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The activity includes a significant lease renewal with Brookfield Corporation, a global leader in financial services, underscoring the ongoing demand for high-quality office space in South Florida.
The shopping center recently underwent a complete redevelopment which included an expansion of Publix from 36,464 square feet to 46,811 square feet.
The site spans six parcels and is one of the last remaining sites of this size allowing for large-scale development in the Edgewater area.
The properties are occupied by Taco Bell and Burger King.
The building has been 70% pre-leased to a cruise ship industry provider of non-perishable food items and food service supplies commencing with building completion and tenant build-out, expected to be in the third quarter of 2025, and expiring February 2033.
The new tenants will occupy a total of 22,213 square feet of space.
Newmark was the sole broker in the transaction, with Executive Managing Directors Steve Medwin and Nick Wigoda facilitating the sale.
Vice President Bradley Arendt, Executive Vice President Mika Mattingly and Associate Jonathan Papeika of the Colliers South Florida Urban Core Division represented the seller in the transaction. Ryan Shaw of Marcus & Millichap represented the buyer.
The 134,267-square-foot warehouse is ready for tenant buildouts and can support many large operations.
The new leases cover a total of 65,800 square feet and include a combination of recently opened stores as well as those set to open later this year and in 2025.
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