Press Release
FOR IMMEDIATE RELEASE
Two Land Development Deals Close in Thriving Palmetto, Florida, Promising 248 New Residential Units
Palmetto, FL – January 14, 2025 – SVN Commercial Advisory Group is pleased to announce the successful closing of two major commercial real estate transactions in Palmetto, Florida, by Senior Advisors Tony Veldkamp, CCIM, and Matt Fenske.
These deals highlight the continued growth and investment in the Manatee County area, underscoring SVN Commercial Advisory Group’s expertise in brokering high-value growth and development opportunities.
9025 US-41 North: Apartment Development Site
Representing the buyer and the seller, Tony Veldkamp, CCIM, and Matt Fenske, successfully facilitated the sale of 9025 US 41, a 9.16-acre mixed-use development site, for $2,600,000.
The buyer plans to develop a 180-unit apartment project on the site, further expanding housing options in Palmetto.
3105 Moccasin Wallow Road: Townhome Development Site
The second transaction consisted of the sale of 3105 Moccasin Wallow Road, a 13-acre residential development site, for $1,280,000.
This property is poised to become a 68-unit townhome project, contributing to the increasing demand for quality housing in the region. Matt Fenske and Tony Veldkamp also represented the buyer and seller in this transaction, ensuring a smooth closing.
Both properties are located in Northern Manatee County, an area that continues to see population growth that is among the highest in the Tampa Bay region. These stretches of Moccasin Wallow Road and US-41 are seeing a significant amount of development, including numerous residential, commercial, and mixed-use projects, and have been undergoing roadway improvements over the past few years. Per the Sarasota-Manatee Metropolitan Planning Organization (MPO), the North River market of Manatee County is projected to grow by more than 50,000 units by 2050.
Expert Leadership Driving Success
Tony Veldkamp and Matt Fenske demonstrated exceptional market knowledge and client service in these transactions, furthering SVN Commercial Advisory Group’s reputation as a trusted commercial real estate leader, specializing on Florida’s West Coast.
“Both transactions reflect the strong demand for residential developments in Palmetto. We’re proud to play a role in helping shape the future of this thriving community,” said Veldkamp.
“These transactions highlight the growing interest in Palmetto as a prime location for residential developments based on its proximity to Sarasota, St. Petersburg, and Tampa, as well as being just a short drive to Bradenton,” said Fenske. “We’re honored to have facilitated these deals, which will bring much-needed housing options and contribute to the area’s economic growth.”
About SVN Commercial Advisory Group
SVN Commercial Advisory Group is a full-service commercial real estate brokerage firm serving the Sarasota and Tampa Bay areas. We provide commercial real estate services to large corporations, middle-market businesses, and individual entrepreneurial investors, offering advisory services for the sales, leasing, and management of commercial properties locally, regionally, and nationally. Visit us at www.SuncoastSVN.com.
For more information, please contact:
Karolina Wieczorek
karolina.wieczorek@svn.com
[Image files can be downloaded here.]
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