Medical Park Station Sold for $11 Million Amid Rising Demand for Convenience Retail
Madison, AL – Franklin Street is pleased to announce the successful sale of Medical Park Station for $11 million, representing a significant milestone in the
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Madison, AL – Franklin Street is pleased to announce the successful sale of Medical Park Station for $11 million, representing a significant milestone in the
November 19, 2015
Franklin Street is expanding its multifamily investment sales division by adding James Reed as senior director. He will be based in the commercial real estate company’s Jacksonville office.
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“The biggest trend we are seeing is that specialty grocers are being the catalyst for new in-town developments in major cities across the Southeast,” said senior director Bryan Belk.
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“Because of the high demand for multi-tenant strip centers, we were able to get a price per square foot for the center that was slightly higher than previous sales in the area,” Belk said.
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Bryan Belk and John Tennant of Franklin Street represented the seller, Alpha Opportunity Fund I LLC, in the transaction.
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Franklin Street has brokered the $2.5 million sale of Eagle Village, a 21,800-square-foot shopping center located at 600 Eagles Landing Parkway in Stockbridge, roughly 20 miles south of Atlanta.
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