As Miami Beach continues to experience business migration and the return of international visitors, the Lincoln Road District reports drawing over 7.8 million visits over the past year, demonstrating a strong post-pandemic recovery in foot traffic.
Marcus & Millichap will be joining OpenStore and Veru as the first three tenants in The Gateway at Wynwood.
Matt McAllister, Chris Metzger, Rick Etner, and Christopher Thomson represented building owner Black Creek Group in the lease of the ±25,300-square-foot warehouse and distribution center.
Edge 22 is composed of a single land parcel spanning 1.64 Acres and is zoned T6-36A-O and falls within a federally designated opportunity zone.
JLL Executive Managing Director Sky Groden, Vice President Evan Christiansen, and Vice President Jeremy Cain, will be leading leasing efforts on behalf of the building owner.
This is the first time the property has sold since it was established over two decades ago.
The new sale marks the third time the brokers sold the same corner over a 10-year period.
CBRE has been hired as the new leasing agent for the 300,000 square foot twin tower project.
Here are the most popular news headlines this past week on CRE-sources.
The seller, a joint venture, purchased the property and excess development land in 2016 for $90 million and executed an extensive redevelopment and re-tenanting of this iconic Ft. Lauderdale asset.