FOR IMMEDIATE RELEASE
Sperry Commercial Global Affiliates – Flint Brokers & Associates assisted Lung Biotechnologies in their disposition of their $1.78 million free-standing oceanfront office building and adjacent parcel.
Satellite Beach, Fla. – September 1, 2020:
Founding Principal, James Flint, CCIM of Sperry Commercial Global Affiliates – Flint Brokers & Associates, a commercial real estate firm headquartered in Melbourne, represented the seller, Lung Biotechnology, in the $1.78 million sale of their 8000 square foot oceanfront executive office building. The buyer, Shoolin, LLC was represented by Michael E. Dreyer, CCIM, Broker/President of Dreyer & Associates Real Estate Group.
Lung Biotechnology’s parent company, United Therapeutics, is headquartered in Silver Springs Maryland, and is a publicly traded global biotech firm with a mission to develop treatments for rare diseases. The company's principal, Avi Halpert, Vice President of Corporate Real Estate, oversees the acquisition, disposition, and management of the corporation's holdings.
“We were impressed by the persistence, dedication, and attention to detail from Mr. Flint, and his team at Sperry Commercial,” said Halpert. We were offering a beautiful property on the beach, but it was designed exclusively for our company, and may not have been the highest and best use of prime oceanfront real estate to the broadest group of buyers.”
The Sperry Commercial – Flint Brokers team understood that from the beginning, and initiated an aggressive marketing campaign, tailored not only to office users, but also hospitality operators, and multifamily developers.
Within weeks of listing the property, they were able to present their client with several offers, but suggested that their sellers keep it on the market to ensure that the offering had received sufficient exposure. Unfortunately, that was followed by the Covid-19 emergency, which halted commercial transactions for several months.
“Mr. Flint updated me every week, and it became clear that no amount of adversity, including a global pandemic, was going to deter him or the rest of his group,” said Halpert.
Fortunately, when activity returned, the Sperry Commercial – Flint Brokers team was able to present their client with five competing offers within weeks of each other.
“When we generate a ‘buzz’ around an offering, we can create the greatest leverage for our client, and ultimately command the highest selling price,” said Flint.
“Our mission is to understand what the market demands, and present our client's offerings in a way that will generate the greatest interest. Instead of creating a single marketing approach, we develop a multi-faceted strategy, and regularly fine-tune our message. Throughout any campaign, we measure the response, and determine what produces the most activity for our clients."
About Sperry Commercial Global Affiliates – Flint Brokers & Associates
Founded in by James Flint, CCIM, Sperry Commercial – Flint Brokers' team serves as expert commercial real estate advisors to owners and investors across a broad spectrum of industries. By combining their in-depth local market knowledge and connections, with the broad reach of their global affiliate network, and their utilization of the latest technologies, they are able to deliver strategic, targeted solutions to their clients, with integrity and professionalism. For more information, visit www.flintbrokers.com.