Specialty: Investment Sales
Franklin Street Sells Fort Lauderdale Retail Plaza for $5.7 Million
Fort Lauderdale, Fla. — Franklin Street has completed the sale of a neighborhood shopping center for $5.7 million.
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"Multi-tenant, unanchored retail centers are in high demand right now from investors," Franklin Street’s regional managing partner Greg Matus, tells GlobeSt.com. "The cost of capital is very competitive and retail...
Learn MoreRetail Property sells for $5.8M in Fort Lauderdale
Greg Matus and Peter Crane of Franklin Street Real Estate Services represented the buyer, Pinecrest AP, a private real estate investor based in the Northeast in the transaction.
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"There's significant investor demand for multitenant, unanchored retail centers in South Florida," Franklin Street's Greg Matus said in a statement. "Rising rents and the low cost of capital are driving...
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