MIAMI—Franklin Street is beefing up its Miami retail team.The commercial real estate firm just hired Robert Granda as director of retail investment sales for the South Florida market.
Granda will join forces with Franklin Street’s Greg Matus, regional managing partner in South Florida, and retail investment associate, Peter Crane. He will also assist in building the team by recruiting retail brokers for the firm and focus on the acquisition and disposition of multi-tenant and single-tenant retail properties throughout South Florida.
“We are thrilled to have a person of Robert’s caliber on our team, especially at a time when the South Florida retail market is on fire,” says Matus. “He comes to us with significant experience and a great personal brand in the market. We are excited about the continued growth of the firm and will be announcing some other new-hires very soon.”
Granda comes to Franklin from Marcus & Millichap, where he served as associate director for the firm’s National Retail Group. During his M&M tenure, he specialized in advisory services and transactional leadership, with a concentration in non-anchored shopping centers and single-tenant retail properties.
“Demand still exceeds supply for multi-tenant retail product across all of South Florida,” Granda tells GlobeSt.com. “Due to the lack of inventory, sellers are achieving pre-recession, top-of-the-market pricing for class A, well-located centers and continuing to experience cap rate compression.”
Before entering commercial real estate in 2010, Granda worked in the financial services industry as a licensed financial specialist and associate vice president for Wachovia Bank.
Granda graduated from Florida Atlantic University with a Bachelor of Science degree in Finance and received an M.B.A. from Nova Southeastern University’s Huizenga School of Business.