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YOYOSO Signs 6K-SF Retail Lease on Miami Beach
International chain of lifestyle stores YOYOSO has signed a 5,600-square-foot retail lease at 1111 Lincoln Road in Miami’s South Beach.
The 145,000-square-foot property is jointly owned by two German pension funds. The deal marks the largest retail lease, in terms of square footage, signed along Lincoln Road since the second quarter of 2018. The property was designed by Herzog & de Meuron and includes 50,000 square feet of high-street retail space, 95,000 square feet of office space and a 300-stall parking garage that also acts as an event space. YOYOSO will bring retail occupancy at the property above 90%.
Jonathan Carter and Steven Henenfeld of Colliers represented the owners in the transaction. YOYOSO was advised by Andrea Blade of National Real Advisory Group. CBRE Global Investors acquired the property on behalf of the two German pensions funds and manages the investment.
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- ◦Lease
