Jax Retail Sells at 11% Cap Rate

March 27, 2015

Blanding Boulevard Shopping Center sold for $300,000 or $60.35 per square foot, at a 10.97% cap rate. Estephan’s Grands bought the Jacksonville, FL retail asset from West East Properties in an all-cash deal.

Tampa Bay 2014 Fast 50

Franklin Street-Tampa Bay Business Journal’s 50 Fastest Growing Companies

Done Deals: Apartments in Dunedin, office in Tampa and Sun City Center

Windemere Apartments in Dunedin fetched $10 million in a sale. Robert Goldfinger, Darron Kattan, Kevin Kelleher and Zach Ames of Franklin Street represented both sides in the transaction. Windemere Ltd., which has owned the property since 1977, sold it to Dunedin LLC, based in Chicago.

Civil Rights Museum Nabs CREW Award

Movers and shakers associated with the new National Center for Civil and Human Rights—opening on June 23—earned CREW’s annual economic and community development award last week.

Pinecrest Office Building Trades At $291 PSF

Franklin Street Real Estate Services announced the sale of a single-tenant office building in Pinecrest for $7,400,000 at $291 per square foot.