Working with We Would, SVN Commercial Realty recently managed acquisition of two Florida properties to house legal cannabis operations
Fort Lauderdale, Fla. (February 26, 2019) – SVN Commercial Realty has been selected as the preferred broker representative for We Would in the acquisition of investment and development properties throughout Florida for the cannabis industry. We Would is the cannabis real estate development arm of Stadlen Family Holdings.
Most recently, the team at SVN Commercial Realty successfully managed the acquisition of a $1.25 million, 3.7-acre Opportunity Zone qualified property on E Irlo Bronson Memorial Highway in Kissimmee and a $1.45 million, 4,000 square foot iconic property on Hollywood Boulevard in Hollywood.
Joel Kattan, senior director at SVN Commercial Realty, has worked closely with Joseph Stadlen, principal at We Would and legacy steward at Stadlen Family Holdings, for more than 20 years. This positive, successful relationship is the basis for the selection of SVN Commercial Realty as the preferred broker for We Would, according to both Kattan and Stadlen.
“We’re excited to continue our relationship with Stadlen Family Holdings as the preferred broker to support We Would and play a key role in its growth and success,” said Kattan. “The strength of the SVN brand and its nationwide footprint, combined with the comprehensive coverage we provide throughout the entire state, provides us with the right experts and market intelligence to best serve We Would.”
Kattan, along with senior advisor Anthony Peragine, are leading the SVN Commercial Realty effort for We Would.
Worldwide legal cannabis spending is projected to grow to nearly $17 billion in 2019. On a national level, the legal cannabis market is projected to be more than $23 billion by 2022, creating nearly 470,000 full-time equivalent jobs, according to a recent study conducted by Arcview Market Research and BDS Analytics.
“Industry regulations are complex, therefore the ability to navigate the various local, state, and federal requirements and conjunction with our best-in-class tenant’s criteria is essential and a specialized skill,” said Stadlen. “SVN’s market and industry knowledge, extensive nation- and state-wide footprint, and collaborative culture provides We Would with the right expertise and strategic guidance for expansion throughout Florida and into the national marketplace.”
SVN is the only commercial real estate company that markets all of its properties to the entire brokerage and investment community. SVN advisors share commission fees with cooperating brokers to close more deals in less time and at the right value for clients. This open, transparent and collaborative approach to real estate is the SVN difference.
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. The Florida team consists of more than 100 advisors serving locations across the state.
About We Would and Stadlen Family Holdings
We Would is the cannabis real estate development arm of Stadlen Family Holdings, LLC. Its principals have nearly 50 years’ combined experience. We Would is a professionally managed organization with the objective to develop and leaseback real estate. We Would exists to profitably acquire, develop, lease, maintain and exit retail real estate holdings for the cannabis industry. Its current portfolio includes cultivation, processing and dispensary locations throughout Florida.
Joel Kattan, Senior Director and Branch Manager, SVN Commercial Realty, Miami Office / 954-448-8531 / [email protected]
Anthony Peragine, Senior Advisor, SVN Commercial Realty, Miami Office / 305-509-0412 / [email protected]