Jaime Sturgis-led firm brokers prominent developer’s $6.4 million acquisition of multifamily development property and $4.25 million sale of Chops + Hops property

 

FORT LAUDERDALE, FL – Sept. 22, 2022 –Native Realty, the industry disruptor and neighborhood placemaker led by CEO Jaime Sturgis, brokered a pair of notable investment sales transactions in Fort Lauderdale’s Flagler Village. The firm represented both sides of developer Dev Motwani’s $6.4 million purchase of a portion of a multifamily development site in the neighborhood, and successfully represented the seller of a mixed-use property that is home to the popular Chops + Hops.

Sturgis and Native Sales Director Kaley Tuning arranged the multifamily development property sale to Motwani’s Merrimac Ventures. Located at 407 N. Andrews Ave., the property is part of an assemblage approved for high-rise apartment development. Merrimac has announced plans to develop the 30-story ArtsPark Lofts there.

The overall project site also includes an adjacent property that was not part of this transaction.

ArtsPark Lofts is planned to include 289 apartments, with a mix of studios, one-bedroom, one-bedroom plus den and two-bedroom units, nearly 2,000 square feet of commercial space and a six-story parking garage. Construction is not expected to begin before the end of 2023.

In the meantime, Native has been retained to lease the remaining vacant space at the site’s existing commercial buildings. Turnkey Class A space is available for lease.

Elsewhere in Flagler Village, Sturgis and Senior Associate Dan Ross brokered the $4.25 million sale of a mixed-use property at 702-704 NE First Ave. The 8,864-square-foot building is home to Chops + Hops Axe Throwing Lounge, which has been voted “Best of Fort Lauderdale in many categories including “Best Craft Cocktail List” and “Best Date Night.” Other tenants include Fort Liquordale Wine + Spirits, Mama Hank’s speakeasy and kitchen and Crossed Keys Society tattoo studio.

Barkan Investments LLC sold the property to the Strachman Family Trust.

“These two sales reflect the versatility and unique local knowledge of the Native team,” Sturgis said. “Our long-term placemaking efforts in Flagler Village have created encyclopedialike knowledge of our markets, allowing us to connect the best buyers and sellers for Multifamily development sites, triple-net (NNN) deals and everything in between.”

The latest transactions follow a busy summer highlighted by Sturgis completing more than $50 million in deals in a 30-day span.

Native now operates from 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.

 

Firm’s Jaime Sturgis and Dan Ross represent sellers of land where 252-unit Advantis Station will rise

 

FORT LAUDERDALE, FL – April 1, 2022 – Native Realty, the Jaime Sturgis-led real estate firm that is disrupting the industry and placemaking South Florida’s hottest neighborhoods, brokered the $11 million sale of the future site of Advantis Station at Flagler Village in Fort Lauderdale. Sturgis and Native Senior Associate Dan Ross represented the sellers in a deal that closed on March 31.

 

The 1.4-acre site was one of the last available assemblages in Flagler Village and is across the street from Peter Feldman Park. Buyer Midtown PAL Flagler Village LLC plans to build a 12-story, 252-unit rental project with a 300-space parking garage, expansive pool and amenity deck, open-air pedestrian plaza and ground-floor retail and restaurant space. Construction is expected to begin this year, with resident move-ins targeted for 2024.

 

Based in New Smyrna Beach, the buyer is a vertically integrated real estate investment and development company with a quarter-century track record of delivering high-quality projects. 

 

Sturgis and Ross represented four different owners of the properties, which are located at the intersection of Sistrunk Boulevard and Northeast Third Avenue, in the sale to Midtown PAL Flagler Village.

 

“This complex transaction was made possible because of our creativity, strong relationships and extensive knowledge of the neighborhood,” Sturgis said. “We were able to expand on the original offering of nearly one acre to round out the site and allow the buyer to move forward with a premier multifamily development.”

 

Sturgis and the Native team have consistently generated notable investment sales and leasing transactions since the start of 2022.

 

Last month, the firm announced a number of recently completed office, retail and industrial sales throughout Broward County. Those deals followed a busy end of 2021 highlighted by Sturgis representing entrepreneur and #1 Wall Street Journal bestselling author Patrick Bet-David on his purchase of commercial buildings in Oakland Park and Fort Lauderdale for a combined $8.6 million. Bet-David’s media company, Valuetainment, is expected to base its new headquarters in Oakland Park.

 

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.

Jaime Sturgis-led firm completes fourth office expansion in four years; bolsters team with three new real estate agents

 

FORT LAUDERDALE, FL – Dec. 2, 2021 – Native Realty, the Jaime Sturgis-led real estate firm that is disrupting the industry and placemaking South Florida’s hottest neighborhoods, 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.

