The latest insights from franklin street experts
When it comes to leasing activity, the downtown office market hasn’t had much to cheer about lately — but one bright spot has emerged in the form of
June 7, 2016
Franklin Street has brokered the $3 million sale of Cloud Springs Plaza, a 113,000-square-foot, Big Lots-anchored shopping center located at 1503 Lafayette Road in Fort Oglethorpe, roughly seven miles outside of Chattanooga.
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John Tennant and Bryan Belk of Franklin Street represented the seller,Cloud Springs ACD, LLC, in the transaction. The buyer, America’s Realty, LLC, is a private investor out of Baltimore, Maryland.
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“The buyer was able to acquire this property below market, which will give them a higher degree of success maximizing their return upon redevelopment,” Mr. Tennant said. “The buyer plans to add value through lease up of vacant space as well as potentially adding an additional outparcel.”
Learn MoreJune 2, 2016
“For me, the biggest opportunity joining a prestigious company like Franklin Street is to grow the Miami office and overall South Florida footprint while leveraging their unique platform,” Farmer said.
Learn MoreJune 1, 2016
Commercial real estate services firm Franklin Street has debuted its sixth office, in Orlando.
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