Connect CRE: Franklin Street Completes $20M Sale of Affordable Community in Melbourne

December 6, 2021

Franklin Street has arranged the $19.6-million sale of The Pines at Palm Bay, a 41-building, 216-unit, value-add multifamily in Palm Bay, FL. The community was 99.5% occupied. Franklin Street’s Darron Kattan, Zach Ames, Avery Jordan and Mark Savarese brokered the transaction between seller Wells Boys & Girls Property Management and buyer SJA Partners. “We are predicting Florida’s Space Coast, and the Melbourne…

Franklin Street Arranges Sale of 229-Unit Multifamily Portfolio in Melbourne, FL for $30.6M

NY-based Topaz Capital Group acquired the value-add property in one of the Southeast’s most up and coming multifamily investment markets MELBOURNE, FL (December 6, 2021) – Franklin Street has arranged the $30.6 million sale of a 229-unit multifamily portfolio in Melbourne, Florida, a city on the state’s East Coast that has been increasingly attracting the attention of multifamily investors. The…

Tampa Bay Business Journal: Best Real Estate Deals- Westshore City Center

December 3, 2021

Westshore City Center is a 300,000-square-foot property currently undergoing a $20 million renovation and a top reuse/rehab project for the 2021 Best Real Estate Deals. Top Reuse/Rehab Project: Westshore City Center Leasing agent: Franklin Street, Matt Alexander, Chad Rupp, Alex Wright Architect: Behar Peteranecz General contractor: VCC Landlord/developer: Ally Capital Group Project manager: Franklin Street Financier: Valley National Bank Tenants: First Watch, Heritage Insurance, Beach…

South Florida Business Journal: Property under contract to be sold in area that will ‘look very different three years from now,’ broker says

A 49-year-old office building in North Miami Beach is under contract to be sold for just under its listing price of $10 million, a broker involved in the pending deal told the South Florida Business Journal. Adam Tiktin, a managing director of mixed-use office and retail for the Tampa-headquartered commercial brokerage Franklin Street, said he brokered…

Jacksonville Business Journal: After years of ups and down, 220 Riverside commercial space comes alive again

December 1, 2021

The previously vacant ground floor commercial space at 220 Riverside, a mixed-use building in the Brooklyn area of Jacksonville, will soon be fully leased once again, according to the retail team at Franklin Street. When the development at 220 Riverside opened in 2015, it was with great fanfare, with the commercial space in the property attracting some high-end tenants. The adjacent Unity…