Notable retail leases signed in South Florida, Q3 2018

By MMG Equity Partners  |  October 23, 2018

We’ve compiled a comprehensive list of the top retail leases signed by square footage in South Florida during Q3 2018.

While the headlines are focused on the challenges and closures of major chains such as Kmart, Sears, and Sport’s Authority, the retail leasing market in South Florida remains strong as evidenced by some major leases signed in the 3rd quarter and new retailers entering the market.

Industry executives gathered at the Commercial Conference & Expo 2018 on October 19th, hosted by the Miami Association of Realtors, to discuss trends and state of the market.

“Retail leasing activity in South Florida remains robust. Vacancy rates overall remain at historically low levels, with Miami and Fort-Lauderdale both at 3.8%. The coming quarter should be a busy one, with a flurry of activity from retailers and developers vying for the best real estate left behind by the closures of Toys R Us, Sears, and Kmart.”

– Gabriel Navarro, Principal, MMG Equity Partners

Top retail leases in South Florida – Q3 2018

Location Tenant SF Landlord Landlord Rep Tenant Rep
Jupiter Sprouts 30,900 Konover Zach Feldman Lindsey Pankey
Miramar Sprouts 20,535 Kite Ryan Joyce Lindsey Pankey
Kendall Wawa 2 acres Leon Medical Paco Diaz
Doral Banfield 2,800 EHOF Doral Retail Daniel Pou Ivo Tsinev
Kendall Floor & Decor 82,311 Berkowitz Michael Berkowitz Melody Spano
Pembroke Pines Bento Asian Kitchen + Sushi 3,000 Terra Rod Castan
View the full list

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