Buyer lists real estate firm’s bundling of specialized services as big reason for purchasing
Franklin Street, a full-service, vertically integrated commercial real estate firm, brokered the sale of a 35,720-square-foot office building situated at 12905 SW 42nd Street in Miami, Florida. 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.
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.