Padel Nuestro Signs Five-Year Lease For Wynwood District Retail Space

Spanish retailer Pādel Nuestro has signed a five-year lease for their first U.S. store, located at 310-318 Northwest 25th Street in Miami's Wynwood district. The 3,000 square-foot retail space will serve as the company's flagship store in the country and will be situated near the Wynwood Padel Club and Real Padel Miami. Pādel Nuestro specializes in padel, a sport that combines elements of tennis and squash. The store will feature a demo area for enthusiasts to test gear and will offer products from popular brands such as Asics, Head, and Adidas.

Summary of transaction details

• Property Type: Retail
• Asking Rent: $75/ft.
• Square Footage: 3,000
• Address: 310-318 Northwest 25th Street, Miami

Bernardita Banfi and Andres Nava from Metro 1 Commercial represented the landlord in the deal, while Ryan Tucker and Jeremy Modest from Ripco Real Estate acted as the tenant's representatives. They played a crucial role in finalizing the lease agreement between Pādel Nuestro and the landlord. With their expertise, the transaction was successfully completed, allowing Pādel Nuestro to establish its presence in the Wynwood district.