Gadinsky Signs Publix Supermarket
MIAMI, FL (May 11, 2010)
Gadinsky Real Estate, the leasing agent for Market Square, announced today that it has signed Publix Supermarket as the new shopping center’s largest tenant with a 28,800 sq. ft. store. The 7-acre commercial development is located in the heart of southwest Miami, just east of the Florida Turnpike in West Kendall at the southwest corner of SW 104th Street and 117th Avenue, close to Miami-Dade College’s main campus.
Walgreens is currently constructing a 14,820 sq. ft. retail store, which is expected to be completed in the summer of 2010. Publix anticipates opening approximately a year later in August 2011. Market Square has a total of 70,620 sq. ft. of leasable space.
“With 32,000 college students across the street and nearly a half-million residents with attractive income profiles within a five-mile radius, we expect Market Square to be highly trafficked and successful,” said Pablo L. Cejas, Director of PLC Investments, Inc. “This community, which is still growing, has needed a neighborhood shopping center like ours in this area for a very long time. We are very pleased that Florida’s most renowned supermarket, as well as a retail leader like Walgreens, agrees with us.”
Market Square will also include an additional 27,000 sq. ft. of commercial space, spread over three buildings: one with 12 retail spaces totaling approximately 15,000 sq. ft., the second with eight retail spaces totaling approximately 8,000 sq. ft., and an outparcel with approximately 4,000 square feet. These buildings are currently under construction and are slated for completion in the first quarter of 2011.
PLC Investments, Inc., a real estate affiliate of the Cejas family, is developing the project. Lemartec Engineering and Construction Corporation is providing general contracting services.
For more information about Market Square retail opportunities, call Michael Weiss at Gadinsky Real Estate, 305.537.5662 or email michael@gadinskyrealestate.com.