FOR IMMEDIATE RELEASE
SVN ǀ BLACKSTREAM ACQUIRES CHARLOTTE BASED FIRM SVN ǀ COMMERCIAL REAL ESTATE ADVISORS
Greenville, SC (April 3, 2019) SVN I BlackStream, a full service commercial real estate firm headquartered in Greenville, South Carolina, announced today that it has acquired SVN I Commercial Real Estate Advisors in Cornelius, North Carolina. The newly expanded firm, which will operate under the name SVN I BlackStream, is now one of the largest commercial real estate firm in the Carolinas.
The acquisition deal, which was finalized on March 7, 2019, was negotiated by Tom McMahon, Managing Director of SVN I Commercial Real Estate Services, Ford Elliott, CEO of SVN I BlackStream, Alex Dmyterko, President of SVN I BlackStream, and Josh Howard, Senior Vice President of SVN I BlackStream.
Tom McMahon explained his desire for the strategic sale: “After building the first and largest commercial real estate firm in Lake Norman area 20 years ago, I am excited about the opportunity to bring our attention and brand to Charlotte. We are looking to rapidly grow our presence and establish a major firm in Charlotte.”
SVN I BlackStream, which specializes in commercial real estate investment sales, landlord leasing and tenant representation, disposition and corporate services, had been operating in the Greenville market since 2014, and had been seeking to establish a larger footprint in the Carolinas. After the acquisition, the new SVN I BlackStream will have nearly 55 Advisors serving major markets in North and South Carolina.
“We are very pleased to expand into the largest market in the Carolinas. Our customers have wanted us to be able to help them directly in Charlotte, and by adding an experienced and successful brokerage firm in the market, which has successfully helped SVN clients for nearly 20 years, we found the perfect opportunity,” said SVN I BlackStream CEO Ford Elliott. “The ultimate winners from this merger will be our customers, who will have one cohesive platform handling their real estate in the Carolinas.”