Marcus & Millichap Exclusively Lists Little Havana Development With Income
The development encompasses three contiguous properties that span 49,000 square feet.
The development encompasses three contiguous properties that span 49,000 square feet.
The leases total 14,201 square feet, or approximately 10% of the total rentable space.
The executed deals include two lease renewals, one expansion, and seven new leases, all of which were for Miami Tower’s newly completed spec suites.
The 33-story bayfront tower is more than 90% occupied.
The landlords were represented by Juan Ruiz, Andres del Corral, Jack Davidson, Jessy Aguila, and Tere Blanca, of Blanca Commercial Real Estate in the lease transaction. Brent Woodruff, Matthew Goodman, and Tyler Wyant from CBRE represented the tenant.
Black Lion President Robert Rivani has plans to invest an additional $50 million to reimagine the property into ‘Class X’ – an innovative concept that aims to redefine luxury and service standards in the office industry.
The leases total nearly 40,000 square feet of space.
Apple is constructing one of the biggest Apple Stores in Downtown Miami, a freestanding retail space surrounded by the Miami Worldcenter towers.
The building’s current tenant recently signed a new 30-year lease.
The nonprofit has retained Transwestern to provide Asset Services for the 5-story, 30,000-square-foot building.
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