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A previously announced ten-year lease for 82,000 square feet with an aircraft engine maintenance, repair and overhaul provider has been expanded to 92,000 square feet, and a new tenant has signed a lease for 72,000 square feet.
Since launching in 2023, Stream Florida has grown from just six team members to more than 45 professionals across Miami, Tampa, and Orlando.
The Art Deco retail property spans 35,240-square feet and is currently 98% leased to a premier tenant roster, including H&M, which anchors the property.
Orion acquired the property in 2015 for $27.8 million.
Plans call for 75,080 square feet across two buildings.
Marcus & Millichap’s Drew Kristol and Kirk Olson represented the seller, a local South Florida investor, in the transaction.
“This was a quick listing and closing cycle, which demonstrates the strong demand for this type of high-barrier-to-entry product,” said Everett. “We were able to generate significant buyer interest and close the deal in two months, which reflects the continued strength of the South Florida industrial market.”
Approximately 75 employees report to the South Florida headquarters.
Construction of the 134,000-square-foot store is underway, with a projected opening in 2026.
The buyer plans to remove the Marriott franchise and convert the property to student housing supporting Florida Atlantic University.
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