Value Added Quality/Affordability

Franklin Realty Development Corporation has completed major value-added renovations to such landmark buildings as the former North American Technology Center on Jacksonville Road in Warminster, Pennsylvania. The project, now named CenterPointe Office Center is a 93,350 square-foot example of Franklin’s value-added vision. CenterPointe was quickly followed by 1170 Wheeler Way in Bucks County and was joined in early 2006 by CedarPointe Corporate Center, a seven-building complex in the Lehigh Valley.

The firm actively seeks opportunities to renovate undervalued and functionally obsolete properties into Class A and B+ buildings. These properties are repositioned in the marketplace by retrofitting and modernizing the shells and physical plants and by adding amenities such as new lobbies, elevators, landscaping, state of the art HVAC systems and artwork. This helps transform the entire image of the building, allowing Franklin to offer tenants an excellent value in totally renovated buildings at competitive lease rates while rewarding its investors and lenders with a maximum return on their capital.

Seven Gables

Seven Gable
The Residences at Seven Gables is a 165-unit luxury apartment community in Carlisle, PA developed by Franklin Realty Development Corporation and its venture partner, Patriarch Management, LP It is the first luxury apartment complex to be built in Carlisle in more than 20 years. The five controlled-access, elevator served buildings continue reading →

1170 Wheeler Way

Franklin Realty Development Corporation’s commitment to quality renovation can be seen in the transformation of 1170 Wheeler Way. Franklin purchased the building in 2003 for $2,250,000 or approximately $53 per square foot. The 42,500-square-foot building was completely vacant when it was purchased. Franklin invested $2,400,000 on extensive renovations to the continue reading →

CenterPointe Office Center

A Landmark Restored Franklin Realty Development Corporation’s introduction to Warminster Township, Bucks County, came in September 2001 when it acquired a former Naval Air Development Center building at 626 Jacksonville Road. This historic site, built by the U.S. Navy in 1941, was once the home of Brewster Aircraft Company. Franklin continue reading →
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