MIAMI—The former Match Point Tennis building in Oakland Park's burgeoning Culinary Arts District, has traded hands. The sale marks a clear trend in the South Florida commercial real estate industry worth exploring.
Jaime Sturgis of Fort Lauderdale commercial real estate firm Native Realty brokered the sale. The buyer of the 1510 East Oakland Park Boulevard building is Wynwood furniture retailer Antique to Chic. This is believed to be the first relocation of a Wynwood retailer to Oakland Park. Joe Caprio of Joe Caprio & Co. Real Estate represented Antique to Chic in the transaction.
“There is a trend of independent business owners looking to purchase real estate instead of leasing,” Sturgis tells GlobeSt.com. “Business owners want to take advantage of artificially low interest rates and owner-occupied financing opportunities before rates rise this year.”
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