In a release, Kraig Silver, EVP at the Treeline Cos., says the property's "convenient location" and his company's "hands-on management and responsiveness" as its owners were deciding factors for Stifel, Nicolaus. Part of the four-building Franklin Avenue Plaza portfolio that Treeline acquired in March 2007, 1225 Franklin offers 205,000 square feet of office space with an asking rent of $33 per square foot.
Jay Stewart of Grubb & Ellis and Roger Wooster of Sutton & Edwards, Inc. represented Stifel, Nicolaus. Silver negotiated on behalf of Treeline.
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Paul Bubny
Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.
