Franklin Street Wins Leasing of 216,000 SF Office/Flex Portfolio
Franklin Street announces its most recent leasing assignment of Corporex Plaza, Brandywine Business Center and President’s Plaza – a 216,000-square-foot office/flex portfolio – on behalf of Independence Realty, Inc.
Clay Wommack of Franklin Street Office and Industrial will represent Independence Realty, Inc. on behalf of the building’s ownership.
“The demand for this type of product in superior locations has seen dramatic increases in traffic and leasing activity,” said Wommack. “As pure office rental rates continue to rise, these types of projects become great alternatives to multi-tenant office buildings as most suites are heavily built out for ‘back room’ office users at very attractive rates.”
The portfolio is 86 percent leased and consists of three separate projects including Corporex Plaza – a 95,761-square-foot, three-building site with 25 units; Brandywine Business Center – a 77,619-square-foot, two-building site with 13 units; and President’s Plaza – a 43,655-square-foot, two-building site with 12 units.
“Brandywine and Corporex are conveniently located at the intersection of Martin Luther King Jr. Blvd. and I-4, making it a great location for office service tenants with distribution needs,” Wommack said. “President’s Plaza in Westshore off of George Road has convenient access to the Veteran’s Expressway for clients that need direct access to the airport, major interstate systems and Pinellas County.”
All sites are configured with office frontage around rear truck areas with overhead loading doors or truck bays, and adequate parking.
About Franklin Street: Franklin Street is a family of full-service real estate companies 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 divisions—Real Estate, Capital, Insurance, and Management—Franklin Street offers unmatched value and optimal solutions for clients nationwide. For more information on Franklin Street, please visit FranklinSt.com.