Native Realty Closes Off-Market Office Building Sale In Fort Lauderdale
Firm CEO Jaime Sturgis and COO Kaley Tuning represented the seller in the $5 million transaction, which equates to $650 per square foot.
Firm CEO Jaime Sturgis and COO Kaley Tuning represented the seller in the $5 million transaction, which equates to $650 per square foot.
The leases total just over 30,000 square feet.
Tobin Real Estate Senior Vice President Louie Granteed had the exclusive listing on the property and represented both the seller and the buyer in the sale of the asset.
Built in 1984 and 1985 on 5.5 acres, the Deerfield Financial Centre comprises 60 office suites ranging in size from 120 square feet to over 4,750 square feet.
The sale price breaks down to approximately $417 per square foot.
The 4,502-square-foot live-work, loft-style industrial building—located at 437 NW 1st Avenue—was sold by the Charles L. Peet Revocable Trust.
The transaction was facilitated by Chris Gallagher of Blanca Commercial Real Estate, who represented the landlord in the deal. Marshall Chandler and Gus Martinez of CMV Commercial / The Martinez Team represented Century Cruise Line in securing their new South Florida office.
The project is nearing completion, with the West Tower fully topped out and slated for delivery at the end of 2025 and the newly launched East Tower targeting completion in 2027.
One tenant was represented by Tom O’Loughlin of CBRE, and the other was represented by Steve Medwin and Nick Wigoda of Newmark Southern Region LLC. Peter “PJ” Apol and Ryan Goggins represented Sunbeam Properties & Development in both deals.
The new assignments total more than 200,000 square feet.
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