FOR IMMEDIATE RELEASE
April 12, 2010
Another Deal Closed by Metro 1 Properties!
RadioShack opens for business on Historic Flagler
Miami, Fla. – Metro 1 Properties’ President Tony Cho has leased the newest downtown location to the consumer electronics retailer RadioShack. Located at the corner of Flagler Street, the main east-west road in the Central Business District, and NE 1st Avenue, RadioShack is now occupying approximately 2,400 sq. ft and has recently opened for business.
Metro 1 Properties represented the landlord Sergio Rok and Boris Kozolchyk of Grubb & Ellis and Dennis Kleier of RAM Realty Services represented the tenant in this transaction.
This deal along with other recent transactions involving high profile tenants signals a shift in the downtown retail sector with some positive up-tenanting.
“Downtown Miami is the epicenter of Miami’s bustling urban revival, and Metro 1 Properties is proud to be leading the way to make it a more attractive and inviting place to do business. With more people living in the core of Miami and a healthy workforce population we truly see the potential for our city’s urban core”, concludes Tony Cho.
The real estate brokerage firm has also recently secured a new downtown location for the Restaurant Lime Fresh Mexican Grill® and landed the exclusive assignment to represent the Historic Post Office Building, a National Landmark situated in the heart of Miami’s Central Business District.
About Metro 1 Properties
Based in Miami, Metro 1 Properties Inc. is a full service real estate brokerage firm dedicated to providing a superior level of advisory and transaction services for clients conducting business throughout the world. Metro 1 Properties offers clients the services of a vertically-integrated brokerage with a unique twist: the power of an advertising firm as well. Our services include commercial sales and leasing, landlord and tenant representation, sustainability services, M1 debt and equity finance and M1 marketing. Our focus is to build sustainable communities and effect the redevelopment of the urban core through strategic alliances with private investors, developers, landlords, retailers, tenants and governmental entities and to promote services that are sustainable, always advocating for smart growth. Metro 1 Properties is a member of the USGBC, Greater Miami Chamber of Commerce, ULI, CCIM, ICSC, CIASF, RAMB, and RCA.
For more information on Metro 1 Properties please visit www.metro1properties.com or call our office at: 305.571.9991.