Nutt specializes in the acquisition and disposition of net-lease retail properties – where the tenant pays the property taxes, insurance and maintenance costs, which reduces the risks of property ownership for the landlord. In his new role, he will work alongside Patrick Luther and Matthew Mousavi in leading the national net-lease team and with Steve Miskew in leading the Fort Lauderdale office as they expand in the South Florida region.
“Just as retailers have to adapt and change to account for online and omnichannel approaches, the brokerage industry, especially for net lease, continues to evolve, requiring a broader reach, deeper knowledge base and a collaborative team approach,” explained Nutt in prepared remarks. “Aligning myself with SRS, given their best-in-class tenant rep and project leasing divisions combined with the National Net Lease Group, will be a huge step forward in growing the business and better servicing our client’s needs.”
With 13 years of net-lease industry experience, Nutt primarily represents developers and institutional clients in facilitating the sale and acquisition of single- and multi-tenant, net leased assets. Throughout his career, he has been involved in more than $1.1 billion in completed transactions.
Nutt joined Calkain Companies in 2006 and quickly climbed the ranks from research analyst to brokerage to leadership and oversight of the company’s private market brokerage division.
“Patrick has a stellar reputation and is widely regarded as the top net lease broker in the state of Florida. He is a great cultural fit, and shares our views on the importance of being aligned with the right people and the right firm,” said Mousavi, a managing principal with the national net lease group. “Together we intend to continue our growth in Florida and beyond as we have done in other strategic markets throughout the country. His hiring is further indication of our presence in the market as a leader in this space.”
The move comes at a time of rapid growth for SRS, which has announced three new office locations and the addition of a debt and equity services group last year. Nutt’s presence in Florida will strengthen the national net lease group’s presence on the East Coast, according to a corporate statement announcing the hire. The company is bolstering its coverage coast-to-coast after brokering more than 300 sales in 2018 and amassing more than $1.1 billion in assets currently listed for sale across 40 states, while its national net lease group has grown to 50 professionals nationwide.