Azor Advisory Services announced four new tenants at an expanding retail center in Hialeah.
The businesses signed land leases at the East Hialeah Marketplace. Each will build its own store/restaurant on outparcels ranging in size from 1-1.5 acres.
Azor serves as the exclusive leasing agent for the landlord, Hemisphere Holdings LLC, which developed the outdoor shopping center five years ago at 3500 N.W. 79th Street in Hialeah. The new tenants are:
- Take 5 Oil Change, a franchised automobile service concept, will construct a 1,421 square foot facility. It was represented by Bryan Fetherston of The Shopping Center Group.
- Modwash is an automated car wash operation that offers single washes and prepaid membership options.
- Sonic is planning to build a new 1, 227 square-foot quick-service restaurant. It was represented Andrew Pearl of Investment Management Association.
- Wells Fargo, represented by Russell Bornstein of Colliers International, is building a stand-alone ATM location.
All the new tenants are expected to open for business in the Spring of 2022.
This past summer, Azor announced it landed dd’s Discounts to the East Hialeah Marketplace. The landlord will build and lease a 22,000 square foot store for the national retailer which is expected to open in May 2023. Craig Fetherston and Jim Petrarca from the Shopping Center Group represented dd’s in that transaction.
“Leasing activity remains strong at well-located retail centers in South Florida,” said Beth Azor, founder and owner of Azor Advisory Services. “After mostly sitting on the sidelines in 2020 due to the pandemic, we are now seeing national brands re-emerge and driving much of the demand for new space.” She continued: “Hialeah is one of those cities on the rise with increase home values and new residential development taking shape. That is the kind of growth retailers pay attention to.”
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