International Banking Institution Establishes 27,000-SF HQ In Miami
Colliers’ Tom Farmer, Stephen Rutchik, and Ana Paula represented ownership in the lease negotiations. Tony Jones with Cushman & Wakefield represented the tenant.
Colliers’ Tom Farmer, Stephen Rutchik, and Ana Paula represented ownership in the lease negotiations. Tony Jones with Cushman & Wakefield represented the tenant.
The Riverside Wharf is designed to span 200,000 square feet and include a 30,000-square-foot nightclub, a rooftop pool day club, a 12,000-square-foot event hall, and 16,000 square feet of signature restaurant space.
He brings more than a decade of commercial real estate experience to CBRE, most recently serving as Senior Vice President at Related Ross in West Palm Beach.
The transaction involved space that was not formally marketed for lease and provided the tenant with a facility that met its operational and financial requirements in a market where properties suited for this particular use are increasingly difficult to secure.
Construction of the new Walmart is expected to begin this fall, with an anticipated opening in 2027. Approximately 8,000 square feet of retail space remains available for lease.
The eight-story development will introduce approximately 120,500 square feet of office and retail space to the neighborhood, including approximately 22,500 square feet of retail and more than 92,000 square feet of office space.
The property features approximately 115 feet of frontage along Lincoln Road and is currently occupied by a diverse tenant roster.
Avison Young brokered the sale.
The site comprises 50,000 square feet of retail across three buildings, along with a 60,000-square-foot, three-story self-storage facility.
The lease is structured as a five-year NNN lease with a rent of $70 per square foot.
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