Advisors guided clients through the economic uncertainty caused by COVID-19 to coordinate 63 transactions
Sarasota, Florida (July 29, 2020) – Despite the economic challenges in the wake of the COVID-19 pandemic, advisors from the SVN Commercial Advisory Group and SVN Coastal Commercial Advisors completed five deals exceeding $1 million each during the second quarter of 2020. The teams managed 63 transactions during the quarter for a total volume just over $12 million.
“Obviously, it was a challenging time across the entire U.S. economy,” said Matt Christian, Managing Director of the SVN Commercial Advisory Group. “But our people persevered and provided expert guidance to their clients, helping them navigate through the current business climate. As a result, we completed several significant deals this quarter.”
One of the Q2 transactions topped $2 million: a retail land deal in Ellenton, Fla., managed by Senior Advisor Tony Veldkamp, CCIM, and Advisor Matt Fenske. The 4.6 acres of vacant land on U.S. 301 sold for $2.2 million.
Angela Varga, Senior Investment Advisor, coordinated the sale of an office building in Bradenton, Fla., for $1.96 million. Another transaction that approached the $2 million mark was a medical office building in St. Petersburg. Jeff Jamison, MBA, Associate Advisor, managed the sale of the $1.7 million deal.
Senior Advisor Jim Boyd, MAI, managed a $1.1 million transaction, the sale of an industrial warehouse/distribution building in Sarasota, Fla. SVN Coastal’s Kenny Anderson, Senior Advisor, managed a lease valued at $1.1 million.
Other notable deals during Q2 included:
- An office building in Sarasota that leased for just under $985,000, managed by Larry Starr, Executive Director.
- An $800,000 land deal coordinated by Diane Lawson, CCIM, Senior Advisor and Senior Investment Advisor Mike Migone, CCIM. The 5 acres are in the rapidly growing Lakewood Ranch area of Bradenton.
- A pair of deals in Bradenton by David Kinnard, Advisor: an office building on Providence Road ($599,000) and a medical building ($375,000).
“Again, I really want to commend our team members for all they accomplished during this time of uncertainty,” Christian said. “They adapted by working remotely to serve our clients and to provide them with expert guidance.”
A full-service commercial real estate brokerage firm, SVN Commercial Advisory Group works with large corporations, middle market businesses and individual entrepreneurial investors. The group provides advisory services for the sale, leasing and management of commercial properties. Advisors at SVN Commercial Advisory Group have deep experience working with many types of investment real estate. They serve the greater areas of Sarasota, Manatee and Charlotte counties. For more information on the SVN Commercial Advisory Group, visit suncoastsvn.com.
SVN, a commercial real estate brokerage firm headquartered in Boston, is one of the industry’s most recognized and powerful brands based on the annual Lipsey Top Brand Survey and Commercial Property Executive Magazine. With more than 200 locations in 500 markets, SVN Commercial Real Estate Advisors provide sales, leasing and property management services to clients worldwide. For more information on the SVN Commercial Advisory Group, visit suncoastsvn.com.