Jaime Sturgis, the CEO of industry disruptor and neighborhood placemaker Native Realty, just closed his third big investment sales transaction in the last three weeks. Sturgis represented the buyer of a 6.6-acre commercial site in Davie.
Summerwind Properties LLC of Fort Lauderdale acquired the 10450 W. State Road 84 site for $9.84 million. Digital Comm Link Inc. was the seller. The transaction closed on Aug. 2.
The site includes two existing industrial buildings totaling 14,605 square feet, leaving plenty of room for future office or industrial development. Its proximity to I-595, Fort Lauderdale International Airport and Port Everglades make the site highly desirable for commercial users.
On July 15, Sturgis represented Summerwind in the $17.5 million sale of a Fort Lauderdale industrial building. The Davie transaction satisfies the requirements for a 1031 exchange.
Five days after closing the Fort Lauderdale industrial sale, Sturgis represented both sides of the $10 million off-market sale of a Flagler Village office building. In that deal, Charlotte-based real estate investment company Asana Partners expanded its established presence in Flagler Village by acquiring the office building, an adjacent warehouse and surface parking lot.
“We are not letting supply constraints, rising interest rates or any broader market conditions stand in the way of making deals happen,” Sturgis said. “With this new transaction in Davie, we identified a perfect site for our client to reinvest the proceeds from last month’s disposition. We continue to see intense demand for well-located commercial real estate throughout Broward County.”
Native recently relocated its corporate headquarters to a new Fort Lauderdale office that is double the size of its previous headquarters. The 4,000-square-foot office is located at 1926 E. Sunrise Blvd. in the city’s Victoria Park neighborhood.
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 1 million 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 at 1926 E. Sunrise Blvd. in Fort Lauderdale. For more information, visit www.nativerealty.com.