|
Welcome back! What did you think of our Property Management Software?
Are you subscribed to our feed and receiving email updates? |
Real Estate Company Continential Real Estate Companies
Aug 26, 2010 – MIAMI – Continental Real Estate Companies (CREC), one of Florida’s largest commercial real estate services firms, has been selected by joint venture partners Flagler and AMB Property Corporation as the exclusive leasing and marketing agent for The Shops at Beacon Lakes, a new 45-acre retail development planned for west Miami-Dade County. News of the leasing assignment signals that the project’s development team is prepared to begin aggressively marketing the property to prospective tenants. This marks a bright spot in a retail sector that saw new project completions fall by nearly 50% nationwide in 2009, with only 70 million square-feet of retail product slated to deliver in 2010, the lowest level on record, according to national industry research.
Upon completion, The Shops at Beacon Lakes will consist of up to 470,000 square-feet of build-to-suit retail development near the intersection of the Florida Turnpike and the Dolphin Expressway (836). The 45 acre parcel, which is fully-entitled and approved for big box retail development, will be the first major retail project to take shape in South Florida’s burgeoning West Miami-Dade submarket in more than two years. The shovel-ready property has already been outfitted with new access roads, such as the 836 Extension and NW 137th Ave., also known as Beacon Lakes Blvd.
Sabrina Meerbott, Senior Vice President at CREC, believes The Shops at Beacon Lakes will generate widespread interest among national anchor tenants. “The Shops at Beacon Lakes offers major national retailers an opportunity to locate in an easily-accessible, build-to-suit location proximate to a large population base,” said Meerbott. “Future tenants can commit with confidence knowing this project is backed by two well capitalized, well respected real estate developers who have depth of knowledge and years of experience, namely Flagler and AMB.”
As one of Florida’s largest retail leasing, brokerage and property management firms, CREC was selected for its depth of understanding of Florida’s retail landscape and for its national network of tenant and broker contacts. Beyond managing and leasing 11.4 million square-feet of retail, office and multifamily space throughout Florida, CREC represents an array of national retail tenants in markets across the state.
“The fact that CREC enjoys a long history working with both landlords and tenants across the country puts us in good position to market The Shops at Beacon Lakes nationally, and closer to home,” said Alan Esquenazi, Senior Vice President at CREC. “Our firm’s experience in construction and property management provides us a built-in advantage when partnering with developers, and we feel confident that this project will attract a healthy mix of big box retailers and smaller tenants.”
The Shops at Beacon Lakes is located at 1970 NW 129th Avenue in western Miami-Dade County, Florida, near the intersection of NW 12th St. and NW 137th Avenue. The project is part of a six million-square-foot master planned business park being jointly developed by Flagler and AMB Property.
“We are seeing indications that retailers are back, looking to expand in well located sites such as The Shops at Beacon Lakes which has long been an underserved market for big box retailers,” said Brian Latta, Senior Project Manager of Flagler. “The Shops at Beacon Lakes offers a great location, strong demographics and can deliver at costs that make sense. In addition to serving a community need, The Shops at Beacon Lakes will also serve as a key amenity to our adjacent 4,800,000-square-foot Beacon Lakes business park.”
For more information, visit www.theshopsatbeaconlakes.com. For leasing information, please contact Sabrina Meerbott or Alan Esquenazi at CREC, (305) 854-7342.
About Continental Real Estate Companies (CREC)
Founded in 1989 by Chairman Warren Weiser and President Carol Brooks, Continental Real Estate Companies (CREC) is one of Florida’s largest commercial real estate services firms, managing a portfolio of more than 80 office, retail and multifamily properties totaling 11.4 million square-feet. With offices throughout Florida, CREC specializes in asset and property management, leasing, tenant representation, construction management, development dispositions and finance, and creative workout solutions. For more information, visit www.crec.com.
About Flagler
Flagler is one of Florida’s oldest and largest integrated, full-service real estate companies. Flagler owns, manages, leases, or has under development approximately 13 million square feet of Class-A office and industrial space located in strategic markets throughout Florida. In addition, Flagler provides third-party construction, property management, and brokerage services and owns 4,400 acres of Florida land, of which 1,650 acres are entitled for up to nearly 19 million square feet of development. Headquartered in Coral Gables, Fla., Flagler is owned by private equity funds managed by affiliates of Fortress Investment Group LLC. For more information on Flagler, visit www.flaglerdev.com.
About AMB Property Corporation
AMB Property Corporation® is a leading owner, operator and developer of global industrial real estate, focused on major hub and gateway distribution markets in the Americas, Europe and Asia. As of March 31, 2010, AMB owned, or had investments in, on a consolidated basis or through unconsolidated joint ventures, properties and development projects expected to total approximately 155.7 million square feet (14.5 million square meters) in 48 markets within 15 countries. AMB invests in properties located predominantly in the infill submarkets of its targeted markets. The company’s portfolio comprises High Throughput Distribution® facilities–industrial properties built for speed and located near airports, seaports and ground transportation systems. AMB’s press releases are available on the company website at www.amb.com or by contacting the Investor Relations department at +1 415 394 9000.
SOURCE Continental Real Estate Companies
This is a blog post for Real Estate Professionals, Investors, Landlord, Property Manager, and Property Management Companies. Continental Real Estate Companies Named Exclusive Leasing Agent For The Shops At Beacon Lakes is brought to you by SimplifyEm Pay Rent Online and Property Management SoftwareYou might also want to read:
- Simon Property Group adds Leasing, Management, and Marketing Duties at California Shopping Center Jan. 26, 2011: Simon Property Group, Inc, the country’s largest owner, developer and manager of high quality retail real estate, announced today that it will assume leasing, management, and marketing......
- Carla Machulis Joins Henry S. Miller Realty Management as Project Leasing Agent DALLAS, TX – - Tuesday, September 14, 2010 – - Henry S. Miller family of companies is proud to announce that Carla Machulis has joined the company as Project Leasing......
- Stiles Appointed Receiver; Assigned Leasing and Management for Three Florida Retail Centers Ft. Lauderdale, FL, August 19, 2010 — Stiles announced today that it has been appointed to serve as the receiver and assigned the leasing and property management for three prominent......
