Retail space at 1100 Millecento sells for $10.5M

Tenants of recently completed development include Freddo Gelateria and Prime Cigar

TRD MIAMI /
Apr.April 10, 2015 03:45 PM

Retail space at 1100 Millecento in Brickell sold for $10.5 million, The Real Deal has learned.

A group of South American investors purchased 17,500 square feet of ground floor and mezzanine retail, Fabio Faerman of FA Commercial Advisors told TRD. Faerman brokered the deal.

Future tenants include: Freddo Gelateria, which has a location on Lincoln Road; Pizza Tonda, Prime Cigar and Level 1 Restaurant & Lounge. The price per square foot for the sale comes out to $650 per square foot.

Faerman said the buyers will invest about $11 million in the space’s buildout. The 10-year leases will total $14 million, he said. 

The 42-story tower has 382 units and was completed in January. The tower was originally scheduled to begin construction during the last cycle. Related Group is the developer. 1100 Millecento is located near the future site of the 1.05-billion mixed-use Brickell City Centre, developed by Swire Properties.


Related Articles

arrow_forward_ios
2401 West Atlantic Boulevard, Nightingale’s Elie Schwartz and Simon Singer and David Egozi of JDM Realty Group (Credit: Google Maps)

GDF Properties scores a retail center in Pompano Beach

Rendering of Life Time’s resort at The Falls

Luxury athletic resort to take over Bloomingdale’s space at The Falls

Some of the top retail leases in 2019 (Credit: Google Maps)

These were South Florida’s biggest retail leases of 2019

Daily Digest Miami

Palm Beach estate hits market for $110M, Gulfstream Park bets on $20M renovation

Riverstone Capital Group founder Jorge Portela and Shoppes of Forest Hill at 4316-4450 Forest Hill Boulevard (Credit: Google Maps)

Walmart-anchored shopping center in WPB sells for $20M

Shoppes at the Lexi with Kirk Olson and Drew Kristol

Latvian investor buys North Bay Village shopping center

18901 Southwest 106th Avenue, MMG Equity Partners CEO Gabriel Navarro (Credit: Google Maps)

MMG Equity Partners picks up retail center in Cutler Bay

Rendering of the Plaza Coral Gables

Pinstripes bowling alley inks lease at The Plaza Coral Gables

arrow_forward_ios
Loading...