Excerpted from CoStar story.
The Franklin Street brokerage has added industrial sales and leasing in Orlando, Florida, in response to the area’s emergence as a hotbed for warehouses and distribution space stemming from high personal consumption from tourists.
Larry Kahn has been named senior director of Franklin Street’s regional division and Scott Edwards was hired as senior associate for industrial services. They will handle landlord and tenant services and site selection throughout the region, the firm announced. Kahn was a director and national leader at Cushman & Wakefield, specializing in rail-served industrial properties. Edwards served as regional sales manager for Dackor Designs, a national manufacturer and distributor of laminates.
Besides Orlando, Franklin Street has offices in Jacksonville, Miami, Fort Lauderdale, Tampa and Atlanta. The firm’s Tampa headquarters is the only other Franklin Street office that provides industrial services, but Kahn said the firm will soon offer industrial services in Jacksonville.
Central Florida is fast becoming a major industrial market, thanks primarily to a growing population along Interstate 4, a highway that runs west-to-east across Central Florida, from Tampa to Daytona Beach. The I-4 corridor now has 8.5 million residents, Kahn explained in an interview.
Orlando’s strong population and job growth numbers, among the best in the United States, are fueling the region’s industrial market , according to Brian Alford, an analyst for CoStar Market Analytics .
“Orlando also receives a significant boost to demand and consumption levels from its tourism industry, the largest in the nation,” Alford wrote in an email. “The region continues to post record-setting visitor counts.”
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