Franklin Street Arranges Sale of Jacksonville Shopping Center

March 27, 2015

Franklin Street Real Estate Services has arranged the $1.1 million sale of Lem Turner Shopping Center, a Walmart- and The Home Depot- anchored shopping center located at 3200 Armsdale Road in northwest Jacksonville. Jonathan Graber, Rafeal Wright and Nicolas Prevolos of Franklin Street Real Estate Services represented the seller, a national investment firm based in the Midwest, in the transaction. The buyer, also a national investment firm based in the Midwest, plans to make capital improvements to the property, which is currently 50 percent leased.

Briefcase: Franklin Street Real Estate Services

Franklin Street Real Estate Services managed the $7.4 million purchase of a single-tenant office building at 9480 S. Dixie Highway in Pinecrest for Miami Har. www.franklinst.com

People on the Move: Darlene Burgess

Darlene Burgess

Date added: June 27, 2014

Submission Type: New Hire

Current employer: Franklin Street

Current title/position: Administrative Support Associate

Industry: Commercial Real Estate

Position level: Administrative Professional

Commercial real estate market sees more steady improvement

The commercial real estate market in Atlanta continues steady improvement in the first half of 2014.

Done Deals: Retail in Largo, dirt in Lutz, multifamily in Winter Haven

East Bay Plaza, at U.S. Highway 19 and East Bay Drive in Largo, has changed hands for $2.95 million. Jonathan Graber and Rafeal Wright of Franklin Street represented the seller, East Bay Plaza Integra, in an all-cash deal with the buyer, Warner Enterprises LLC of California.