One of our core covenants at SVN is “Honor my commitments”. A career in commercial real estate requires commitment, and it most certainly requires honoring the promises we’ve made- to our clients, our colleagues, and ourselves.

Commercial real estate transactions take time. Deals don’t come together overnight. Building relationships with clients and colleagues takes time. Closing deals can sometimes take years, requiring tenacity, and perseverance.

One of my latest sales took almost two years to complete. Talk about tenacity and commitment! During the time 401 Los Altos Parkway in Sparks, Nevada, was on the market, multiple offers were made, and multiple offers fell through. 401 Los Altos is a pad site on a highly trafficked corridor in Sparks, Nevada, and was one of the last available in that area. The pad was encumbered with a ground lease to a large corporation, who had first right of refusal to purchase the property. In this case, the lessee had 45 days to respond after each offer was made by a third party. We diligently presented and responded to each offer. Unfortunately, time kills all deals and waiting for the lessee to respond often got in the way of opening escrow.

Eventually, the lessee decided to purchase the site and after two years, a successful deal was reached.

Although this deal took time, patience, and tenacity, I knew I needed to honor my commitments and see this deal through. SVN and its members are committed to getting the deal done. Through perseverance, problem solving, and a whole lot of dedication, we make deals like this come together. 

Tomi Jo Lynch, SIOR, CCIM, Managing Director

775.530.2621

Tomijo.lynch@svn.com