Just a month after expanding into the Orlando market, Franklin Street has landed a large institutional investor client in the region.
Starwood Capital has tapped Franklin Street to manage three Class A office properties: two in Orlando and one in Tampa’s Westshore district.
“We are hopeful this is the beginning of a long-term relationship,” said said Kurt Keaton, regional managing director of the Orlando office.
The three-building portfolio totals 567,690 square feet and includes:
– Tampa Commons, a multi-tenant building at 1 N. Dale Mabry in Tampa, 253,922 square feet
– Quadrangle, a single-tenant net lease property at 11950 Corporate Blvd. in Orlando, 226,548 square feet
– Baldwin Point, a multi-tenant building at 2420 Lakemont Ave. in Orlando, 164,766 square feet
Franklin Street hired a senior-level executive and four property managers/building engineers to service the new Starwood business. Traci Konowal, a former vice president at JLL with more than 14 years of experience, was hired as general manager to oversee the Orlando properties. Julie Palmer-Nicholson, a director of office and industrial services based in Tampa, will oversee Starwood’s Tampa building.
Franklin Street opened its Orlando office in early May as part of a strategy to be a statewide firm. Keaton said he expects to make some other announcements regarding new business and new hires in the coming weeks.
The company is based in Tampa, with offices in Orlando, Fort Lauderdale, Miami, Jacksonville and Atlanta.