The property involved in this lease transaction is located at 1120 Lincoln Road in Miami Beach. It is a commercial space with a total square footage of 253,168. The landlord of the property is BH Properties, represented by Jim Brooks. The tenant of the space is The Regal Cinema South Beach Stadium 18.

Summary of transaction details

• Property Type: Commercial
• Transaction Amount: N/A
• Address: 1120 Lincoln Road
• Market: Miami Beach
• Landlord: BH Properties - Jim Brooks
• Tenant: The Regal Cinema South Beach Stadium 18

The Regal Cinema South Beach Stadium 18, part of the second-largest cinema chain in the US, has decided to keep its location on Lincoln Road open in South Beach. Despite initial plans to close, this decision demonstrates a shift in the company's strategy due to the increased interest in cinemas driven by recent blockbuster hits. The challenges posed by the pandemic and streaming competition have also played a role in this decision.