Edens Investment Trust Pays $20 Million For Downtown Miami Whole Foods Market
Edens Investment Trust reportedly paid $19.6 million for the new Whole Foods Market in downtown Miami.
P&G Development was the seller, the South Florida Business Journal reported. The Miami-based company sold the retail space and underground parking to an Edens affiliate.
The 41,000-square-foot store is in the 462-unit Met 3 development, which recently topped off construction. Koniver Stern’s Lyle Stern represented P&G, according to the publication.
“What Whole Foods means to downtown Miami at this point in time is really important,” he said to the South Florida Business Journal. “It validates the strength of the market. Just look at how busy it is. It’s another piece of what makes a community livable.”
Source: The Real Deal
————————-
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. Just follow the instructions below.
-------------------------
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. CLICK HERE TO SUBSCRIBE TODAY!