 

This is Native’s fourth office expansion in four years due to the firm’s aggressive growth. Sturgis launched Native in early 2017 and quickly assembled a team of top-producing brokers and associates. He has since developed a Property Management division to make Native a full-service, vertically integrated firm.

 

The new office’s exterior is adorned with a colorful mural of South Florida’s flora and fauna. Inside, a bright neon sign glows Native’s mantra “LOI or Die” on the wall of the office’s expansive kitchen and dining table. Interior features include multiple conference rooms and lounge areas, ping pong and billiards tables, putting green, individual workstations and open workspaces to encourage collaboration.

 

“Our new headquarters gives us a strong presence on a prominent Fort Lauderdale corridor,” Sturgis said. “It provides us with room to continue growing our team of talented and passionate agents moving forward. We are excited about this new chapter for Native.”

 

Native also added three new real estate agents to its growing roster: Will Grace, Donnie Jenkins and Stacy Karst.

 

A Chicago transplant, Grace focuses on working with owners and operators throughout the investment life cycle, from acquisition to disposition.

 

Jenkins comes to Native with vast hospitality experience and is leveraging that background for clients in Fort Lauderdale and throughout South Florida. He also has experience with retail and office space.

 

Karst is a native Floridian who has nearly two decades of real estate experience, including successfully starting up a real estate brokerage and working in property management.

###

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.

Jaime Sturgis-led firm creates Native Management with a technology focus and ability to serve a wide range of property owners, from local investors to institutional firms

 

FORT LAUDERDALE, FL – May 13, 2020 – Native Realty, the pioneering Fort Lauderdale-based commercial real estate firm led by Jaime Sturgis, has successfully launched Native Management. The new property management company enables Native Realty to operate as a full-service, vertically integrated company and assist clients in all facets of real estate investment and ownership.

Sturgis partnered with industry veteran Carlos Saez to join Native Management as COO. Saez brings substantial property management experience and entrepreneurial spirit to the company. Before joining Native Management, Saez served as COO at PropertyForce.

The flexibility, white glove experience and cutting-edge technology Native Management offers to property owners differentiates the new company from its competitors. It is equipped to serve owners of all sizes, from mom-and-pop investors with individual properties to institutional firms with portfolios of up to 1 million square feet.

With a 97% collection rate from tenants to date, Native Management’s collections are far exceeding that of competitors. For instance, retail real estate investment trusts (REITS) responding to a Nareit survey of its members reported experiencing a drop in April collections to 46% of their typical monthly rent. 

Native Management utilizes proprietary technology to provide a one-stop digital platform accessible to owners and tenants 24 hours a day. Its centralized platform includes all property details, income statements, balance sheets and cash flow statements available at the click of a button. The technology dramatically streamlines rent collections, maintenance coordination, property accounting, vendor management and much more.

“The creation and launch of Native Management is a pivotal milestone in the evolution of Native Realty,” Sturgis said. “Many of our competitors have an old-school philosophy about management and stringent minimum requirements for property size. Our technology, flexibility, proactive approach and expertise in managing client expectations position us to quickly gain significant market share.”

Since the onset of the COVID-19 crisis, Native Management has worked closely with its existing clients. The company is educating clients and providing resources to seek various forms of assistance, including SBA loans, PPP financing and other forms of emergency disaster relief.

“The younger generation is so tech-focused, and convenience is king,” Saez said. “Our platform not only helps clients with collections, it makes the user experience for tenants much easier. During these challenging times, we are already helping property owners minimize losses and ultimately thrive when the world emerges from the crisis.”

For more information about Native Management, visit nativere.com/manage.

Native Realty is headquartered at 719 NE Second Ave. in Flagler Village.

 

###

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 750,000 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 in the heart of Flagler Village at 719 NE Second Ave. For more information, visit www.nativere.com

Firm CEO Jaime Sturgis and John Brewer secure first tenant at major development in booming Fort Lauderdale neighborhood

 

FORT LAUDERDALE, FL – Jan. 23, 2020 – Native Realty, the pioneering Fort Lauderdale-based real estate firm led by Founder and CEO Jaime Sturgis, finalized a lease for popular restaurant Mitch’s Westside Bagels to open a new location at Flagler Village development Motif. Sturgis and the firm’s John Brewer arranged the transaction.

 

A longtime staple for deli enthusiasts in Weston, Mitch’s is set to open a 2,000-square-foot restaurant on the ground floor of Motif. ArchCo Residential and Bluerock Real Estate Holdings are building Motif at 500 N. Andrews Ave. The site of the 385-apartment project with nearly 25,000 square feet of retail and restaurant space spans a full block from North Andrews Avenue to Northeast First Avenue and from Northeast Sixth to Fifth streets.

