Franklin Street Arranges $34M Sale of Value-Add Multifamily Property on Florida’s East Coast

August 4, 2022

Topaz Capital Group acquired the 100% occupied property in Melbourne Melbourne, FL (August 1, 2022) – Franklin Street has arranged the sale of Paradise Cay Apartments, a 197-unit, 216,466-rentable-square-foot multifamily property in Melbourne, Florida, for $34 million, or $172, 588 per unit. Franklin Street’s Tampa Multifamily Investment Sales Team of Darron Kattan, Zachary Ames, Avery…

Shopping Center Business: Franklin Street Arranges $8.4 Million Sale of CVS-Anchored Retail Center in Atlanta

August 2, 2022

Atlanta — Franklin Street has arranged the $8.4 million sale of Parkwood Shops, a 20,397-square-foot retail strip center located in Atlanta. The property is situated on 2.1 acres at 2014 SE Powers Ferry Road in Atlanta’s Cumberland neighborhood. CVS/pharmacy anchors the center, which was fully leased at the time of sale to tenants including Boston Market,…

Yield Pro: Franklin Street arranges $34 million sale of value-add multifamily property on Florida’s East Coast

August 1, 2022

Franklin Street has arranged the sale of Paradise Cay Apartments, a 197-unit, 216,466-rentable-square-foot multifamily property in Melbourne, Florida, for $34 million, or $172, 588 per unit. Franklin Street’s Tampa Multifamily Investment Sales Team of Darron Kattan, Zachary Ames, Avery Jordan, Mark Savarese, Cary Brown and Cameron Wolfe represented both the buyer, Topaz Capital Group LLC, and the seller Wells Boys & Girls Management. The transaction closed…

Franklin Street Capital Advisory Team Named 2022 ‘Top Mortgage Brokers & Lenders’ by Connect CRE

Franklin Street is pleased to congratulate our multimarket Capital Advisory team on receiving Connect CRE’s 2022 Top Mortgage Brokers & Lenders award! This prestigious award recognizes companies, teams and professionals who have demonstrated the highest standards in commercial real estate finance. Franklin Street’s Capital Advisory Team had a record year in 2021, achieving 88% year-over-year…

Wealth Management Real Estate: Will Rising Interest Rates Lead to a Valuation Decline for Commercial Real Estate?

July 29, 2022

Below are experts from an article written by Franklin Street’s Nate Weyer, Senior Director of Capital Advisory, for Wealth Management Real Estate’s 2022 Midyear Outlook. One of the biggest unknowns heading into the second half of 2022 and beyond is how the most recent and anticipated interest rate increases by the Fed will impact the…