Ripco Real Estate Signs Three-Year Lease For 5200 Square Feet At The Gateway In Wynwood

The asset involved in this transaction is an office space located at 2916 North Miami Avenue in Miami, featuring a total square footage of 5,200. This property is situated within The Gateway at Wynwood, reflecting an urban setting suitable for commercial activities.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not specified
• Lease Term: three-year
• Landlord: Jerry Dunn - A10 Capital
• Tenant: Tony Pavli - Ripco Real Estate
• Brokers: Alex Marquez & Chris Harak - Blanca Commercial Real Estate

This deal marks Ripco Real Estate's relocation of its Miami office from Brickell, resulting in a 30% expansion in their operational footprint to support future growth. The transaction, a three-year sublease from a Villatel Resorts subsidiary, was managed by Blanca Commercial Real Estate, consistent with Ripco’s expansion strategy in South Florida following the previous year's acquisition of Acre.