Miami, Florida – We see movement in retail with Nordstrom, Inc., one of the leading fashion specialty retailers, stating that it will open a 35,000 square-foot Nordstrom Rack. This new Retail Property will be built at The Palms at Town & Country in Kendall. They believe they opening could come in the spring of 2010. Kendall is a growing Miami suburb which is becoming popular for Commercial Real Estate Listings. Nordstrom Rack, is a unit of the Nordstrom, Inc., which is operating as their off-price retail division. The Palms at Town & Country is situated at 8268 Mills Drive, in Kendall, Florida.
Florida Retail Property Investments For Sale
This will be the retailer’s third Nordstrom Rack in the state of Florida. This one will be in the Sunshine State which includes a new Nordstrom Rack that will open at Millenia Crossing, in Orlando. That grand opening is anticipated to be in the fall 2009. Additionally, the company operates nine Nordstrom full-line stores in the state of Florida. Nordstrom is well known throughout history as having excellent customer service.
Commercial Real Estate Development Group
The Palms at Town & Country, is owned by TIAA-CREF and being redeveloped by Flagler Development Group, will unfold a total of 700,000 sf of mixed retail components, including 400,000 sf of beautiful, new Mediterranean-themed open-air retail and a 133,000 sf professional arts center. The three phase renovation will be complete in 2010. This magnificent development will include restaurants, as well as pedestrian-friendly walk-ways and personal valet parking.
Miami Retail Tenants Sign Leases
Palms at Town & Country, was formerly called Kendall Town & Country Center. This area is fantastic for new Commercial Real Estate Listings as it has awesome opportunities in this area. The southern portion of Miami Dade County has grown tremendously in the past five years. This area is growing with Retail and Restaurant net lease tenants.
This Retail Development has existing tenants which include Marshall’s, Men’s Wearhouse, New York & Co., Publix and 24 Hour Fitness. Many shopaholics will be thrilled to be able to have a Nordstrom Rack in Miami. The ground floor spaces are leasing out quickly as well with quality Florida tenants.
Contact us to sell or buy Commercial Properties such as this one below in Florida today.
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