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Florida & Gulf Coast  + South Florida  + Hospitality  | 
JLL has negotiated the $5.8 million sale of retail space in a commercial real estate transaction at Miami condo tower 50 Biscayne

JLL and BGRS Arrange Miami Retail Sale to Hospitality Group

JLL has negotiated the $5.8 million sale of a 7,500-square-foot corner retail space with 5,000 square feet of outdoor space on the ground floor of the Miami condo tower 50 Biscayne. 

The space is on the corner of Biscayne Boulevard and Flagler Street, across from Bayfront Park. It boasts convenient access to the Brightline Train Station, City of Miami’s free Metromover, and I-95.

“Despite limited availability, Miami’s urban core continues to experience heightened demand for retail space from both domestic and international brands,” said Zach Winkler, JLL managing director who represented the buyer AXB I LLC, led by Rex Gryphon. “Rex Gryphon recognized the long-term potential of owning this valuable corner in Miami and investing to build out the space, and open another exciting dining concept in the heart of the city yield great results.” The seller, TTN Holdings LLC, was represented by Arnaldo Cantero III, managing member of BGRS Commercial Real Estate Advisory


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About Angela Noote

Angela Noote is a native of Northern California and graduated from Chico State with a degree in public relations. After college she moved to the Central Coast and worked first in ad sales then in editorial, eventually spending more than a decade as a print reporter and editor. She detoured into design work at a printer/publisher, and with a partner eventually opened a boutique full-service marketing agency. Moving into corporate communications, she built and managed several successful marketing teams in the hospitality, financial services, and nonprofit industries. Most recently she was an internal comms manager in the tech sector. After a long stint spent in Georgia (Go Dawgs), she moved to Baton Rouge, LA and has written for clients in the financial, luxury imports, higher ed, commercial cleaning, and medical equipment industries. Her son is a media arts major at the University of South Carolina, and her husband owns a comedy theater in Baton Rouge, where you can often find Angi teaching improv classes, leading corporate training events, or doing an occasional stand up set.