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South Florida

Ikea inks $31.5M deal in Miami

Following reports that Swedish furniture and meatball vendor Ikea was planning to open a store near Sweetwater’s Dolphin Mall by fall 2014, the chain has closed on site in a $31.5 million deal, the South Florida Business Journal reported.

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The 15-acre site next to Dolphin Mall, located  at the intersection of Dolphin Expressway and Florida’s Turnpike, will contain some 417,000 square feet of retail space — making it the largest of Ikea’s South Florida locations. Procacci Development was the seller. [SFBJ] —Christopher Cameron

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