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MIAMI-As part of its expansion plans for Florida, Irvine, CA-based Sperry Van Ness has signed a 10-year area development agreement with former president Jerry Anderson. Under the agreement Anderson, who currently serves as the firm’s CEO and co-founder, will seek to increase its market share in the seven major markets in which the company currently operates but also expand into other strategic areas.

The company currently has 50 commercial real estate advisors throughout the state. “My mission is to grow the revenue of the existing franchises, and open up and expand other franchises in other areas of the region,” Anderson says.

He adds that the move is part of a companywide initiative to grow through area development agreements. The company also plans to sign similar agreements in Chicago and Seattle. About six years ago, the company made a decision to grow operations through the establishment of franchises, rather than opening its own “brick and mortar” facilities. “We see tremendous opportunity for growth in Florida, which is already the third largest state in the union,” says Sperry Van Ness CEO and co-founder Mark Van Ness, in a prepared statement. “We believe Jerry is the best man to achieve this growth in his home state.”

Specifically, Sperry Van Ness is seeking a local or regional retail specialty firm, multifamily specialty firm and office/industrial firm that want to grow throughout the state without spending their own capital. Anderson adds that the company is partial to firms working in the Interstate 4 corridor from Daytona Beach to Tampa.

The company is also looking for three hotel specialists, preferably in South Florida and/or Jacksonville; two self-storage specialists, preferably in Orlando and South Florida; and two institutional specialists of properties over $20 million, one in South Florida and one in Central Florida.

Anderson notes that the companies will either be acquired outright or through a franchise agreement. “For example, right now we’re looking for a company within a 50-mile radius of the Stuart area to buy outright,” he says.

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