Entire Meals Industry purchased its professional house at downtown Miami’s Satisfied3 for $21 million.
The countrywide grocer, a subsidiary of billionaire Jeff Bezos’ Amazon, obtained the 97,674-sq.-foot floor-flooring professional unit and underground garage in the 32-tale combined-use tower at 299 Southeast 3rd Avenue, data and Vizzda present.
The offer breaks down to about $215 for every sq. foot.
The seller, an affiliate of Atlanta-centered industrial serious estate investment business Edens, compensated $19.6 million for the house in 2015, the exact same calendar year Whole Meals opened the keep. Satisfied3, which also incorporates the 462-device Monarc at Met condominium tower and a nine-tale garage, was crafted by MDM Improvement and ZOM.
The high-rise is section of the Metropolitan Miami elaborate which also features the 40-story, 447-device Fulfilled1 condominium, the 47-tale Wells Fargo Heart workplace setting up, the 313-crucial JW Marriott Marquis Miami, and Fulfilled Sq., a 34-tale tower with 188 apartments, an 80,000-square-foot Silverscreen Cinema and floor-floor retail.
Far more Full Foods shops are on faucet for South Florida. The grocer, which specializes in organic and nutritious food items, will be the anchor retail tenant at Nema Miami, a blended-use tower under construction at 2900 Biscayne Boulevard in Miami’s Edgewater community. Last yr, the project’s developer, Miami-centered Crescent Heights, secured a $224 million building personal loan from Blackstone. In 2020, Complete Foods signed a 20-yr lease with six five-yr extensions.
Crescent Heights also a short while ago secured Entire Food items as the anchor tenant for a prepared 199,000-sq.-foot mixed-use project in Miami Beach front, according to Traded.
In July, the entrepreneurs of Uptown Boca introduced that it had signed Complete Meals to open a retailer in the retail portion of the blended-use challenge. In 2020, Schmier House Team, Giles Money Team and Rosemurgy Qualities, in partnership with Wheelock Avenue Capital, completed Uptown Boca, which consists of 195,000 square ft of retail and eating places near Boca Raton.
The similar calendar year, the joint enterprise marketed Uptown Boca’s 456-device condominium complicated for $230 million to Atlanta-based mostly Cortland.
