Franklin Street Arranges Expansions and New Locations for Tenants in the Tampa Bay Market
Franklin Street, a full-service commercial real estate company, recently brokered 43,795 sq. ft. of new and expansion office leases, including a return to the Tampa Bay market for J.E. Dunn Construction Group. Franklin Street’s Chris Butler and Chad Rupp, both managing directors, and Ryan McCurdy, associate, represented the tenants in each transaction. The deals include:
– Avant Healthcare Solutions expanded its Orlando office for a second time since June by taking on an additional 3,569 sq. ft. at the Interlachen Building located at 1211 Semoran Blvd., Suite 227, Casselberry, Fla. The company now has 15,708 sq. ft. at the Interlachen Corporate Center.
– HNTB expanded and relocated its Tampa location within Tampa City Center for 19,016 sq. ft. located at 201 N Franklin Street, Suite 550, Tampa, Fla.
– The Bassin Center for Plastic Surgery signed a new lease for 1,473 sq. ft. at the First Central Tower located at 360 Central Avenue, Suite 1560, St. Petersburg, Fla.
– J.E. Dunn Construction Group returned to the Tampa market leasing 5,600 sq.ft. within the Highwoods Bay Center. The new location will serve as their regional office for the Florida market.
“With companies continuing to add new jobs and expanding throughout Central Florida, office vacancy rates have compressed to the lowest levels seen since 2006,” said Rupp. Vacancy rates throughout Tampa Bay have dropped 13 bps compared to Q4 2014, according to local reports.
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, Management, and Valuation—Franklin Street offers unmatched value and optimal solutions for clients nationwide. For more information on Franklin Street, please visit FranklinSt.com.