350,000 SF Retail Center In Midtown Miami Sells
The 347,740-square-foot grocery-anchored retail center is situated on over 18 acres and boasts an impressive leasing rate of 98.3%.
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The 347,740-square-foot grocery-anchored retail center is situated on over 18 acres and boasts an impressive leasing rate of 98.3%.
Chris Spear of ComReal represented the buyer in the transaction, while Sky Groden of JLL represented Stonemont.
The leases total more than 11,500 square feet.
The 33-story tower spans 687,000 square feet.
The mixed-use property features a 20,150-square-foot class A office building with an attached 18,048-square-foot private hangar that can accommodate up to four planes, a luxury 2-bedroom/2-bathroom apartment overlooking the runway, and a prime development opportunity for fee simple-owned land zoned for additional airplane hangars or industrial development.
CBRE, represented by Chris Lee and Sean Kelly, alongside Blanca Commercial Real Estate, represented by Chris Gallagher, Christina Stine Jolley, and Andres Del Corral facilitated the transaction on behalf of the seller. The property was bought by Galium Capital.
Bridge is on track to deliver the LEED-certified 326,000-square-foot logistics complex in the third quarter of 2025.
In addition to ample square footage, the project will feature 32’ clear height, 16 loading docks, two ramps, a 120’ truck court and surface parking. The Butters organization will serve as the exclusive leasing agent.
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The property, located at 8150 NW 76th Avenue, has been owned by Seagis since 2007.
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