Ask the Expert: In Today’s Current COVID-19 Environment, Do You Hold or Do You Sell Your Retail Asset?

July 31, 2020

Ask the Expert: In today’s current COVID-19 environment, do you hold or do you sell your retail asset? It depends on the retail asset class. Single Tenant (NNN) net lease asset cap rates will continue to hold and for certain tenants you could see further cap rate compression. If you have a credit tenant with several…

Franklin Street Brokers $5.088M Sale of Royal Village in Tampa, FL

July 23, 2020

Franklin Street has brokered the sale of Royal Village, a 68-unit apartment community located in the city of Tampa, Florida. Franklin Street’s Tampa multifamily investment sales team, Avery Jordan, Kevin Kelleher, Zach Ames, Darron Kattan & Mark Savarese represented the seller, Villa Amor, LLC and the buyer, Dreamstone Investments, in the $5,088,000 transaction. The buyer…

Mixed-use Project to Rise Near Parramore

Excerpted from Orlando Business JournalA new project featuring retail, residential and hotel uses may rise along Colonial Drive and west of Interstate 4 near downtown Orlando.  Office, entertainment and residential developments in Parramore will spur more demand for retail in the area, said Terrence Hart, senior director at Franklin Street of Orlando, who handles retail leasing and is…

Franklin Street Brokers $1.25M Sale of Park Place Apartments in Clearwater FL

July 16, 2020

Franklin Street Brokers $1.25 M Sale of Park Place Apartments in Clearwater FL Tampa, FL (July 2, 2020) – Franklin Street has brokered the sale of Park Place Apartments, a 14-unit apartment community located in the city of Clearwater, Florida. Franklin Street’s Tampa multifamily investment sales team, Avery Jordan, Mark Savarese, Darron Kattan and Zach Ames represented the seller, 600 Park Place,…

Franklin Street Arranges $12.4M Financing for Medical Facility

Franklin Street Arranges $12.4M Financing for Medical Facility in Baton Rouge Excerpted from REBusiness Online BATON ROUGE, LA. — Franklin Street has arranged the $12.4 million acquisition and renovation financing for Physicians Medical Center, a 76,370-square-foot medical office and hospital campus in Baton Rouge. The three-story facility features a hospital on the first floor and…