fbpx

Flagler Village Office Building Sells for $10 Million in Off-Market Deal

Asana Partners, a Charlotte-based real estate investment company, purchased an 18,251-square-foot office building at 707 NE Third Ave. in Fort Lauderdale for $10 million. The property is adjacent to a 6,520-square-foot warehouse and surface parking lot. 

Jaime Sturgis, the CEO of Native Realty, represented both sides of the Flagler Village office building, which Telecom Building Corp. sold. The recent closing follows a $17.5 million off-market industrial transaction Sturgis brokered in Fort Lauderdale’s Studio City neighborhood on July 15. Native also has additional large investment sales transactions to close in the coming weeks.

“With two off-market closings totaling $27.5 million, the past week has been a showcase for Native’s creative dealmaking abilities,” Sturgis says. “The buyer has been actively targeting opportunities in Flagler Village. We were able to identify a well-located office building that strengthens its footprint in the neighborhood.”

In January, Asana made its initial foray into Flagler Village by acquiring The Hive and Flagler Uptown retail and office buildings.

Sturgis HAS played a leading role in revitalizing and curating the mural adorned Hive and Flagler Uptown, which became Flagler Village’s signature buildings. He also helped broker the record-setting 2019 sale of the buildings to Tricera Capital, which sold to Asana three years later.

In May, Sturgis closed the $5.475 million off-market sale of a commercial real estate portfolio in Studio City. Developer Abby Laughlin, one of the visionaries behind Studio City’s evolution into a vibrant area with retail, dining, entertainment and artistic components, sold the portfolio to Queen Progress Investments Inc. The buyer was a group of Canadian investors making its first foray into the neighborhood.

In April, Sturgis represented both sides in the $7 million off-market sale of Fort Lauderdale’s Cordova Building. He secured a buyer and full-price offer within a week after being engaged by seller Southern Centers Associates I LP.

Native recently relocated its corporate headquarters to a new Fort Lauderdale office double the size of its previous headquarters. The 4,000-square-foot office is located in the Victoria Park neighborhood at 1926 E. Sunrise Blvd. in Fort Lauderdale.

You May Also Like

Construction Begins on Luxury Apartment Project in Royal Palm Beach

Lynd Development recently commenced building The Villas at Tuttle Royale, a 401-unit luxury apartment project in Western Palm Beach County. The real estate firm partnered with Tuttle Land Investments on the project, which required a $126 million construction loan from S3 Capital and $21 million in preferred equity from Declaration Partners. The 401-unit rental community will

Nicklaus Children’s Health System Appoints Kevin Snyder to Serve as Vice President of Marketing and Communications

Kevin Snyder has been hired as Vice President of Marketing and Communications at Nicklaus Children’s Health System (NCHS) in South Florida. NCHS is the parent organization of Nicklaus Children’s Hospital, South Florida’s only licensed specialty hospital exclusively for children. “We are delighted that Kevin will lead our marketing and communications programs,” Jennifer McCafferty-Fernandez says, Ph.D.,

Vinya Wine to Celebrate National No Phone Day With Miami’s Top Restaurants

Wanting restaurant guests to enjoy their meal and camaraderie with friends and family, Vinya Wine is spearheading an initiative to encourage patrons to enjoy a sip of wine with friends or family on National Phone Day. Organized by Allegra Angelo, Vinya Wine partner and sommelier, Tuesday, April 18 has been declared No Phone Day, with

Sales Launch at New Broward Community

Pulte Homes, one of the nation’s largest homebuilders, recently commenced sales at Cassia Commons, a new townhome community in Lauderdale Lakes. The 44-home gated development is located between the Florida Turnpike and I-95, bordered by NW 30th Street to the north, NW 33rd Ave to the west, and Somerset Drive to the east. It is

Other Posts

NSU Broward Center of Innovation Hires Catarina Suplicy as New Director of Community Engagement

The Alan B. Levan | NSU Broward Center of Innovation in Fort Lauderdale hired Catarina Suplicy as the new Director of Community Engagement. Suplicy’s diverse background includes experience in operations, events, sales, catering, and conferences. Suplicy brings excellent organizational and leadership skills, an entrepreneurial mindset, and fluency in three languages to the Levan Center of

Major League Baseball Star Max Scherzer Purchases Luxury Jupiter Estate

Lori Schacter of Illustrated Properties closed the nearly $18 million sale of a waterfront estate in Jupiter’s exclusive Admirals Cove community purchased by Major League Baseball player Max Scherzer. Schacter successfully listed the corner lot at 217 Commodore Drive and secured a sale close to the property’s asking price.  Scherzer, a three-time Cy Young Award

Waterfront Mansion in Boca Raton Lists for Over $22 Million

La Casa Delle Palme, a gated estate offering 150 feet of waterfront property in Boca Raton overlooking the Royal Palm Waterway and Capone Island, was recently listed for $23 million. The Listing Agent is Matthew Quattrociocchi of CENTURY 21 Tenace Realty. The home has seven bedrooms, nine full baths, and two and a half baths

Innovative Mental Health Brand Opens in Coral Gables 

Ellie Mental Health, a franchise focused on making quality mental health services more accessible, continued its national expansion by opening its first location in Coral Gables to provide innovative mental health care services for all ages. The Coral Gables clinic is located at 1533 Sunset Dr, Suite 225. Local owner Nicholas Machado developed a passion