Shopping Center Business: North Florida Retail Demand Remains High, But Headwinds Could Temper Enthusiasm

May 18, 2023

North Florida has been a hotbed of retail activity that hasn’t shown signs of slowing, according to Carrie Smith, senior vice president of retail at Franklin Street in Jacksonville, Fla. “Retail is nothing short of being red hot,” she says. “It’s probably in the most aggressive dealmaking mode since I’ve been in business. The deal…

Jacksonville Business Journal: Reports: Jacksonville looking to build on strong Q1 retail performance

A pair of brokerages evaluating the Jacksonville retail scene reported strong growth due to migration despite a potential decrease in capital because of the general economic situation. … Franklin Street reported a vacancy rate of 10% with rent per square foot at $17.82. The report cited Jacksonville’s market as a gateway metro for Florida with…

BLDUP: Franklin Street Arranges $14.2M Sale of 96K-SF Multi-Tenant Office Building in Tampa

Florida-based Balogh Company has acquired its second office building in Westshore. Franklin Street has arranged the sale of One President’s Plaza, a 96,376-square-foot, multi-tenant Class B office building in Tampa, Florida, for $14.25 million, equating to $148.86 per square foot. Franklin Street’s Office & Industrial Services Team of Kyle Chaikin and Ryan McCurdy represented the buyer, Florida-based Balogh Company Inc,…

Atlanta Business Chronicle: Johns Creek lands well-known Atlanta restaurants for future town center

May 17, 2023

A future town center in Johns Creek is convincing well-known Atlanta restaurants to enter the suburbs for the first time. Toro. Development Co. has announced the first batch of restaurants and retailers planned at Medley, which is rising on top of a former office park in one of the most affluent and diverse communities in…

Franklin Street Arranges $14.2M Sale of 96K-SF Multi-Tenant Office Building in Tampa

Florida-based Balogh Company has acquired its second office building in Westshore TAMPA, FL (May 17, 2023) – Franklin Street has arranged the sale of One President’s Plaza, a 96,376-square-foot, multi-tenant Class B office building in Tampa, Florida, for $14.25 million, equating to $148.86 per square foot. Franklin Street’s Office & Industrial Services Team of Kyle…