Native Realty Closes Two Broward CRE Sales For More Than $4 Million

Oct 23, 2019 No Comments by

Native Realty, the Fort Lauderdale-based real estate firm led by Founder and CEO Jaime Sturgis, continued a banner year with the closing of property sales in Fort Lauderdale and Pompano Beach for a combined $4.1 million.

In Fort Lauderdale’s popular Victoria Park, Sturgis and Native’s Sara Dorfman arranged the $2.11 million sale of the mixed-use “Acque Celesti” site at 900-910 NE 20th Ave. The site includes three retail shops, the Hummus House restaurant, three apartment units and two deep-water slips that can accommodate mega-yachts.

F&B Waterfront, LLC, which is managed by an Austrian investor, is the buyer. The transaction closed on Oct. 16.

In Pompano Beach, which has been experiencing significant growth and development in recent years, Sturgis and Native’s Dan Ross brokered the $1.95 million sale of a 9,422-square-foot retail and restaurant building at 2715 E. Atlantic Blvd. – just west of the Intracoastal Waterway. HIP Atlantic 2715 LLC sold the property to 2715 East Atlantic LLC, a local investor.

Elsewhere in Pompano Beach, Sturgis is marketing for sale 7,358 square feet of office space on the ground floor of the Plaza at Oceanside at 1 N. Ocean Blvd.

The latest transactions keep the momentum going from a historic year for Native and Sturgis. The year began with the January milestone sales of The Hive and Flagler Uptown in Flagler Village, which set neighborhood records on both a price per building square foot and land square foot basis and was the culmination of Sturgis’ multi-year efforts successfully curating the properties with a vibrant mix of tenants.

On Oct. 30 in Miami, Sturgis will be honored by Urban Land Institute (ULI) Southeast Florida/Caribbean as the 2019 Young Leader of the Year. Sturgis earned the prestigious award for his holistic approach to placemaking in Flagler Village and the other urban core neighborhoods he lives, works and plays in. Native Realty is headquartered at 719 NE Second Ave. in Flagler Village.

 

 

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Broward County Retail, Industry News, NA, Retail
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