CBRE has arranged a new 10,175-square-foot retail lease to Central Rock Gym at 2916 North Miami Avenue in Miami to serve as the company’s first location in South Florida.
This lease brings the retail aspect of the property to full occupancy.
“Our entire team at Central Rock Gym is incredibly excited about serving the Miami area, and bringing a world class bouldering, fitness and training facility to this impressive location in the Wynwood neighborhood,” said Edward Hardy, owner of Central Rock Gym.
The rock-climbing gym and fitness facility currently has over 20 locations across the east coast, including one location in Tampa and another location that will be opening in Orlando. The Miami location will feature a glass store front and 24-foot ceiling heights. It is expected to open in Q1 2024.
Located on the corner of Northwest 29th Street and North Miami Avenue, The Gateway at Wynwood is an eight-story, 195,000-square-foot Class A office building with 25,000 square feet of premier ground floor retail.
“As employers continue to urge employees to spend more time in the office, it was important for us to find a unique amenity to serve our tenants and the Wynwood community. Central Rock Gym will be a valuable addition to the property,” said Shelby Rosenberg, US Portfolio Asset and Property Manager for R&B Realty Group.
Alex Cesar and Drew Schaul with CBRE in Miami represented the landlord, R&B Realty Group, LLC, in lease negotiations. Daniel DePasquale and David Eggnatz with Katz & Associates represented the tenant.
“We believe The Gateway at Wynwood offers everything Central Rock Gym was looking for, such as visibility, easy access, plenty of parking, ceiling heights greater than 22 feet, and the most centrally located submarket in Miami-Dade County,” said CBRE First Vice President Alex Cesar. “Right now, access to experiential retail and shopping options are among some of the most desirable amenities for office users.”
According to CBRE’s Retail Q1 2023 report, U.S. retail availability rate fell to 4.8% in Q1 2023, a record low since CBRE began tracking the market in 2005.
Get the latest industry news and information from CRE-sources delivered right to your email inbox! And we promise…no more than one email each morning.
And we promise…no more than one email each morning.