More than 150,000 square feet of retail space at Miami Worldcenter has already been completed, with another 130,000 square feet currently under construction and nearing delivery.
The site includes an existing 3,224-square-foot retail building and is zoned for development of up to 20 stories.
In the last 30 days, six tenants have opened their doors at the centre, occupying 16,742 square feet of retail space.
The brokerage plans to open two offices in South Florida and two others in Tampa and Orlando.
The transaction was brokered by Jordan Gimelstein and David Spitz of Koniver Stern Group.
Drew A. Kristol and Kirk D. Olson, investment specialists in Marcus & Millichap’s Miami office, had the exclusive listing to market the property on behalf of the seller, an affiliate of Lombardi Properties and Bayshore Investment Partners.
The project will comprise 250,000 square feet of retail and 578 affordable senior housing units. Retail tenants Include Target, Aldi, Ross, Five Below and more.
Located at 3601 North Miami Avenue in Miami, the site sits at the gateway of three of Miami’s three most dynamic, high-growth districts: Miami Design District, Midtown Miami, and Wynwood.
“With the vaccine gaining more traction each day, companies are feeling more confident about executing on their growth strategies,” said Azor. “We are now backfilling space vacated during the pandemic with tenants who are willing to make long-term commitments.”
The transactions include two retail and office buildings in South Miami.
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