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Michaels Signs 21K SF Lease At Causeway Shopping Center In Indian Harbour Beach

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LEASED

Florida

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Retail21,000 SF
Leased 10/24/2023
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LEASED

Michaels Signs 21K SF Lease At Causeway Shopping Center In Indian Harbour Beach

243 East Eau Gallie Boulevard

See Similar Deals
Retail21,000 SF
Leased 10/24/2023

Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$0
Total Square Footage:21,000 SF
Transaction Type:Lease

The Sembler Co. and Forge Capital Partners have signed a lease with Michaels for a new store at the Causeway Shopping Center in Indian Harbour Beach, Florida. The lease is for a 21,000-square-foot retail space, replacing the former Office Depot. The store is expected to open before the end of the year.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Not available
  • Address: 243 East Eau Gallie Boulevard
  • Market: Indian Harbour Beach
  • Landlord: The Sembler Co. - Greg Sembler
  • Landlord's Representative: Not mentioned
  • Landlord: Forge Capital Partners - Robert Moreyra
  • Landlord's Representative: Not mentioned
  • Tenant: Michaels

The Sembler Co. and Forge Capital Partners are the key individuals and companies involved in the lease agreement with Michaels. Greg Sembler represents The Sembler Co. as the landlord, while Robert Moreyra represents Forge Capital Partners. The collaboration between these parties aims to bring a new retail option to the Causeway Shopping Center, enhancing the retail offerings in Indian Harbour Beach.

Details

LEASED
IMAGE: Greg Sembler & Robert Moreyra DATE: 10/24/2023 ADDRESS: 243 East Eau Gallie Boulevard MARKET: Indian Harbour Beach ASSET TYPE: Retail ~ SF: 21,000 LANDLORD: The Sembler Co. (@SemblerCompany) - Greg Sembler (@SemblerGreg); Forge Capital Partners - Robert Moreyra TENANT: Michaels (@MichaelsStores) NOTE: The Sembler Co. has signed a 21,000-square-foot lease with Michaels for a new store at the Causeway Shopping Center in Indian Harbour Beach, Florida. The store will replace the former Office Depot and is set to open before the year's end.

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Deal Type
Effective Rent (Annual)

$1,203,707.33

Total Lease Value

$12,037,073.28

Net Landlord Cash Flow$1,203,707.33