Native Realty Sells Match Point Tennis Building In Oakland Park To Wynwood Retailer

Feb 05, 2018 No Comments by

Jaime Sturgis of pioneering Fort Lauderdale commercial real estate firm Native Realty has completed the sale of the former Match Point Tennis building in Oakland Park’s burgeoning Culinary Arts District.

The buyer of the 1510 East Oakland Park Boulevard building is Wynwood furniture retailer Antique to Chic.

The 6,052-square-foot retail building sold for nearly $1.1 million. The transaction closed on January 31, 2018. Match Point Properties LLC was the seller.

Antique to Chic is set to relocate from the Miami neighborhood to the Culinary Arts District. It joins an existing roster of retail, bar and restaurant tenants including Funky Buddha Brewery, Lucky’s Market and Switchbox Coffee Roasters.

This is believed to be the first relocation of a Wynwood retailer to Oakland Park.

 

“Attracting a Wynwood retailer represents a huge milestone in the evolution of the Oakland Park Culinary Arts District,” said Sturgis, whose team has closed more than $325 million in deals over the past few years. “The Match Point Tennis building was a staple in the community and is perfectly positioned for Antique to Chic to thrive. We are excited to continue curating the neighborhood and boosting the restaurant, retail and entertainment mix.”

The Match Point building was originally constructed in 1965 and remodeled in 2007. It was previously occupied by a dry cleaner. The property has on-site parking and signage opportunities with exposure to about 40,000 vehicles each day.

Located just north of Fort Lauderdale, the district has experienced a revitalization as part of Oakland Park’s long-term initiative to renovate the downtown area. Funky Buddha served as a catalyst and centerpiece for the district after opening in April 2013. The company was acquired in August 2017 by international beer, wine and spirits giant Constellation Brands, which had previously paid $1 billion for San Diego-based Ballast Point Brewing Co.

Funky Buddha’s acquisition provides “proof of concept” for the Culinary Arts District, Sturgis said.

A Fort Lauderdale native, Sturgis has been a driving force in identifying the city’s urban neighborhoods with untapped potential and generating leasing and investment sales activity in those emerging markets. He has dominated the Flagler Village neighborhood, completing 500,000 square feet in transactions in the last three years to help the now-popular area become a true live, work and play destination.

Joe Caprio of Joe Caprio & Co. Real Estate represented Antique to Chic in the transaction.

Native Realty is headquartered in Flagler Village’s the Hive – a popular complex with retail, restaurants, offices, a vintage arcade bar and yoga studio.

 

 

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Broward County Retail, Industry News, NA, Retail
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