Franklin Street Brokers Sale of Family Dollar in Atlanta

March 27, 2015

Franklin Street Real Estate Services has arranged the sale of a new freestanding Family Dollar in southwest Atlanta in an all-cash, 1031 tax-deferred exchange. Family Dollar has a new 10-year lease at the store, located at 5403 Old National Highway three miles from Hartsfield Jackson Airport. Mac McCall and Bryan Belk of Franklin Street represented the seller, a local developer, in the transaction. The buyer is based in California.

CRE Community Relieved Tapering Watch Is Over

WASHINGTON, DC-The commercial real estate industry knew the Federal Reserve Bank was going to end its $85 billion-a-month bond buying program sooner or later. The reaction of the markets in spring when the Fed said the time was nigh, though, left many anxious at how it would be handled and whether the economy was strong enough to absorb it.

Midtown Atlanta’s Ponce DeLeon Hotel Trades

Nazar Properties, LLC has snapped up The Ponce DeLeon Hotel, a 58-room, 18,500-square-foot extended-stay hotel in Atlanta. Financial terms of the deal were not disclosed.

Franklin Street Brokers Sale of Ponce Deleon Hotel

ATLANTA — Franklin Street Real Estate Services has arranged the sale of the Ponce DeLeon Hotel, a 58-room, extended-stay hotel at 551 Ponce De Leon Ave. in Atlanta. The hotel is located just east of the new Ponce City Market and is within walking distance to Atlanta’s Midtown, Virginia Highland and Old Fourth Ward neighborhoods. Nazar Properties LLC purchased the 18,500-square-foot asset for an undisclosed amount. Jake Reid of Franklin Street represented the seller, an Atlanta-based family that owned the hotel for 60 years.

A Little Less Boom in ’14

These are boom times for South Florida multifamily, but what next? Franklin Street regional managing partner Deme Mekras tells us the ride isn’t over yet. But it might be a little slower and just a bit bumpier in ’14. (So less of a boom and more of middling rumble.)