 

Native is exclusively marketing the retail and restaurant space at Motif.

 

Financial terms of the Mitch’s lease were not disclosed.

 

A traditional New York-style deli owned by Mitch Shidolfsky, Mitch’s is known for its fresh bagels made on site, homemade salads, smoked fish shipped from Brooklyn and more.

 

“Mitch’s is sure to have a big following among residents of Motif and others who live, work and spend time in Flagler Village,” Sturgis said. “We are excited to secure this lease with the restaurant and look forward to announcing additional tenants at Motif soon.”

 

The North Phase of Motif is scheduled to be completed in January 2020, with the South Phase to follow in April 2020. Motif’s design includes a paseo that will connect North Andrews Avenue to Northeast First Avenue and double as an entertainment venue, with market stalls, outdoor restaurant seating, a 7,396-square-foot public plaza and courtyard.

 

Motif is an example of how prominent developers and investors who historically would have hired large national real estate brokerages to market their commercial projects are increasingly turning to Native in the Flagler Village area.

 

The latest transaction keeps the momentum going from a historic year for Native and Sturgis. The year began with the January 2019 milestone sales of The Hive and Flagler Uptown in Flagler Village, which set neighborhood records on both a price per building square foot and land square foot basis and was the culmination of Sturgis’ multi-year efforts successfully curating the properties with a vibrant mix of tenants.

 

On Oct. 30 in Miami, Sturgis was honored by Urban Land Institute (ULI) Southeast Florida/Caribbean as the 2019 Young Leader of the Year. Sturgis earned the prestigious award for his holistic approach to placemaking in Flagler Village and the other urban core neighborhoods he lives, works and plays in.

 

Native Realty is headquartered at 719 NE Second Ave. in Flagler Village.

 

###

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 600,000 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 in the heart of Flagler Village at 719 NE Second Ave. For more information, visit www.nativere.com

Native Realty is involved with about 10 Opportunity Zone sites in the city, including The Six13

 

FORT LAUDERDALE, FL – Aug. 21, 2019 – Jaime Sturgis, Founder and CEO of pioneering commercial real estate firm Native Realty, is increasingly being called on to market properties and new developments located in Qualified Opportunity Zones within Fort Lauderdale’s Flagler Village, 13th Street and Sistrunk Boulevard neighborhoods. In the latest example, Affiliated Development has retained Native to exclusively market The Six13, the first vertical project rising in newly renovated Sistrunk.

 

The Six13 – named after its 613 NW Third Ave. address – has generated significant attention due to the project’s location within an Opportunity Zone and the attainable rent structure proposed for the 142 apartments. Sturgis is marketing the ground-floor restaurant space, which includes 3,424 square feet of interior space and 576 square feet of outdoor seating. Affiliated is scheduled to complete the project in June 2020.

 

Including The Six13, Native is working with owners and developers of about 10 Opportunity Zone sites in Fort Lauderdale’s emerging urban neighborhoods.

 

“The momentum created by Flagler Village is expanding west to Sistrunk, which is quickly becoming the new frontier for investors and developers,” Sturgis said. “We are proud to work with Jeff Burns and the rest of the Affiliated team on such an impactful project for the city and neighborhood. The Opportunity Zone program makes The Six13 that much more enticing for potential commercial tenants.”

 

Affiliated is also incorporating a co-working space available to The Six13’s residents on the ground floor next to the restaurant space. The project is a short walk from the city’s Virgin Trains USA station, connecting Fort Lauderdale to Miami and West Palm Beach via passenger trains.

 

For Sturgis, the latest assignment continues a banner year that began with the January 2019 milestone sales of The Hive and Flagler Uptown in Flagler Village. The $13.25 million sale of the mixed-use buildings set neighborhood records on both a price per building square foot and land square foot basis and was the culmination of Sturgis’ multi-year efforts successfully curating the properties with a vibrant mix of tenants.

 

On Sept. 5 in Miami, Sturgis will be honored by Urban Land Institute (ULI) Southeast Florida/Caribbean as the 2019 Young Leader of the Year. Sturgis earned the prestigious award for his holistic approach to placemaking in Flagler Village and the other urban core neighborhoods he lives, works and plays in.

 

Native Realty is headquartered at 719 NE Second Ave. in Flagler Village.

 

###

About Native Realty: Founded in 2017 by pioneering Fort Lauderdale-based commercial real estate broker Jaime Sturgis, Native Realty specializes in leasing and investment sales in the urban core and emerging markets in South Florida. The company’s brokers bring more than 55 years of real estate experience to the region’s market, working 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 Realty is headquartered in the heart of Fort Lauderdale’s Flagler Village at 719 NE Second Ave. For more information, visit www.nativere.com

Page 1 of 2