Retail Property sells for $5.8M in Fort Lauderdale

March 27, 2015

Greg Matus and Peter Crane of Franklin Street Real Estate Services represented the buyer, Pinecrest AP, a private real estate investor based in the Northeast in the transaction.

Luxury Retail Keeps Winning in South Florida

“Multi-tenant, unanchored retail centers are in high demand right now from investors,” Franklin Street’s regional managing partner Greg Matus, tells GlobeSt.com. “The cost of capital is very competitive and retail rents are on the rise in South Florida creating ideal conditions for trading activity.”

Franklin Street Sells Fort Lauderdale Retail Plaza for $5.7 Million

Fort Lauderdale, Fla. — Franklin Street has completed the sale of a neighborhood shopping center for $5.7 million.

EXCLUSIVE: The X Factor Driving Multifamily Investment

Rising tenant demand and declining vacancy are doing away with any fear of multifamily overbuilding in Atlanta. Indeed, with performance improving, the competition is heating up for multifamily investors in the metro.

Franklin Street Sells Fort Lauderdale Retail Plaza for $5.78 Million

Just days after announcing the sale of two Fort Lauderdale retail properties, Franklin Street has completed the sale of another neighborhood shopping center for $5.783 million in the city.