Greenberg and Street of ERG arrange $1.55 million sale

ERG Property Advisors has arranged the sale of 595 Franklin Ave. The property is a free standing Dunkin Donuts ground lease located on the corner of Franklin Ave. and Ferngate Dr. The lease has 9 years remaining and is corporately guaranteed by Dunkin Brand, INC. The property sold for $1.55 million which represents a cap rate of 5.81%. Andrew Greenberg, senior director of retail, and Evan Street, senior associate of ERG Property Advisors, exclusively brokered this transaction.

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Island Associates negotiates lease extension for 2,160 s/f restaurant operated by Beef O’ Brady Bar and Grill at Lake Harris Square

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