The latest insights from franklin street experts
New Ownership Promises Exciting Opportunities for Development and Community Growth Franklin Street is excited to announce a major achievement in the multifamily real estate sector
August 9, 2022
McMillin brings extensive experience managing leasing portfolios for several of the nation’s leading retail owners TAMPA, FL (August 9, 2022) – Franklin Street continues to expand its retail leasing platform in the Tampa Bay market with the addition of Heather McMillin, who will specialize in retail landlord representation as Senior Director. With senior level experience…
Learn MoreAugust 8, 2022
SITE Centers has completed its $8.4-million ($412 per square foot) acquisition of Parkwood Shops, a 20,397-square-foot retail strip center in Atlanta, GA. The 100% occupied property on Powers Ferry Road is anchored by CVS Pharmacy. Bryan Belk and John Tennant of Franklin Street represented the seller, Ronus Properties, in the transaction. “While investors today are revising their strategies in…
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Vacancy rates for U.S. retail real estate dropped 50 basis points over the course of 2021 to end the year at 4.6 percent, according to JLL. This has allowed landlords to push rents by 3 percent over the course of last year. Len Erickson, senior director at Franklin Street, says that there’s something of a…
Learn MoreAugust 4, 2022
Topaz Capital Group acquired the 100% occupied property in Melbourne Melbourne, FL (August 1, 2022) – Franklin Street has arranged the sale of Paradise Cay Apartments, a 197-unit, 216,466-rentable-square-foot multifamily property in Melbourne, Florida, for $34 million, or $172, 588 per unit. Franklin Street’s Tampa Multifamily Investment Sales Team of Darron Kattan, Zachary Ames, Avery…
Learn MoreAugust 2, 2022
Atlanta — Franklin Street has arranged the $8.4 million sale of Parkwood Shops, a 20,397-square-foot retail strip center located in Atlanta. The property is situated on 2.1 acres at 2014 SE Powers Ferry Road in Atlanta’s Cumberland neighborhood. CVS/pharmacy anchors the center, which was fully leased at the time of sale to tenants including Boston Market,…
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