The asset is a retail property located at Northwest NW 28th Street & Northwest 3rd Avenue in the Miami market, encompassing a total space of 12,000 square feet. This property is notable for housing West Elm, which has signed a lease to occupy the space as part of its relocation from Midtown to The Dorsey Wynwood. The area is recognized as one of Miami’s rapidly evolving neighborhoods, with significant residential development underway.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: Not specified
• Location: Northwest NW 28th Street & Northwest 3rd Avenue
• Market: Miami
• Asset Size: 12,000 SF
• Landlord: Jon Paul Pérez - Related Group
• Landlord: Ben Mandell - Tricera Capital
• Landlord: Alex Karakhanian - LNDMRK
• Tenant: West Elm

This deal involved key players from various real estate sectors, with Jon Paul Pérez representing Related Group, Ben Mandell from Tricera Capital, and Alex Karakhanian from LNDMRK. Their collaboration reflects a collective investment in Wynwood, which is positioned to become a vibrant work-live-play hub with over 1,700 residential units currently under development.