The new sale marks the third time the brokers sold the same corner over a 10-year period.
Eichholtz’s lease marks its first branded flagship location in Miami.
DWNTWN Realty Advisors Co-Founders and Managing Partners Tony Arellano and Devlin Marinoff listed the building.
Tony Arellano and Devlin Marinoff are overseeing leasing of the entertainment destination’s available retail, restaurant and office space.
The 1,758-square-foot eatery is scheduled to debut in spring 2022.
The site includes an existing 3,224-square-foot retail building and is zoned for development of up to 20 stories.
DWNTWN Realty Advisors Co-Founder Tony Arellano P.A. negotiated the deal on behalf of the building owner. Jeff Gordon and Matthew Goodman of JLL represented the tenant. CLICK ON THE HEADLINE FOR MORE
Before joining DWNTWN, she worked with Madison Marquette as a consultant on significant redevelopments. She also served as Vice President with CBRE, focusing on landlord representation, repositioning and new business development. CLICK ON THE HEADLINE FOR MORE
The sale represents a 57% return for MB America’s client within one year. CLICK ON THE HEADLINE FOR MORE
Metro 1 Founder and CEO Tony Cho and Metro 1 Commercial Executive Vice President Tony Arellano represented the seller in the transaction. CLICK ON THE HEADLINE FOR MORE
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