SVN Florida’s Ashley Bloom Closes Latest in Series of Recent Land Transactions in Charlotte County
During the past several months, land asset expert Bloom has closed multiple deals totaling hundreds of acres in growing Gulf Coast market
Charlotte County, Florida (December 16, 2014)—SVN Florida's Ashley Bloom recently closed his latest in a series of recent land transactions in Charlotte County, a growing market in the Gulf Coast region. With this latest closing of a 25-acre waterfront property on Peace River, Bloom has closed multiple land deals representing 320 acres in the last few months alone, with more activity underway in the area.
“All the data and market indicators we are tracking are pointing to the Gulf Coast as a rapidly improving market,” said Bloom, SVN’s National Land Product Council Chairman and asset expert. “From what we are experiencing, especially in Charlotte County, we believe the market is in the initial stages of an upward trajectory of growth. We anticipate this growth to continue during 2015.”
According to recent economic and market data reports, single-family building permits were up 37 percent in Charlotte County from the prior year. In addition, home prices in the county rose 7.4 percent from the prior year, which was higher than state and national averages.
“These positive indicators in single-family assets for Charlotte County are what we would anticipate early on as a market begins to grow,” said Bloom. “In addition, the regional and national homebuilders are reporting all-cash sales in more than 60 percent of the transactions, which is a good sign. Couple that with the activity level we’re experiencing and you have the right ingredients coming together for a robust market.”
This latest land transaction is another example of SVN’s team approach to supporting its clients. It was supported through SVN’s Land Product Council where client-side Advisors and SVN’s land product experts worked together to complete the transaction. Ron Zeigler of SVN’s Sarasota office represented the buyer, JJ & RG Properties, LLC. Bloom worked closely with the seller, a privately held global equity investment firm, to complete the transaction.
SVN Florida provides services in more locations than any other Florida commercial real estate firm and Advisors in Jacksonville, St. Augustine, Tallahassee, Panama City, Pensacola, Ocala, New Smyrna Beach, Melbourne, Orlando, Lake Mary, Winter Park, Tampa, St. Petersburg, Sarasota, Bradenton, Naples, Fort Myers, Jupiter, West Palm Beach, Stuart, Fort Lauderdale, Hialeah and Miami. The SVN Florida team represents clients in office, multifamily, retail, industrial, self-storage, hospitality, marina, mobile home park and land transactions.
About Sperry Van Ness FloridaCommercial Real Estate Advisors:
Sperry Van Ness International Corporation, a commercial real estate brokerage franchisor, is one of commercial real estate’s most recognized brands, based on the annual Lipsey Survey. The SVN® Organization includes more than 180 locations in 200 markets. SVN Advisors provide brokerage, tenant representation, consultation, asset management, property management, leasing, accelerated marketing and auction services. The Florida team consists of more than 90 Advisors serving locations throughout the state. SVN Advisors represent clients in office, multifamily, retail, industrial, self-storage, hospitality, marina, mobile home park and land transactions. All SVN offices are independently owned and operated. For more information on SVN Florida, visit www.svnflorida.com. For the latest news, trends and issues related to the commercial real estate market, visit SVN Florida’s blog www.svnflorida.com/blog/.
Zeszutko Corp.-PR on behalf of SVN Florida
Jerry Anderson, CCIM, Executive Managing Director
Sperry Van Ness Florida Commercial Real Estate Advisors