Lakeland firm brokers $29.6 million in deals in Q2

Commercial real estate brokerage firm SVN Saunders Ralston Dantzler Real Estate generated transactional volume of $29.6 million in the second quarter of this year, driven largely by continued robust land sales in Central Florida.

The Lakeland-based brokerage sold 2,886 acres from April 1 through June 30 and leased 54,687 square feet, the company reports. Along the Gulf Coast, the company completed deals in Manatee, Pasco and Polk counties.

Of the 31 total transactions completed, seven were for in excess of $1 million, SVN Saunders notes.

The firm’s largest deal of the quarter was the sale of the 1,087-acre Lewis Friend Farm, in Indian River County. It sold for $5.22 million. SVN Saunders’ Jeff Cusson and David Goodlett negotiated the sale on behalf of the buyer and the seller, respectively.

The volume was consistent with SVN Saunders’ recent past quarters, though its transactions were down as compared to the same period in 2019, when the firm generated $75.98 million in sales and leases overall.

The second quarter of 2019 figures were skewed, however, by a single sale of $29.13 million. The transaction for Emerald Grove, a 3,641-acre citrus property in Fort Pierce, also was completed by Cusson.

In all, however, the firm completed 50 transactions during the second quarter of 2019, 14 of which were for dollar amounts of $1 million or more.

Since its formation in 1996, SVN Saunders has completed $2.96 billion worth of commercial real estate and land transactions, the firm says.