Native Realty Closes $15 Million In New Investment Sales Transactions

Native Realty is brokering investment sales transactions at a torrid pace during the fourth quarter of 2024. The firm just completed $15 million in commercial real estate closings – including three commercial property sales that closed on the same day.

In Tamarac, Native brokered both sides of the $5.1 million off-market sale of a retail center. Jaime Sturgis, CEO of Native, represented seller Judith Strachman Revocable Living Trust. Native Executive Director Dan Ross procured the buyer, 8186 University Plaza LLC. The 34,803-square-foot center is located on a prime corridor at 8106-8186 N. University Drive.

In Fort Lauderdale, Native represented both sides in the $3.45 million sale of a freestanding retail building. Camp Canine Fort Lauderdale LLC sold the 9,150-square-foot building at 808 W. Broward Blvd. to Bee Capital LLC. Native COO Kaley Tuning marketed the property on behalf of the seller, while Sturgis represented the buyer.

Sturgis also collaborated with Native’s Jeremiah and Sarah Adler to represent the seller of a boutique office building at 412 SE 13th St. in Fort Lauderdale. Hub & Spoke LLC sold the 1,412-square-foot building to Azala Real Estate LLC for $985,000.

All three property sales closed on Nov. 15.

Elsewhere in Fort Lauderdale, Native recently closed the $5.36 million sale of a boutique multifamily property at 1350 and 1400 NE Fifth Terrace. The 28-unit building is located on 1.1 acres near the city’s emerging Studio City neighborhood.

“These new closings demonstrate Native’s ability to successfully broker investment sales transactions of all sizes, property types and submarkets,” Sturgis said. “We are seeing investment sales activity pick up significantly, as commercial real estate sellers and buyers demonstrate renewed confidence in the direction of the broader market. We have additional big transactions scheduled to close in the coming weeks.”

Native is actively interviewing senior commercial real estate brokers in Broward and Palm Beach counties to accommodate the increased demand for the firm’s services.