{"id":1004129533,"date":"2015-10-16T07:02:53","date_gmt":"2015-10-16T15:02:53","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004129533"},"modified":"2022-03-05T00:30:12","modified_gmt":"2022-03-05T08:30:12","slug":"simon-sheds-lifestyle-center-in-the-magic-city","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/simon-sheds-lifestyle-center-in-the-magic-city\/","title":{"rendered":"Simon Sheds Lifestyle Center in the Magic City"},"content":{"rendered":"<p><em>By Balazs Szekely, Associate Editor<\/em><\/p>\n<div id=\"attachment_1004129534\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/10\/The-Shops-at-Sunset-Place-miami-beach-fl.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004129534\" data-attachment-id=\"1004129534\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/simon-sheds-lifestyle-center-in-the-magic-city\/the-shops-at-sunset-place-miami-beach-fl\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/10\/The-Shops-at-Sunset-Place-miami-beach-fl.jpg\" data-orig-size=\"1000,563\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"The Shops at Sunset Place miami beach fl\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;The Shops at Sunset Place &lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/10\/The-Shops-at-Sunset-Place-miami-beach-fl.jpg?w=1000\" class=\"size-medium wp-image-1004129534\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/10\/The-Shops-at-Sunset-Place-miami-beach-fl.jpg\" alt=\"The Shops at Sunset Place \" width=\"300\" height=\"169\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/10\/The-Shops-at-Sunset-Place-miami-beach-fl.jpg 1000w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/10\/The-Shops-at-Sunset-Place-miami-beach-fl.jpg?resize=300,169 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/10\/The-Shops-at-Sunset-Place-miami-beach-fl.jpg?resize=768,432 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004129534\" class=\"wp-caption-text\">The Shops at Sunset Place<\/p><\/div>\n<p>The Shops at Sunset Place has a new owner. A joint venture led by <a href=\"https:\/\/www.federalrealty.com\/\" rel=\"nofollow noopener\" target=\"_blank\">Federal Realty<\/a>, <a href=\"https:\/\/grassriverproperty.com\/\" rel=\"nofollow noopener\" target=\"_blank\">Grass River Property<\/a> and <a href=\"https:\/\/www.comrascompany.com\/\" rel=\"nofollow noopener\" target=\"_blank\">Comras Company<\/a> acquired the asset. <a href=\"https:\/\/www.hfflp.com\/\" rel=\"nofollow noopener\" target=\"_blank\">HFF<\/a> marketed the property on behalf of the sellers, <a href=\"https:\/\/www.simon.com\/\" rel=\"nofollow noopener\" target=\"_blank\">Simon Property Group<\/a> and <a href=\"https:\/\/www.miller-capital.com\/\" rel=\"nofollow noopener\" target=\"_blank\">Miller Capital Advisory<\/a>. The purchase price was not disclosed, but HFF communicated that an existing loan was assumed as a part of the transaction.<\/p>\n<p>Situated on 10.36 acres at 5701 Sunset Drive, the mixed-use lifestyle center is anchored by a 24-screen AMC Theatre and multiple national retailers such as Barnes &amp; Noble, LA Fitness, GameTime, Forever 21, Splitsville and Z Gallerie. Other tenants include Gap, Hollister, Express, American Eagle Outfitters, Buffalo Wild Wings, Panera Bread, Mellow Mushroom, Armani Exchange and Banana Republic.The four-story, open-air center has office space and a multi-housing component in addition to the retail stores, along with a 1,862-space, eight-level parking garage.<\/p>\n<p>The property was 84 percent leased at the time of the disposition. The team that represented the seller was led by Senior Managing Director Daniel Finkle and Managing Director Luis Castillo of HFF.<\/p>\n<p><em>Image source: theshopsatsunsetplace.com<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>HFF announced that it has closed the sale of a cinema-anchored mixed-use lifestyle center in Miami Beach.<\/p>\n","protected":false},"author":35,"featured_media":1004129534,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21783,1492,21752],"tags":[],"class_list":["post-1004129533","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-miami","category-mixed-use"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Simon Sheds Lifestyle Center in the Magic City - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/simon-sheds-lifestyle-center-in-the-magic-city\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Simon Sheds Lifestyle Center in the Magic City\" \/>\n<meta property=\"og:description\" content=\"HFF announced that it has closed the sale of a cinema-anchored mixed-use lifestyle center in Miami Beach.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/simon-sheds-lifestyle-center-in-the-magic-city\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-10-16T15:02:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-05T08:30:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/10\/The-Shops-at-Sunset-Place-miami-beach-fl.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"563\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Balazs Szekely\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/simon-sheds-lifestyle-center-in-the-magic-city\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/simon-sheds-lifestyle-center-in-the-magic-city\\\/\"},\"author\":{\"name\":\"Balazs Szekely\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/623e95293ca6c6791bedc7473f548d7f\"},\"headline\":\"Simon Sheds Lifestyle Center in the Magic City\",\"datePublished\":\"2015-10-16T15:02:53+00:00\",\"dateModified\":\"2022-03-05T08:30:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/simon-sheds-lifestyle-center-in-the-magic-city\\\/\"},\"wordCount\":202,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/simon-sheds-lifestyle-center-in-the-magic-city\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/10\\\/The-Shops-at-Sunset-Place-miami-beach-fl.jpg\",\"articleSection\":[\"Investment\",\"Miami\",\"Mixed Use\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/simon-sheds-lifestyle-center-in-the-magic-city\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/simon-sheds-lifestyle-center-in-the-magic-city\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/simon-sheds-lifestyle-center-in-the-magic-city\\\/\",\"name\":\"Simon Sheds Lifestyle Center in the Magic City - 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