Notable Retail Leases Signed in South Florida Q2 2018

Aug 27
Notable Retail Leases Signed in South Florida Q2 2018

Commercial real estate in South Florida continues to be a healthy market as exhibited by metrics in the Q2 2018 report. While there are a number of construction projects as well as acquisitions, retail leasing is also striving with several major retail leases closed in the past 3 months.

We’ve compiled a comprehensive list of the top retail leases signed by square footage in South Florida during Q2 2018.

While the headlines continue to focus on retail store closures, the retail leasing market in South Florida remains strong. Rent growth remains strong in Miami-Dade, Broward, and Palm Beach county with overall vacancy rates stable. Both Miami-Dade and Broward saw positive absorption, as both tenants and landlords compete vigorously for some of the prime boxes being vacated by the Toys R Us’s of the world.”

Gabriel Navarro, Principal

LA Fitness Signed Lease Miami Florida

Top Retail Leases in South Florida (Alphabetically by Submarket)

SubmarketProperty AddressTenantSFLandlordLandlord Agent
Delray Beach3001 S Federdal HighwayLifetime Kickboxing10,656Gator InvestmentsN/A
Doral58th Ave & 107th AvenueAldi’s20,000EHOF Congress Doral RetailDanny Pou
Fort Lauderdale17 S Fort Lauderdale Beach BlvdCrystal Ballroom12,634Thor EquitiesAriel Bernstein/ Rafael Romero
Hialeah3505 NW 20 AveDD’s Discount23,423SterlingRobert Vreeland
Kendall12755 SW 88 STAldi’s21,850MMGDaniel Pou
Kendall10868 SW 104th StPlanet Fitness10,166Bindor Killian LLCJoel Benes
Kendall16205 N Kendall DriveLa Colonia7,839CenturyDaniel Pou
Kendall14083 N Kendall DriveAmerica’s Best4,500KimcoDoug Wolfe
Kendall14651 SW 56 StOcean Bank3,744Grec Properties LLCDanny Pou
Kendall7250 N Kendall DriveErba2,900Duncan HillsleyRafael Romero/ Steven Henenfeld
Kendall7251 N Kendall DriveEmpire Social2,825Duncan HillsleyRafael Romero/ Steven Henenfeld
Miami Beach1045 5th StreetTarget33,503ComrasMichael Comras
Midtown3635 NE 1st AveFitness User (withheld)25,000Mack Real EstateIrma Figueroa
Midtown3401 N Miami AveF45 Fitness5,258DDRAlyona Tsutskova
Midtown3401 N Miami AveIdeal Image3,500DDRAlyona Tsutskova
Pembroke PinesPines City CenterWalk Ons Bistreaux8,283Courtelis CompanyJim Zaydon
Pembroke PinesPines City CenterChuy’s Tex Mex7,505Courtelis CompanyJim Zaydon
Pinecrest9171 S Dixie HighwayCitibank4,085MMGDaniel Pou
Pinecrest7800 SW 104 STBurger-Fi2,400RegencyMarielle De La Hoz
South Dade12500 SW 152 STLA Fitness40,000RAMBrian Richardson
South Dade18403 S Dixie HighwayRoss26,100WoolbrightJeff Kalil
South Dade19101 S Dixie HighwayPlanet Fitness19,700RegencyMarielle De La Hoz
South Dade18403 S Dixie HighwayFive Below8,204WoolbrightJeff Kalil
Westchester8760 Bird RdDD’s Discount19,817The Shops of Bird RdAllan Benes
Westchester8665 Bird RdCoral Gables Hospital16,685Bird 87th Ave VillageAllan Benes

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