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8 Deals In 8 Days: Metro 1 Commercial Starts 2014 Strong

January 22, 2014

Metro 1 Commercial closed five sales and three lease deals the first week of 2014, valued at more than $10 million.

Metro 1 Commercial closed five sales and three lease deals the first week of 2014, valued at more than $10 million.

The sales transactions, ranging from revitalized retail to creative loft space in Downtown Miami, Wynwood and Little River, include:

-200 North Miami Avenue, a 19,800 square foot office building, for $4.2 million.

-218-222 North Miami Avenue (shown above), a pair of creative loft office buildings totaling 11,000 square feet, for $2.8 million.

-445 NE 79 Street, a 29-unit multi-family property located in the up-and-coming upper east side of Miami, for $1.1 million.

-1932 NW Miami Court in Wynwood, a 6,500 square foot warehouse property, for $675,000.

-31 North Miami Avenue, a 3,000 square foot free-standing retail property, for $500,000.

 

The lease transactions, encompassing approximately 19,000 square feet, include:

-A 6,000 square foot lease deal with Outform, Inc. at 261 NE 1st, a creative office building in Downtown Miami. Outform provides idisplay tablets and add-ons built specifically for commercial use.

A 2,400 square foot Class A lease at 3550 Biscayne Blvd. on behalf of Borinquen Medical Centers. Borinquen provides a comprehensive range of health and social services to the culturally diverse community in Miami-Dade County.

-A 823 square foot lease at 2122 Coral Way for Antelo Law, P.A.

These transactions bring Metro 1’s activity to more than $400 million in sales transactions, 400+ deals and more than 2 million square feet in the last 3 years alone, further evidence of Metro 1’s commitment to Wynwood, along with Miami’s other up-and-coming Urban Core neighborhoods including the Design District, Downtown Miami, Edgewater, the Upper Eastside, Miami Beach, and Little River.

This is how Metro 1 Shapes Neighborhoods.

“Metro 1 Commercial is uniquely positioned to meet and exceed the demands of the current real estate climate and is adding tremendous value in ways other firms cannot in these quickly expanding emerging markets,” stated Tony Cho, President and CEO of Metro 1.

Metro 1 Commercial is a Miami-based full-service boutique commercial real estate services firm that provides advisory, transaction, management and investment services for office, industrial, land, retail, and hospitality real estate throughout South Florida. Some of the specialty divisions within Metro 1 Commercial include M1 Hospitality, M1 Industrial, M1 Land, M1 Advisory, M1 Management, M1 Capital and M1 Investment Sales. Founded in 2005 by Tony Cho, Metro 1 Commercial has built a reputation for delivering consistent results in a performance-based landscape. Known as one of the most forward-thinking real estate companies, Metro 1 Commercial utilizes cutting edge marketing strategies and advocates for sustainable real estate solutions and smart urban growth. Metro 1 Commercial is a subsidiary of Metro 1.

 

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