ORMOND BEACH, Fla. (August 28, 2018) — SVN Alliance Commercial Real Estate Advisors recently negotiated the assemblage of approximately five acres of land along Granada Boulevard for the second phase of the Shoppes On Granada, a new shopping center to be built in Ormond Beach. Working on behalf of the buyer, real estate developer and investment company The Ferber Company, the SVN Alliance team of expert advisors successfully secured a number of off-market commercial and residential parcels in order to allow this new phase to occur. The total price of the land assemblage was more than $2,000,000.
It’s anticipated that The Ferber Company will begin immediate construction with plans to open the second phase in 2019. New tenants announced thus far include Aldi and TD Bank. The first phase of The Shoppes On Granada opened in 2015 and includes such tenants as Chipotle, Panera Bread, Petco and Mattress Firm.
“This is an exciting development for the Ormond Beach market and community,” said Chris Butera, principal at SVN Alliance. “The area continues to grow and attract top retail, restaurant and industrial businesses,” continued Butera, who represented The Ferber Company in the transaction.
Assembling such a wide variety of off-market properties can be a lengthy and complex challenge. “The Ferber Company and their team stayed focused throughout the process and provided us the support we needed to get the job done,” said Butera. “Now that the transaction is completed, I can tell you that all the parties involved—the Ferber Company and the sellers—we’re pleased with how the process culminated.”
Well-known in the Daytona-Ormond Breach market, Butera focuses on land and development opportunities in Central Florida and has completed a number of substantial off-market acquisitions during his career.
About SVN Alliance
SVN | Alliance Commercial Real Estate Advisors is the premier commercial real estate services firm serving Volusia and Flagler County. The SVN Alliance team represents clients in office, retail, industrial, land, development, multifamily, self storage, hotel, marina and mobile home park transactions. For more information on SVN Alliance, visit www.svnalliance.com. SVN is a commercial real estate brokerage franchisor headquartered in Boston, MA and is one of the world’s most recognized commercial real estate brands. With more than 190 locations in 500 markets, SVN provide sales, leasing, and property management services to more than 5,500 clients worldwide. All SVN offices are independently owned and operated.
For more information contact
Chris Butera, Principal, SVN Alliance, 386-453-4789, [email protected]
Carl Lentz, Principal/Managing Director, SVN Alliance, 386-566-3726, [email protected]
Ken Zeszutko, Z Corp (PR on behalf of SVN Alliance), 321-213-1818, [email protected]