Native Realty Closes $15 Million In New Investment Sales Transactions
Three of the commercial property sales closed on the same day.
Three of the commercial property sales closed on the same day.
He will focus on providing quality retail services out of the Fort Lauderdale office in his new role.
The firm, led by Jaime Sturgis, continues to drive Bagels & Co.’s Florida expansion, brings Mercedes sprinter van showroom to Fort Lauderdale and a new food-and-beverage concept to Pompano Beach.
Claude Senhoreti, a professional race car driver and owner of Sienna Motors, the Buyer, plans to expand operations into this newly acquired site, enhancing their reputation for high-end automotive offerings. In addition to expanding their vehicle sales, Sienna Motors aims to redevelop the surrounding area into additional automotive uses, further revitalizing the neighborhood.
The tower, which has already achieved a 75% pre-sale rate, is slated for completion in 2025. Condo units range in size from 900 to 4,750 square feet, with prices from $675,000 to $4.4 million.
JLL represented the seller, Continental Realty Corporation. An affiliate of JBL Asset Management acquired the asset.
The development is currently leasing its third phase, and with an influx of new tenants, is now 83% leased.
As a boutique firm, Movement CRE stands out by delivering highly personalized, data-driven commercial real estate services that meets the evolving office, industrial, and retail needs for both occupiers and property owners across South Florida.
The property is nearly fully leased, with two new long-term leases from Presidente Supermarket and dd’s DISCOUNTS anchoring the center alongside established national brands like T-Mobile, Chase Bank and McDonald’s.
The property sold for $1,575,000.
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