MIAMI, Sept. 26, 2024 – JLL Capital Markets announced today that it has secured the sale of Shops at Midtown Miami, a 347,740-square-foot grocery-anchored retail center in Miami, Florida.

JLL worked on behalf of the seller to procure the buyer, Benderson Development.

The Shops at Midtown Miami occupies over 18 acres and boasts an impressive leasing rate of 98.3%. Built in 2006, the center boasts an exceptional lineup of national retailers, including Target, Ross Dress for Less, Dick’s Sporting Goods, Marshalls and HomeGoods, and attracts a steady stream of over 3.4 million annual visitors. With its strong tenant mix and reliable revenue, this property presents a secure and diverse investment opportunity. Additionally, the center offers the convenience of 2,860 structured garage parking spaces, ensuring an enjoyable shopping experience for visitors.

The Shops at Midtown Miami, situated at 3401 N Miami Ave., offers a prime location that caters to a diverse consumer base. With its proximity to major highways such as I-95, I-195 and I-395, this retail center provides easy access to popular neighborhoods including Miami Beach, Downtown, Design District and Brickell, making it appealing to both affluent residents and tourists. Surrounded by a vibrant mix of multi-family housing options and hotels, the center benefits from a bustling and dynamic local environment.