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| Kim Flores |
MIAMI, FL – JLL Capital Markets has secured the sale of Shops at Midtown Miami, a 347,740-square-foot grocery-anchored retail center in Miami, Florida. The price was not disclosed.
JLL worked on behalf of the seller to procure the
buyer, Benderson Development.
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| Danny Finkle |
The Shops at Midtown Miami occupies over 18 acres and
boasts an impressive leasing rate of 98.3%. Built in 2006, the center boasts an
exceptional lineup of national retailers, including Target, Ross Dress for Less,
Dick’s Sporting Goods, Marshalls and HomeGoods, and attracts a steady stream of
over 3.4 million annual visitors.
With its strong tenant mix and reliable revenue, this
property presents a secure and diverse investment opportunity. Additionally,
the center offers the convenience of 2,860 structured garage parking spaces,
ensuring an enjoyable shopping experience for visitors.
The Shops at Midtown Miami, situated at 3401 N Miami
Ave., offers a prime location that caters to a diverse consumer base. With its
proximity to major highways such as I-95, I-195 and I-395, this retail center
provides easy access to popular neighborhoods including Miami Beach, Downtown,
Design District and Brickell, making it appealing to both affluent residents
and tourists.
Surrounded by a vibrant mix of multi-family housing
options and hotels, the center benefits from a bustling and dynamic local
environment.
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| Eric Williams |
JLL Capital Market’s Investment and Sales Advisory team representing the seller was led by Senior Managing Director and Co-Lead of JLL’s Retail Capital Markets team Danny Finkle, Senior Directors Eric Williams and Jorge Portela and Vice President
Kim Flores.
“The Shops at Midtown Miami is one of South Florida’s
most exciting projects set within a dynamic, high-energy location,” commented
Finkle. “Projects of this quality and scale in a highly sought-after market
like Miami rarely trade.”
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers.
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| Jorge Portela |
The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization.
The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
For more news, videos and research resources, please
visit JLL’s newsroom.
Contact:
Grace Lewis
PR, Capital Markets
JLL
2401 Cedar Springs Rd.
Dallas, Texas 75201
M +1 903 520 3478
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