CREC Selected to Represent 385,000 SF

Feb 24, 2011 No Comments by

Continental Real Estate Companies (CREC) has been selected as the exclusive leasing and managing agent for two shopping centers in South Florida: Kendall Mall in Miami and Weston Lakes Plaza in Weston.

Kendall Mall is a 289,000 square foot center at the intersection of Kendall Drive and southwest 107 Avenue in Miami’s Kendall submarket. The property is 87% leased, with a tenant roster that includes Publix, CVS, Bally’s Fitness, Staples, and JC Penney Home. The 96,000 square foot Weston Lakes Plaza, located at the crossroads of Indian Trace and Saddle Club Roads in Weston, is home to Publix, CVS, Bank of America, and Starbucks Coffee. The center’s occupancy rate currently stands at 89%. Both properties are owned by funds managed by American Realty Advisors, signifying a new relationship between the California-based institutional investment manager and CREC.

“Our newest assignments reflect our team’s ongoing work to expand CREC’s presence throughout the South Florida retail landscape,” said Carol Brooks, President and Co-Founder of CREC. “Between our growing portfolio of high-quality retail listings and our deep roster of blue chip clients on the tenant representation front, the CREC name has become synonymous with retail in Florida. This has been one of CREC’s core practice areas for more than two decades and we are optimistic about the future of Florida’s retail market as the state’s economy stabilizes.”

In addition to leasing and marketing, CREC will oversee property management for Kendall Mall and Weston Lakes Plaza.

News of the assignments follows the 2010 announcement that CREC was selected to manage leasing and marketing for the Shops at Beacon Lakes, Flagler and AMB Property Corporation’s new 45-acre retail development planned for west Miami-Dade County.

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Broward County Retail, Industry News, Miami-Dade County Retail, NA, Retail
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