Franklin Street Represents Seller in $9.6M Sale of Tampa Development Site Slated for 492KSF Warehouse

September 3, 2020

Buyer Seefried Industrial Properties is developing the BTS facility for Home Depot  TAMPA, FL (September 3, 2020) – Franklin Street, on behalf of the seller, has arranged the disposition of a 65-acre development site in South Hillsborough County, where construction is underway on a 492,156-square-foot, Class A distribution center. Seefried Industrial Properties, Inc. acquired the land for $9.6 million,…

SCB: Lenders are Slow Out of the Gate as Central Florida Retail Market Begins Recovery, Says Webinar Panel

September 2, 2020

Commercial real estate lenders have remained timid as retail businesses in the Central Florida market navigate how to operate successfully during the COVID-19 crisis. As of this writing, Orange County had the 23rd most cases by county in the United States with 36,400 positive coronavirus cases and 378 deaths, according to Johns Hopkins University (JHU)….

GlobeSt.com: How Young Professionals Are Changing the Industry

September 1, 2020

Young professionals are driving change in the commercial real estate industry. For years, new technologies—from virtual rent collection to digital document signing—have promised to deliver efficiencies to the market, but adoption has been another story. The industry has an older average age demographic than most other industries. According to NAR, for example, brokers have a median…

OBJ: Breaking: Blue Steel Development to buy property once slated for Nephron HQ

August 27, 2020

A Lakeland developer is under contract to buy land northeast of South Kirkman and LB McLeod roads for a future industrial project as e-commerce demands have fueled a boom in the real estate sector. Blue Steel Development LLC plans to buy the 61 acres from Nephron Pharmaceuticals Corp.-related entity Kennedy Campus LLCto build a roughly…

TBBJ: Atlanta developer closes on land, secures $44M construction loan for Home Depot’s new Hillsborough warehouse

An Atlanta developer is moving forward with plans for a Home Depot Inc. warehouse in South Hillsborough County. Seefried Industrial Properties paid $9.6 million for 65.6 acres off of Big Bend Road in Gibsonton in a deal that closed in early August, according to Hillsborough County property records. Franklin Street’s Pat Kelly represented the seller in the…