400K SF Of Retail Coming To One Of South Florida’s Biggest New Destinations
Colliers has been engaged to lead retail leasing for the mixed-use waterfront destination now under construction.
Colliers has been engaged to lead retail leasing for the mixed-use waterfront destination now under construction.
To support its continued growth, Native is actively interviewing senior commercial real estate brokers to meet rising demand from its expanding client base.
The retail strip totals 30,250 square feet on a 3.74-acre lot.
The freestanding building was previously home to Stout Bar & Grill.
The plaza sits on more than 10 acres. The property was 89% leased at the time of sale.
The tenant is Sola Salon Studios, the country’s largest salon suite franchise, with more than 740 locations across the U.S. and Canada.
The portfolio includes four shopping centers located in Miami-Dade, Broward and Palm Beach counties.
The property is anchored by two charter schools, which comprised approximately 86% of the leased space at the time of sale.
The property was originally brought to market as a lease opportunity, with ownership having no initial plans to sell. However, within days of the property signage being installed, multiple prospective tenants expressed interest in purchasing the site rather than leasing it.
The property, which was 92% occupied at the time of sale, had been under the same private ownership for the past 20 years.
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