Amal Leases 6000 SF Retail Space On Las Olas Boulevard In Fort Lauderdale With Related Group

The property involved in this transaction is a retail asset located at 500 East Las Olas Boulevard in Fort Lauderdale. The lease is set at an asking rent of $100 per square foot for a total space of 6,000 square feet. This transaction is structured as a NNN lease.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $600,000
• Landlord: Related Group
• Tenant: Amal
• Landlord's Representative: Michael Sullivan & Daniel Cardenas - Vertical Real Estate
• Tenant's Representative: Lyle Stern - Vertical Real Estate
• Date of Transaction: 04/10/2025

INK Entertainment Group, which is based in Miami and Toronto, is set to open its second Amal restaurant in South Florida as part of this transaction. Previously, they opened an Amal in Coconut Grove and also own Level 6 rooftop restaurant in Coconut Grove and Byblos in South Beach.