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North Miami, Fla. — JLL Capital Markets has arranged the $32.5 million sale of Arena Shops, a 37,135-square-foot retail center located in North Miami. The fully leased property is anchored by Total Wine & More and features a mix of additional tenants such as Chipotle Mexican Grill, T-Mobile and Tatore Miami. Arena Shops is situated adjacent to the $4 billion SoLē Mia mixed-use development.
Danny Finkle, Jorge Portela and Jacob Wise of JLL represented the seller, Edens Investment Trust, in the transaction. RK Centers, led by Miami Heat co-owner Raana Katz, was the buyer.