Native Realty Closes Two Sales for More Than $4M

10/24/19

Jaime Sturgis-led company completes transactions in Fort Lauderdale and Pompano Beach

Native Realty, the pioneering 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.

“These successful transactions are a testament to our team of dedicated Investment Sales specialists,” Sturgis said. “Sellers of commercial real estate in core Broward County markets are increasingly turning to Native to help them maximize their returns.”

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.

About Native Realty: Founded in 2017 by pioneering Fort Lauderdale-based commercial real estate broker Jaime Sturgis, Native Realty is disrupting the real estate industry and redefining what it means to be a broker. Sturgis and his team of passionate brokers specialize in leasing and investment sales in the urban core and emerging markets in South Florida. Instead of looking at individual listings and transactions in a vacuum, Native takes a holistic approach to the urban neighborhoods the company’s brokers live, work and play in. The firm is best known for its role curating Fort Lauderdale’s Flagler Village neighborhood, completing more than 600,000 square feet in transactions in the last few years. It is now expanding its placemaking efforts to urban core neighborhoods throughout South Florida. Native works with all types of clients, from Fortune 500 companies to small businesses. Notable clients have included Coca-Cola, Integra Realty Resources, U.S.A. Parking and many more. Native is headquartered in the heart of Flagler Village at 719 NE Second Ave. For more information, visit www.nativere.com.