 |
| Robert Rivani |
 |
The 10,916-square-foot GEKKŌ at 8 S.E. 8th Street is across the street from Brickell City Centre, a $1 billion landmark mixed-use development in Miami's thriving financial district |
The coveted properties include GEKKŌ, a Japanese-inspired steakhouse in the Brickell Financial District, and Amara at Paraiso, a waterfront Latin American dining experience located in the Edgewater neighborhood.
The 12,316-square-foot Amara at Paraiso
sits at 3101 N.E. 7th Avenue in the
vibrant Edgewater neighborhood
just north of Downtown Miami
JLL Capital Markets is co-listing the assets alongside FA Commercial. Anticipated pricing for the properties together is expected to be north of $55 million.
 |
| Bad Bunny |
 |
| David Grutman |
"Passing along the torch for these jewel assets is the
natural next step as we move on to bigger projects on the horizon.”
Backed by recording artist Bad Bunny
and hospitality innovator David Grutman, the 10,916-square-foot GEKKŌ
located at 8 S.E. 8th St., opened in August 2022 and quickly gained
international popularity.
Chef Michael Schwartz
.
The
property features a luxe steakhouse and late-night entertainment lounge. GEKKŌ
is across the street from Brickell City Centre, a $1 billion landmark
mixed-use development that is the opulent epicenter of the thriving Brickell
Financial District.
 |
| Alex Sharrin |
Completed in 2018, the
12,316-square-foot Amara at Paraiso sits at 3101 N.E. 7th Ave., in the vibrant Edgewater
neighborhood just north of Downtown Miami.
The restaurant provides guests with a unique
dining experience from The Genuine Hospitality Group, led by James Beard
Award-winning chef and restaurateur, Michael Schwartz.
 |
| Jeffrey Cicurel |
The property’s location provides exceptional
connectivity to all major submarkets in eastern Miami via Biscayne Boulevard,
Interstate-195, the Macarthur Causeway, Interstate-95, Interstate-295 and the
Dolphin Expressway.
The asset is also within walking distance to
major demand drivers, including Wynwood and Design District.
 |
| Noel O’Donnell |
Both assets have over 15 years of remaining lease term, durable in-place cash flow, superior tenant sales and future densification potential at pricing significantly below replacement cost.
The JLL Capital Markets Investment Sales and Advisory team
representing the seller is being led by Senior Managing Director Alex
Sharrin, Director Jeffrey Cicurel and Analyst Noel O’Donnell.
“JLL
is excited to bring to market two of Miami’s marquee restaurants. With a lack
of available space in Brickell and Edgewater, these powerhouse brands have
unique staying power further solidified by long-term lease commitments and
underlying real estate,” said Sharrin. “We expect private capital both domestic
and abroad to flock to this high-profile opportunity.”
Brickell City Centre
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers.
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.
 |
| Mary Brickell Village |
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:
Kristen
Murphy
JLL Director
Public Relations
Phone: +1 617 543 5873
Email: Kristen.Murphy@jll.com
