Clem Coté – Managing Principal
Clem Coté is a Managing Principal and a founding partner of Sovereign Realty Group. He began his career in early 1998 in commercial real estate, with a focus on retail and industrial sales and leasing. In 2006, Clem made a full time transition to investment sales, specializing in retail net leased (NNN) properties, shopping centers, strip malls and mixed use properties.
Clem’s strong research skills allowed him to assemble a comprehensive database of properties nationwide. Through this database and network of property owners, he is able to help potential clients facilitate their buying requirements, oftentimes under the time constraints of an IRS 1031 exchange. Spanning the course of his career, Clem has consulted on hundreds of transactions, ranging from the sale of NNN properties to the acquisition of car dealership franchises on Long Island. Some of the more recognizable NNN tenants involved in the property sales include CVS, Walgreens, McDonalds, People’s United Bank, Stop & Shop, 7-Eleven and Dunkin Donuts. He assisted Restaurant Depot in their acquisition and subsequent expansion of their Garden City, NY facility. He also worked with Merubeni Motor Service in the acquisition of the Sportique Jaguar & Porsche dealership.
Clem earned a Bachelor’s Degree in Business Administration from Villanova University. He is an active member of the International Council of Shopping Centers (ICSC), The Long Island Real Estate Group (LIREG), State Association of Realtors (NYSAR), National Association of Realtors (NAR) and the Long Island Board of Realtors (LIBOR). He is also active in The Retail Network, based on Long Island. He actively contributes to returning and injured veterans in need through the Wounded Warrior Project.