In a bold move that underscores its commitment to growth and innovation, Books-A-Million, the nation’s second-largest bookstore chain, has announced significant promotions within its real estate division. Rick Franz has been elevated to the position of Executive Vice President of Real Estate, while Jack Fleming steps into the role of Vice President of Real Estate. This strategic restructuring also welcomes Pete Turner as the new real estate manager, a move poised to bolster the company’s expansion efforts.

Rick Franz, who joined Books-A-Million in 2024 as a consultant, has been lauded for his strategic insight and leadership within the real estate department. With a robust background that includes previous roles as VP of real estate at Ulta Beauty, Wild Oats Markets, and Dick’s Sporting Goods, Franz is well-equipped to lead store positioning and growth in his new capacity.

Jack Fleming, previously the real estate manager at Books-A-Million’s Preferred Growth Properties subsidiary, will now focus on managing existing assets and identifying opportunities for new store openings. His prior experience in the financial services department at First Citizens Bank adds a layer of financial acumen to his role.

The addition of Pete Turner, a recent hire from April 2025, further strengthens the team. Turner, an Auburn University graduate, brings experience as a commercial underwriter at Regions Bank. His role as real estate manager will involve overseeing new projects and contributing to the company’s strategic goals.

These appointments follow the recent appointment of Brandon Waters as Chief Information Officer in February 2025, highlighting Books-A-Million’s dedication to enhancing its leadership team. In a statement, the company expressed confidence in the new leadership, stating, “As Books-A-Million continues to expand and innovate, we are confident that their leadership will play a pivotal role in our continued success.”

Books-A-Million operates over 200 stores across 32 states, alongside its e-commerce platform, Booksamillion.com. The chain’s latest moves are part of a broader strategy to solidify its position in the competitive retail landscape.

For more information, you can read the original article on Chain Store Age. Additionally, explore how Books-A-Million is taking same-day delivery national with Walmart.

Books-a-million storefront

More Articles

Getting licensed or staying ahead in your career can be a journey—but it doesn’t have to be overwhelming. Grab your favorite coffee or tea, take a moment to relax, and browse through our articles. Whether you’re just starting out or renewing your expertise, we’ve got tips, insights, and advice to keep you moving forward. Here’s to your success—one sip and one step at a time!

The Mark Tampa Breaks Ground on 800‑Bed Luxury Student Housing Near USF

Landmark Properties has officially begun construction on The Mark Tampa, a six‑story luxury student community featuring over 800 beds, rooftop amenities, study spaces, retail, and modern unit layouts. Set to open before the 2027–2028 school year, the project signals strong investor confidence in North Tampa’s booming student housing market.

Florida’s Insurance Costs Erupt Into a 2026 Election Flashpoint

Florida’s property and auto insurance crisis is intensifying, setting the stage for a major political showdown ahead of the 2026 elections. Republicans argue recent reforms are finally stabilizing the market, while Democrats insist families are being crushed by soaring premiums and can’t wait for relief. With homeowners, condo associations, and insurers all feeling the pressure, lawmakers are preparing for one of the most consequential legislative battles in years.

A December Fed Cut Could Be Coming — But Don’t Expect Mortgage Rates to Drop

Markets are betting heavily on a Federal Reserve rate cut in December, but that doesn’t guarantee lower mortgage rates. Even with an 85% chance of a cut priced in, mortgage rates move more with the 10‑year Treasury than the Fed itself — and recent history shows rates can rise even when the Fed eases. Today’s 6.43% average rate is the lowest in over a year, but still unpredictable, making financial readiness more important than trying to time the market.

Grand Junction’s Commercial Real Estate Market Surges 36% as New Chains Fuel Regional Growth

Grand Junction is experiencing a powerful commercial real estate upswing, with 151 commercial units closed so far in 2025—a 36% jump from last year. Building permits are also up 23%, signaling expanding development momentum. Brokers say interest from national chains is accelerating the city’s evolution, bringing jobs, investment, and long‑term economic potential to Colorado’s Western Slope.

Nashville Ranks #6 in Emerging Trends in Real Estate 2026 Report

Nashville continues its rise as one of the nation’s most attractive real estate markets, landing the #6 spot in the Emerging Trends in Real Estate 2026 report from PwC and ULI. With strong demographic momentum, business expansion, and a development pipeline drawing national eyes, the city stands out amid shifting economic conditions. The report highlights fast‑growing sectors such as data centers, senior housing, and evolving office dynamics—offering real estate professionals valuable insight into where opportunities are emerging next.

CRE This Week: The Key Trends Reshaping Canada’s Commercial Real Estate Market in 2025

Canada’s commercial real estate sector continues to evolve rapidly, with new data revealing major transactions, shifting investment patterns, and emerging economic signals across the country. From resilient retail spending to cooling construction and regional standouts like Montreal and the Prairies, this week’s CRE pulse—powered by Altus Group’s research team—gives real estate, mortgage, and finance professionals a sharp snapshot of the market forces to watch as 2025 winds down.