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Burlington Leases 21,260 Square Feet At Westchester Shopping Center In Miami With Landlord Westchester Mall Associates

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LEASED

Florida

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Retail21,260 SF
Leased 08/22/2024
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LEASED

Burlington Leases 21,260 Square Feet At Westchester Shopping Center In Miami With Landlord Westchester Mall Associates

8508 Southwest 24th Street

See Similar Deals
Retail21,260 SF
Leased 08/22/2024
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Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$0
Total Square Footage:21,260 SF
Transaction Type:Lease

The property involved in this lease transaction is a retail space situated at 8508 Southwest 24th Street in Miami. The asset encompasses a total area of 21,260 square feet, contributing to the retail market of the area. The property is associated with the Westchester Shopping Center, where it will transition to new occupancy in fall 2024.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 8508 Southwest 24th Street
  • Market: Miami
  • Landlord: Westchester Mall Associates, LLC
  • Tenant: Michael O'Sullivan - Burlington
  • Landlord's Representative: Paco Diaz - CBRE
  • Tenant's Representatives: Greg Godino & Ross Waters - Atlantic Retail

CBRE has successfully secured the lease for Burlington, which will occupy a space that was previously home to Valsan. This transaction is significant as it leads to the full occupancy of the Westchester Shopping Center, an indicator of active engagement in the local retail sector.

Players

Greg Godino
3 deals$8.2M volume(561) 424-3013
BROKER


Ross Waters
Atlantic Retail
2 deals$8.2M volume(561) 424-3014
BROKER

Details

LEASED
IMAGE: Paco Diaz, Ross Waters, Michael O'Sullivan & Greg Godino DATE: 08/22/2024 ADDRESS: 8508 Southwest 24th Street MARKET: Miami ASSET TYPE: Retail ~ SF: 21,260 LANDLORD: Westchester Mall Associates, LLC TENANT: Michael O'Sullivan - Burlington (@Burlingtondeals) LANDLORD'S REP: Paco Diaz - CBRE (@CBRE) TENANT'S REP: Greg Godino & Ross Waters - Atlantic Retail (@Atlantic_Retail) NOTE: CBRE has secured a 21,260-square-foot retail lease for Burlington at Westchester Shopping Center in Miami, with the store set to open in fall 2024. Burlington will fill a space previously occupied by Valsan, contributing to the shopping center’s full occupancy.

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Deal Type
Effective Rent (Annual)

$1,218,610.37

Total Lease Value

$12,186,103.71

Net Landlord Cash Flow$1,218,610.37