Adam is the Managing Director at Franklin Street. With over 20 years of investment experience, Adam is a leader in the commercial real estate industry, specializing in the sale of shopping centers, office buildings and mixed-use properties throughout Florida, as well as single-tenant net lease properties nationally. Prior to joining Franklin Street in 2021, he served as President and Broker of Tiktin Real Estate Investment Services (TREIS), a prominent, Miami-based commercial real estate investment sales brokerage firm, which he founded in 2016. With TREIS, he built a talented seven-member team that closed over $1 billion in commercial real estate sales within just over 400 transactions, involving many of South Florida’s most high-profile properties.
Buyer Zenix Properties paid roughly $400K above the listing price for the Promenade Shoppes in North Lauderdale.
The market for quality [retail] properties is very limited. There is much more demand than when we went out in November. The retailers here are more service-type retail.