2018/07/31/miami-multifamily-building-trades-for-1-7-million/

Categories
Uncategorized

Franklin Street, CBRE Arrange $23.2 Million Sale of Magnolia Shoppes in South Florida

Excerpted from Shopping Center Business story.

Coral Springs, Fla. — Franklin Street and CBRE have arranged the $23.2 million sale of Magnolia Shoppes, a 114,118-square-foot shopping center in the South Florida community of Coral Springs.

Bryan Belk and John Tennant of Franklin Street arranged the transaction on behalf of the buyer, a private investor from Lexington, Kentucky. Casey Rosen and Dennis Carson of CBRE represented the seller, Regency Centers. In addition, Franklin Street arranged a $15.5 million acquisition loan through Citibank on behalf of the buyer. A recently renovated Regal Cinemas anchors Magnolia Shoppes, which was fully leased at the time of sale. Additional tenants include Dollar Tree, Ben & Jerry’s, Broward Health, Creative Child Learning Center, H&R Block and W Salon & Spa.

For full story, visit http://www.shoppingcenterbusiness.com/the-latest-news/franklin-street-cbre-arrange-23-2-million-sale-of-magnolia-shoppes-in-south-florida

Categories
Uncategorized

Real Estate Moguls On The Move – Alex Wright

Excerpted from Law.com story.

Franklin Street has brought on board a new senior director for its retail landlord services division. Alex Wright joins Franklin Street from DDR Corp., where he was a leasing director. Wright previously worked at Franklin Street as a director of retail tenant services, and in his newest role at the firm he will focus on retail deals in the West Florida area.

For full story, visit https://www.law360.com/articles/1059204/real-estate-moguls-on-the-move

Categories
Uncategorized

Q&A with Monetha Cobb, Managing Director, Franklin Street of Atlanta

BEGINNINGS
Where did you start your real estate career? 
I “unofficially” started my career in the conference room of the original New Market office when I was just 13 years old.  While I was in middle school, I would come to the “big city” from my small, rural Georgia town and spend several weeks with my sister who was a lease administrator at New Market.  She would take me to work with her and I would do anything/everything from labeling marketing flyers to collating construction documents and assembling marketing packages.

CAREER
Name one person that has been influential in your career. 
My mother has been the most influential person in my career.  I didn’t realize her impact until much later in life, but she was a loving mother of six, a successful entrepreneur with multiple businesses, an excellent homemaker and an active member in our community.  She did it all—an amazing role model.

What is your biggest accomplishment to date?  My biggest accomplishment to date is growing a Retail Tenant Representation division from scratch for Franklin Street.  Within eight years, we’ve grown from 10 retailer clients to more than 50 who are served by a committed team of 15 professionals in five different offices throughout the Southeast.  The best part is that we are still growing and have unlimited potential.

What tools or resources do you engage to help you grow as a professional?  CREW Atlanta has been a tremendous resource for my professional growth.  From the leadership program to networking and committee leadership to board positions, CREW offers so many growth opportunities.  It has enhanced my passion and sharpened my skills as a “connector”.  I have met so many new people and really enjoy connecting them to others within my network.

COMPANY
How did you land at Franklin Street?
  A personal friend, Mac McCall, opened the Atlanta office for Franklin Street and invited me to launch a retail tenant rep division and join him for a great adventure of growing a national commercial real estate firm.

What is Franklin Street’s primary business focus? Franklin Street has multiple business lines to serve the needs of our broad spectrum of real estate clients.  Our business lines include:  Retail Tenant Services, Landlord Services, Capital, Insurance, Property Management, Project Management and Investment Sales.

Describe your job.  My primary day-to-day responsibilities include overseeing Franklin Street’s Retail Tenant Services (RTS) division, which consists of producers in five different offices.  I also lead the Atlanta RTS team and sit on the Franklin Street Board of Directors.

Share a bit of insight into the company’s culture.  Our leadership team has worked very hard to cultivate an open-door environment that encourages collaboration across all service lines and offices. Collaboration, Integrity, Hard Work and Accountability are the founding core values that the firm was built upon, and they are still the values we operate by each day.

Franklin Street has grown steadily over the past several years and has hired several new associates.  What characteristics do you look for in a potential employee?  We look for people who are enthusiastic about being a part of collaborative company that has a very ambitious growth strategy.  At every level of the organization, we need proactive thinkers and problem solvers who are willing to pitch-in when other team members need support.

What is on the firm’s horizon in 2018?  My division, Retail Tenant Services, just rolled-out an initiative called “Retailer 360,” which is targeted exclusively to retail occupiers who are in a growth mode.  Our goal is to serve as a de-facto real estate department for these companies so they can focus on their core business. 

TALENT
Are you currently looking for talent?
  If so, what position & what skills are important for that position?  We are always looking for top talent.  Currently, we are seeking quality producers in various departments throughout the company.  Once those producers are engaged, we’ll need strong support staff as well.

Do you conduct most interviews in person or over the phone or video?  What do you look/listen for during the interview? We conduct first interviews on the phone and then follow-up with an in-person interview.  I expect a candidate to research our firm and ask relevant, company-specific questions.

