Jax Daily Record: Gyms, grocers among tenants checking out Stein Mart stores

August 20, 2020

“Big picturewise, it’s great real estate,” said Carrie Smith, managing director of the Franklin Street real estate company. Stein Mart leases from 30,000 to 46,000 square feet of anchor box space at six properties. “They are all well-positioned,” Smith said. “We feel bad for Stein Mart, but we’ve had tenants who have expressed interest in…

Franklin Street Brokers $1.35 M Sale of Hollywood & Via Del Rio in Tampa, FL

August 19, 2020

Tampa, FL (July 20, 2020) – Franklin Street has brokered the sale of Hollywood & Via Del Rio, an 11-unit apartment community located in the city of Tampa, Florida. Franklin Street’s Tampa multifamily investment sales team, Avery Jordan, Zach Ames, Mark Savarese, and Darron Kattan represented the seller, Southern FL 46, LLC in the $1,350,000…

Franklin Street Brokers $2.5 M Sale of Gandy Parkside in Tampa, FL

Tampa, FL (July 20, 2020) – Franklin Street has brokered the sale of Gandy Parkside, a 16-unit apartment community located in the city of Tampa, Florida. Franklin Street’s Tampa multifamily investment sales team, Avery Jordan, Mark Savarese, Zach Ames and Darron Kattan represented the seller, Parkside Property Management, LLC and the buyer, Palm Street Capital,…

Franklin Street Negotiates Lease Renewal for Liberty Mutual in Tampa, FL

August 13, 2020

Global insurer to remain in Tampa’s Temple Terrace submarket Tampa, FL. (August 4, 2020) Franklin Street has negotiated a 20,774-square-foot office lease renewal for Liberty Mutual, a Boston-based global insurer, at 12906 Tampa Oaks Blvd in the Temple Terrace submarket of Tampa.  Liberty Mutual signed a long-term lease to occupy the space at Tampa Oaks II, a Class A suburban multitenant office. Franklin Street’s Chad Rupp, Managing…

Ask the Expert: In Today’s Current COVID-19 Environment, Do You Hold or Do You Sell Your Retail Asset?

July 31, 2020

Ask the Expert: In today’s current COVID-19 environment, do you hold or do you sell your retail asset? It depends on the retail asset class. Single Tenant (NNN) net lease asset cap rates will continue to hold and for certain tenants you could see further cap rate compression. If you have a credit tenant with several…