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
March 27, 2015
MIAMI—Multifamily investors in South Florida used to scoop up properties left and right, but the deals are getting harder to come by. So says Deme Mekras, regional managing partner at Franklin Street Real Estate Services.
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Investors hunt for product attracting higher-income renters
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“Central Florida has experienced year-over-year rent growth since 2009, but that’s not sustainable in the future. We don’t expect to see a huge drop-off like during the recession, but we could definitely see it stall,” said Andrew Wright, CEO and managing partner of Franklin Street.
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The Canterbury Oaks Apartments, at 2025 Rogers St., have been sold to a new owner that intends to upgrade the complex.
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As Account Manager, Siefkes supports Franklin Street Insurance clients and producers.
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Connie Selcis
Director of Marketing
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