SVN Alliance facilitates transaction with contract to close in only 35 days
VOLUSIA COUNTY, Fla. (September 7, 2018) – Advisors from SVN Florida Land Alliance managed a $16 million transaction involving 6,300 acres in the cities of Edgewater and New Smyrna Beach, Fla. The property is on the west side of Interstate 95 in a rapidly growing part of Florida’s east coast.
This major land deal took only 35 days from contract to closing. The seller of the expansive acreage was NC CS Hammock Creek, LLC.
“The speed at which this closed is almost unheard of for a land deal, especially one of this size,” said Ashley Barrett Bloom, National Land & Development Services Product Council chairman for SVN. “It’s a major success for SVN Land Alliance. We had Land Alliance advisors from across the state teaming up and coming through with such a fast-closing deal. We couldn’t have asked for a better result.”
The SVN Land Alliance team worked in concert on a local, regional, and national basis to market and complete the deal. The Volusia County transaction was typical in that SVN Florida Land Alliance professionals collaborated within the team to assemble the most qualified advisors to market and complete the deal.
“I am very proud of the collaboration that our advisors put in play to meet the objectives of this seller,” said Jerry Anderson, CCIM, executive managing director of SVN Florida Commercial Real Estate Advisors.
The acreage in Volusia County is an approved Development of Regional Impact for residential and commercial development, including the construction of up to 8,500 residential units. The land is situated conveniently for population growth, close enough to Brevard County to attract residents who can commute to work in the space industry.
“This property is a blank canvas in the hands of a single owner who can create a picture of the future growth in Volusia County,” said Chris Butera, SVN principal advisor. “The county and city are both growing and we’ll see this area develop quickly over the years. Someday, I’ll be able to look around and tell my grandchildren I had a hand in that.”
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 190 locations in 500 markets, SVN Commercial Real Estate Advisors provide sales, leasing and property management services to more than 5,550 clients worldwide. The Florida team consists of more than 100 advisors serving locations across the state. For more information on SVN Florida, visit www.svnflorida.com.
Ashley Bloom, National Land & Development Services Product Council Chairman, SVN Florida Land Alliance, 941-961-7109 / [email protected]
Chris Butera, Principal, SVN Florida Land Alliance, 386-301-4584 / [email protected]
Ken Zeszutko, Z Corp. PR, 321-213-1818 / [email protected]