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2nd Street Leases 3000 Square Feet At PMG's Society Wynwood In Miami For 10 Years

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LEASED

Florida

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Retail3,000 SF
Leased
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LEASED

2nd Street Leases 3000 Square Feet At PMG's Society Wynwood In Miami For 10 Years

2431 Northwest 2nd Avenue

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Retail3,000 SF
Leased
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Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$0
Total Square Footage:3000 SF
Transaction Type:Lease

The asset involved is a retail property located at 2431 Northwest 2nd Avenue in Miami, encompassing a total area of 3,000 square feet. It is part of PMG's Society Wynwood development. This lease transaction reflects the expansion of the Japanese second-hand fashion retailer 2nd Street into the Florida market.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Lease Term: 10 years
  • Landlord: Kevin Maloney - PMG
  • Tenant: 2nd Street
  • Broker: Mitch Heifetz - Newmark
  • Opening Date: Projected for Q3 2026

Mitch Heifetz of Newmark represented 2nd Street in this transaction. The lease signing marks a notable entry for the retailer into the Miami market, indicating a strategic growth move for their brand presence in the United States.

Players

Mitch Heifetz
5 deals
BROKER

Newmark
BROKERAGE

Details

LEASED
IMAGE: Kevin Maloney & Mitch Heifetz DATE: 09/04/2025 ADDRESS: 2431 Northwest 2nd Avenue MARKET: Miami ASSET TYPE: Retail ~ SF: 3,000 LANDLORD: Kevin Maloney - PMG (@PMGDevelopment) TENANT: 2nd Street (@2ndStreetUSA) BROKER: Mitch Heifetz - Newmark (@Newmark) LEASE TERM: 10-year NOTE: 2nd Street signed a 10-year lease for 3,000 square feet at PMG’s Society Wynwood in Miami, marking the Japanese second-hand fashion retailer’s first Florida store. Newmark’s Mitch Heifetz represented the tenant, with the location set to open in Q3 2026.

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Deal Type
Effective Rent (Annual)

$171,958.19

Total Lease Value

$1,719,581.90

Net Landlord Cash Flow$171,958.19