Franklin Street Arranges $7.4M Sale of Metro Miami Office Building

March 27, 2015

Franklin Street Real Estate Services has brokered the $7.4 million sale of a single-tenant office building at 9480 S. Dixie Highway in the Village of Pinecrest, a suburb of Miami. The property is fully leased to Intermex Wire Transfer, which recently signed a seven-year lease extension. Deme Mekras, Elliot Shainberg and David Reinke of Franklin Street represented the buyer, Miami Har LLC, in the transaction. The seller, ATS Intermex LLC, owned the property for a little less than a decade.

Jax Retail Sells at 11% Cap Rate

Blanding Boulevard Shopping Center sold for $300,000 or $60.35 per square foot, at a 10.97% cap rate. Estephan’s Grands bought the Jacksonville, FL retail asset from West East Properties in an all-cash deal.

Tampa Bay 2014 Fast 50

Franklin Street-Tampa Bay Business Journal’s 50 Fastest Growing Companies

Done Deals: Apartments in Dunedin, office in Tampa and Sun City Center

Windemere Apartments in Dunedin fetched $10 million in a sale. Robert Goldfinger, Darron Kattan, Kevin Kelleher and Zach Ames of Franklin Street represented both sides in the transaction. Windemere Ltd., which has owned the property since 1977, sold it to Dunedin LLC, based in Chicago.

Civil Rights Museum Nabs CREW Award

Movers and shakers associated with the new National Center for Civil and Human Rights—opening on June 23—earned CREW’s annual economic and community development award last week.