Do you review social media profiles of candidates?  If so, have you ever ruled out a candidate based on their online profile?  Yes and yes.

What advice would you give someone who is just entering the CRE industry? I would advise a person new to retail real estate to meet with lots of people in a variety of disciplines in our industry.

What general comments can you say about the talent within the CRE industry? Recently, I’ve seen a large influx of people ranging from 22-32-years old who appear to be hungry for deal-making. CRE is attracting quality talent right now.

How does Poline Associates support your talent needs?  Poline knows the shopping center industry and has taken the time to understand our business and our culture so they can accommodate our specific needs.  They are incredibly well-connected within the retail arena so they know how and when to connect with our ideal candidate.

FUN FACTS:
How do you spend your free time? 
Enjoying life with my family.  Traveling and playing golf.
Favorite restaurant? Miller Union
Favorite drink?  Margaritas, although I don’t drink them often enough!
Best vacation you have ever taken? My 40th birthday trip was amazing!  Argentina with girlfriends and Uruguay with my husband.
What keeps you up at night?  My dogs, furr real….
Where is once place you’d like to go, but have never been?  Peru

For full story, visit https://polineassociates.com/connections-qa-monetha-cobb-managing-director-franklin-street-atlanta/

Categories
Uncategorized

Milani Property buys former Hav-A-Tampa site for $4.7m

Milani Property bought the former home of the Hav-A-Tampa cigar company for $4.7m. The property development company paid just over $38 per sq ft for the 123,044 sq ft industrial building. The facility was built in 1981 on a 7.6-acre site in East Tampa. Franklin Street brokered the sale on behalf of the seller, Bisk Education Inc. “Tampa has a lack of quality industrial space available, and as a result, we received robust interest from users, investors and developers,” said Chris Butler, managing director of office and industrial at Franklin Street. “Franklin Street was able to find a buyer and close the transaction just six months after listing the property.”

For full story, visit http://encompassme.com/en/milani-property-buys-former-hav-a-tampa-site-for-4-7m/post.html

Categories
Uncategorized

Office space in Water Street’s Sparkman Wharf is under construction at a pivotal point for the downtown Tampa market

Excerpted from Tampa Bay Business Journal story.

Chad Rupp hasn’t finalized the formal marketing materials for the office space in Sparkman Wharf, but there’s already so much interest in the property that he wishes he had “double” the 180,000 square feet to lease.

“I’ve had tremendous interest, even though we’re doing soft marketing at this point,” said Rupp, managing director of office and industrial services at Franklin Street.

Rupp is overseeing the office leasing at Sparkman Wharf — known previously as Channelside Bay Plaza — for Strategic Property Partners. SPP on Thursday unveiled redevelopment plans for the property that include not only office space but also 65,000 square feet of retail space, a dining garden and a biergarten.

For full story, visit https://www.bizjournals.com/tampabay/news/2018/07/27/office-space-in-water-streets-sparkman-wharf-is.html

Categories
Uncategorized

Franklin Street Named a Top South Florida Commercial Real Estate Firm

Franklin Street was named as a top 25 commercial real estate brokerage by the South Florida Business Journal. 

Ranked by Sum dollar volume sales/leases in 2017.

Information was obtained from the brokerages’ representatives. South Florida includes the following metro areas: Miami, Fort Lauderdale, and Palm Beach.

Franklin Street – #23

Address:
900 S. Pine Island Road Suite 310
Plantation, FL 33324
954-640-1100
franklinst.com

Sum dollar volume sales/leases:
$35.34 million

Dollar volume of square feet sold:
$24.77 million

Dollar volume of square feet leased:
$10.57 million

Sum square feet sold/leased:
255,513 square feet

Square feet sold:
202,789 square feet

Square feet leased:
52,724 square feet

Top Executive: 
Greg Matus, Senior Vice President

For full rankings, visit https://www.bizjournals.com/southflorida/subscriber-only/2018/07/27/commercial-real-estate-brokerages.html

 
Categories
Uncategorized

Channelside Bay Plaza to be reborn as Sparkman Wharf

Excerpted from Tampa Bay Business Journal story.

Strategic Property Partners is handling the retail leasing of Sparkman Wharf internally. Franklin Street, which has managed the property since 2014, is overseeing the office leasing.

For full story, visit https://www.bizjournals.com/tampabay/news/2018/07/26/channelside-bay-plaza-to-be-reborn-as-sparkman.html

Categories
Uncategorized

New downtown Orlando eateries to tap into ‘key corner’ for retailers

Excerpted from Orlando Business Journal story on 20 N. Orange in downtown Orlando.

Beyond retail, Orlando-based airline software firm Radixx International Inc. will open a roughly 15,000-square-foot office on the ground floor facing Central Boulevard in early 2019, as previously reported by Orlando Business Journal. The 270,000-square-foot tower is about 90 percent occupied.

Yvonne Baker, regional managing partner with Franklin Street, serves as the building’s office leasing representative.

For full story, visit https://www.bizjournals.com/orlando/news/2018/07/25/new-downtown-orlando-eateries-to-tap-into-key.html