Popular Miami brewery closes after 13 years

CVS moving into 1201 Brickell Avenue retail space

TRD MIAMI /
Nov.November 14, 2013 11:00 AM

A happy hour fixture in Miami’s financial district for 13 years, Gordon Biersch Brewery has closed its Brickell Avenue restaurant and bar to make way for CVS.

The company closed the Colonnade Plaza location earlier this month, Daily Business Review reported. Brokers involved in the CVS lease say the transaction took more than 24 months to complete. Gordon Biersch received an undisclosed buyout as part of the lease transfer to CVS for the 10,000-square-foot retail space.

Financial terms of the CVS lease were not disclosed. Retail rents in Brickell have surged to nearly $80 per square foot, according to the Miami Downtown Development Authority.

Colonnade Plaza at 1201 Brickell Avenue is owned by Florida East Coast Realty.

Gordon Biersch is a division of Big River Restaurants. It does not have any other Florida locations.

Carol Ellis-Cutler, senior vice president and partner at the Coral Gables office of Colliers International, represented CVS. Florida East Coast’s Jerome Hollo represented the landlord. [Daily Business Review]Eric Kalis


Related Articles

arrow_forward_ios
Seritage CEO Benjamin Schall, CTO CEO John Albright, and 1460 West 49th Street, Hialeah (Credit: Google Maps)

Seritage sells Hialeah shopping center for $21M

Seritage sells Hialeah shopping center for $21M
Southland Mall, 20505 South Dixie Highway in Cutler Bay with JLL's Tom Hall and Danny Finkle (Google Maps, JLL)

Southland Mall’s troubled $65M CMBS loan for sale

Southland Mall’s troubled $65M CMBS loan for sale
From left: Chris Maling, Donald K. DeWoody Jr., David Maling, and Alfredo Sanchez

North Palm Beach mixed-use property hits the market for $45M

North Palm Beach mixed-use property hits the market for $45M
Raanan Katz and 10760 Northwest 17th Street in Sweetwater (Photos via RK Centers; Raanan Katz)

Miami Heat minority owner pays $20M for Sweetwater Best Buy

Miami Heat minority owner pays $20M for Sweetwater Best Buy
Civic Construction CEO Williams Real, Vlad Doronin and an aerial view of the Brickell project's foundation (Getty, Linkedin, Golden Dusk Photography)

Construction accident at OKO Group’s Brickell tower site in Miami lands six workers in the hospital

Construction accident at OKO Group’s Brickell tower site in Miami lands six workers in the hospital
(iStock)

Bargain shopping: Here’s where resi prices fell the most in Miami in Q2

Bargain shopping: Here’s where resi prices fell the most in Miami in Q2
27359 South Dixie Highway and Longpoint Realty Managing and Founding Partner Dwight Angelini (Google Maps)

Longpoint buys Fresco Y Mas-anchored center in Naranja

Longpoint buys Fresco Y Mas-anchored center in Naranja
Jay Parker and Mike Sales, with 801 Brickell Avenue (Credit: Google Maps)

TIAA sues Douglas Elliman over allegedly unpaid rent at Brickell high-rise

TIAA sues Douglas Elliman over allegedly unpaid rent at Brickell high-rise
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...