Why Industrial Deals Are Still Tough in Jax

March 27, 2015

JACKSONVILLE, FL—With more than 20 years of experience in commercial real estate, Monte Merritt has seen plenty of ups and downs in the industrial market. With all signs pointing to growth, we caught up with the senior director of the firm’s Jacksonville office to get his take on industrial leasing strategies in part one of this two-part exclusive interview.

Franklin Street Brokers 5.6M Sale of Freestanding AT&T, Denny’s

A freestanding, 9,200-square-foot property housing AT&T and Denny’s in metro Charlotte sold for $5.6 million.

Why Retail Development is Hot

TAMPA, FL—Redevelopments are taking over the Tampa Bay area, with several shopping centers either beginning or wrapping up projects this year. From strip centers to malls, all kinds of retail properties are being redeveloped, but the lion’s share of activity is focused on non-performing assets located in key corridors. So says Brian Bern, a senior director at Franklin Street.

AT&T, Denny’s Sale Shows Investor Hunger

CHARLOTTE—Demonstrating a continued hunger for triple net leased building transactions, a freestanding Denny’s and AT&T has traded hands. The 9,200-square-foot building sold for $5.6 million, or $603 per square foot.

Exclusive: Franklin Street marketing South Jacksonville retail land for development

The housing growth in St. Johns County has led a national retail developer to resurrect a development put on hold by the recession.