The retail property located at 2 South Miami Avenue in Downtown Miami has been leased out to MODE. The property, housed in the historic Burdine's building, previously occupied by Le Chat Noir, spans 5,200 square feet. The lease transaction was facilitated by Oliver Silver of Aetna Realty, serving as the landlord, while the tenant, MODE, will be setting up their operations in the space. The deal was brokered by Sam Azar and Mika Mattingly of Colliers International, with an asking rent of $45 per square foot.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: Not specified
• Address: 2 South Miami Avenue
• Market: Downtown Miami
• Landlord: Oliver Silver - Aetna Realty
• Tenant: MODE
• Brokers: Sam Azar & Mika Mattingly - Colliers International
• Asking Rent: $45/ft. ~ SF: 5,200

The South Florida Urban Core Team of Colliers, represented by Sam Azar and Mika Mattingly, successfully facilitated the lease transaction for MODE Miami. MODE, a new establishment in the space, is led by Louis Puig, a well-known nightlife entrepreneur, and Matt Ohashi of Minimax Events. The transition from the previous occupant to the new occupants marks an exciting new chapter in the vibrant nightlife scene of Downtown Miami.