Garmin finds its way to Miami Beach’s Lincoln Road

Miami /
Jul.July 31, 2015 02:15 PM

Garmin has leased space on Lincoln Road, following a slew of new tenants in the hot Miami Beach shopping district.

GPS navigation giant Garmin will open its first South Florida retail store at 511-513 Lincoln Road, RKF announced in a press release.

The 2,636-square-foot single-story space was formerly occupied by Tesla and will open toward the end of this year. It marks the second location in the United States, RKF said. The first is in Chicago.

“Garmin’s decision to open its second location here is a testament to Lincoln Road and the South Beach retail market,” Drew Schaul, RKF vice president, said in a statement. “A forward-thinking tech company like Garmin will be a great addition to Miami, where the health and fitness segments are booming, and further solidifies Lincoln Road as the choice location in this international gateway city for retailers to maximize gross revenue and brand awareness.”

Schaul and RKF Senior Director John Ellis represented Garmin, while the landlord was represented in-house.

Lincoln 511 LLC owns the building, according to Miami-Dade County property records. The LLC is tied to Jenel Management Corp., a private real estate investment and management firm based in New York City. Jenel paid $1.3 million in 1998 for the 5,444-square-foot building, which is between Drexel and Pennsylvania Avenues. It’s next to Yuca, which has been involved in heated litigation with its landlord.

New and returning tenants to the area include Brazilian activewear company Live!; Italian accessories brand O Bag; Pottery Barn and Williams-Sonoma; Anthropologie and Tumi.

Last week, Lincoln Road property owners voted in favor of creating a special tax district on Lincoln Road to fund improvements. The Lincoln Road Business Improvement District, or BID, will have a 10-year life and will support the promotion, management and marketing the popular pedestrian promenade. — Katherine Kallergis


Related Articles

arrow_forward_ios
Russell Galbut and Michael Shvo with rendering of office clock tower project at 407 Lincoln Road and 1030 Sixth Street (GFO Investments, SHVO, Getty)
Miami Beach board approves Galbut hotel, Shvo office project
Miami Beach board approves Galbut hotel, Shvo office project
Michael Shvo with a rendering of 407 Lincoln Road and Steve Witkoff, Alex Witkoff, Monroe Capital’s Theodore Koenig, and The Shore Club at 1901 Collins Avenue (SHVO, Witkoff, Monroe Capital)
Miami Beach board to vote on Shvo’s office project and Witkoff’s Shore Club
Miami Beach board to vote on Shvo’s office project and Witkoff’s Shore Club
SL Green’s Andrew Mathias, Boich Investment Group’s Wayne Boich and Related Companies’ Bruce Beal with rendering of 1920 Alton Road (SL Green, Boich Enterprises, Related Companies)
Wayne Boich, Related’s Bruce Beal and SL Green president plan Miami Beach project
Wayne Boich, Related’s Bruce Beal and SL Green president plan Miami Beach project
Robins Companies' Scott Robins, Peebles' Donahue Peebles, former Miami Beach Mayor Philip Levine and Don Peebles with rendering of 1664 Meridian Avenue (Robins Companies, LinkedIn, City of Miami Beach, Public domain, via Wikimedia Commons, The Peebles Corporation, 1664 Meridian Ave General Partner LLC)
Voters defeat Peebles, Sternlicht office projects in Miami Beach
Voters defeat Peebles, Sternlicht office projects in Miami Beach
Rihanna and renderings of the Miami Worldcenter and the leased Savage X Fenty Storefront (Getty, Miami Worldcenter)
Lease roundup: Rihanna’s Savage X Fenty signs at Miami Worldcenter
Lease roundup: Rihanna’s Savage X Fenty signs at Miami Worldcenter
Michael Shvo with 407 Lincoln Road
Shvo wants to redevelop aging Lincoln Road clock tower building
Shvo wants to redevelop aging Lincoln Road clock tower building
Ronny Finvarb and Joseph Chetrit with the Miami Beach Macy's (Finvarb Group, Getty Images, Google Maps)
Ronny Finvarb and Joe Chetrit nab Miami Beach Macy’s for $16M
Ronny Finvarb and Joe Chetrit nab Miami Beach Macy’s for $16M
Don Peebles and Barry Sternlicht with renderings of proposals to develop city-owned property in Miami Beach (Starwood, Integra, Comras JV, Polo Sivori, CC BY-SA 4.0 via Wikimedia Commons, Getty)
Miami Beach voters to decide on controversial Peebles, Sternlicht office projects near Lincoln Road
Miami Beach voters to decide on controversial Peebles, Sternlicht office projects near Lincoln Road
arrow_forward_ios

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

Loading...