Franklin Street Brokers $48M of Multifamily Transactions in Central Florida

Franklin Street, a leading player in the commercial real estate industry, has successfully brokered the sale of multiple multifamily properties across the Florida markets of Tampa, St. Petersburg and Lakeland. The combined transaction volume totals $48M, highlighting Franklin Street’s ability to leverage expertise and tailored solutions to deliver valuable results to clients despite a challenging capital markets environment.

Facilitated through Franklin Street’s collaborative platform, the Multifamily Investment Sales Team, including Avery Jordan, Darron Kattan, Mark Savarese and Cary Brown, were supported by the Capital Advisory team, including Casey Siggins who secured the financing for three of the closings, and the Insurance team, including Michael Conlon who placed the insurance for two of the closings.

The following locations have been successfully sold throughout Central Florida:
• Waters Edge Apartments, 120 units, built in 2001/2008, 3625 New Jersey Rd.
• Aqua 550, 40 units, built in 1969, 550 50th Ave N.
• Pebblewood Apartments, 54 units, built in 1983, 11312 N 52nd St.
• Uptown Villas, 90 units, constructed in phases: 1972-1974, 13102 N 20th St. and 13911 N 19th St.

Franklin Street, headquartered in Tampa, is a full-service commercial real estate firm. Avery Jordan’s team continues to identify multifamily assets for investors keen on establishing a presence in the Tampa Bay market. For serious inquiries contact Avery Jordan at Avery.Jordan@FranklinSt.com. If you have any debt and equity requests, reach out to Casey Siggins at Casey.Siggins@FranklinSt.com, and for insurance services, contact Michael Conlon at Michael.Conlon@FranklinSt.com.

About Franklin Street:

Founded in 2006 during one of the toughest real estate climates, Franklin Street focused on delivering value-added solutions to meet the evolving needs of clients. Through a collaborative philosophy of leveraging the resources, expertise and experience of each of its lines of business, Franklin Street has grown to include seven business divisions – Investment Sales, Tenant and Landlord Representation, Capital Advisory, Insurance, Property Management and Project Management. With $7 billion in transaction value across all major product types, Franklin Street offers unmatched value and optimal solutions for clients nationwide. Headquartered in Tampa, Fla., the firm has teams located in top markets throughout the country and works with owners and occupiers of commercial real estate nationwide. Learn more about Franklin Street at FranklinSt.com.

Photo: Aqua 550

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