USA Pro Realty, Inc. has purchased a redevelopment property at 2215 North Federal Highway in Hollywood, Florida. The 9,553-square-foot retail property, built in 1952, was purchased for $940,000, or approximately $98.00 per square foot. The building, part of a multi-tenant retail space, is situated on approximately 0.44 acres.
USA Pro Realty, Inc. represented itself in the purchase and plans to occupy 4,000 square feet. The commercial brokerage firm will be relocating its offices from Aventura to the new location upon completion of an entire renovation and repositioning of the property.
A veteran in commercial real estate brokerage, Matthew Jacocks and veteran real estate investor Eli Ran have teamed up to launch USA Pro Realty, Inc., which specializes in all sectors of commercial real estate including advisory, debt and equity placement.
“We purchased this property with the vision to bring a fresh, sophisticated look to this area in Hollywood and create an uplifting and inspiring work environment for our agents,” commented Jacocks. “I am excited to partner with Eli to create a commercial brokerage firm that offers a variety of commercial real estate services as well as a contemporary workspace for our agents. Eli and I share the same desire to build an ethical firm that embodies a genuine care for both its clients and agents. We believe in quality over quantity when it comes to agents, ensuring our clients receive the service they deserve.”