CBRE Arranges 22,600-SF Lease For Plum Market’s First South Florida Location

CBRE has arranged a new 22,600-square-foot lease at 17801 Biscayne Blvd. in Aventura on behalf of Plum Market. The space will serve as Plum Market’s first location in Florida and is scheduled to open in the fall of 2022.

Paco Diaz with CBRE represented Plum Market in the lease. The landlord is Sam Management Corp., as agent for Aventura Plaza Partners, LLC.

“The search to identify a strategic location for Plum Market’s first location in the South Florida market took nearly two and a half years. In view of South Florida’s tight retail market, it was a bit of a challenge to find the right size space in the right market with adequate demographics and economics,” said Diaz, a Senior Vice President with CBRE. “Because our market knowledge we were able to identify an existing lease that was expiring in 2022 and negotiate a new lease for Plum Market’s large format store.”

 

“Florida is one of our most requested markets to enter. We have a built-in community of Midwesterners who spend their winters in the Miami area. They know our brand, they know our quality, and they want to rely on our services year-round,” adds Matt Jonna, CoFounder and CEO of Plum Market. “We couldn’t be happier to serve Miami residents and we look forward to continued growth in the Florida market.”

Built in 1972, Aventura Plaza is a 90,000-square-foot retail center. Tenants include Ace Hardware, My Gym Aventura, and Anthony’s Coal Fired Pizza, among others.

Plum Market has more than 25 locations across Michigan, Illinois, Indiana, Ohio, and Texas, with new locations recently announced in Hollywood, CA and Washington, DC. Renowned for their quality and innovation in the natural grocery sector, the company is best known for its organic groceries, chef crafted cuisine, alcohol selection, and most importantly their commitment to stocking natural, organic, and locally crafted items. Plum Market serves its brand of lifestyle essentials to millions of guests per year across its multiple formats.

 

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