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2024 Top Broker Awards
National
Matthew Mousavi and Patrick Luther
Sales Total
$2 billion
Closed 500 transactions valued at $2 billion
Notable deals included a $15-million ground-lease buy of two Chick-fil-As
At the close of 2023, the SRS Capital Markets team, led by co-founders and managing principals Matthew Mousavi and Patrick Luther, closed $2 billion in transactions, with over 500 properties sold in more than 30 states.
Notable transactions included the ground-lease acquisition of two Chick-fil-A assets totaling approximately $15 million located in California’s Palm Desert and Mission Viejo. The blended closing cap rate was 3.83%, marking the lowest cap rates for Chick-fil-A-occupied properties sold year-to-date in the Western U.S.
The team also handled the $6.875-million record-breaking sale of a 34,199-square-foot single-tenant retail property in Buena Park, CA; at 4.92%. The sale broke the record for the lowest reported cap rate for a single-tenant grocery/supermarket property sold in California in 2023. Another notable deal focused on the ground-lease sale of a 185,682-square-foot property in Linden, NJ, occupied by Walmart. The sale was part of a larger break-up strategy for eight parcels of Legacy Square, which, when completed, will be valued at more than $86.5 million.
These are some of the reasons we selected the team of Matthew Mousavi and Patrick Luther as one of the National winners in Connect CRE’s 2024 Top Broker Awards. These awards recognize industry professionals who have demonstrated the highest standards and transaction volumes in investment sales and leasing.