JACKSONVILLE, FL-Tampa-based Franklin Street has set up shop inJacksonville. Market veteran David Hsieh has signed on as a partnerin the real estate services division to lead the new office. Thecompany also has offices in Tampa, Fort Lauderdale, andAtlanta.

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“The Jacksonville office opening continues the trend of FranklinStreet targeting areas and individuals that help build a strongerplatform to help owners and investors in this difficultenvironment,” Andrew Wright, CEO and managing partner of FranklinStreet, tells GlobeSt.com. “Now we have a stronghold in theSoutheast and David will be a cornerstone of our new Jacksonvilleoffice.”

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Hsieh comes to Franklin Street from Marcus & Millichap,where he was a vice president in the firm’s Jacksonville office.There he earned the company's National Achievement Award in 2006,and has listed and transacted, statewide and in southern Georgia,more than $300 million in investment real estate since 2004. He wasalso named one of CoStar's Top Ten Powerbrokers in Jacksonville in2004-2007
and 2009.

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Hsieh tells GlobeSt.com several major economic factorscontributed to his decision to join Franklin Street. But the mostpressing, he says, was how the landscape and dynamics of investmentreal estate have changed dramatically over the past threeyears.

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“A brokerage model or a good platform with a national reach wassufficient to get transaction deals done in the ramp up in theearly 2000s,” Hsieh says. “The level of service in the market andthe state of most property owners, certainly in the private sector,have dictated that a different business model really govern the waybusiness should be handled in terms of the level of service toclientele.”

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As Hsieh sees it, even if it's not a purchase or sale, FranklinStreet can help owners and investors increase their cash flow andpreserve equity. As the economy recovers, Hsieh sees opportunitiesfor heightened brokerage activity in the Jacksonville market.Franklin Street’s new Jacksonville office will focus on retail,office and multifamily sectors.

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