Newmark Group has arranged the $210 million sale of the retail component of Miami Worldcenter, a newly constructed urban lifestyle center located at the epicenter of downtown Miami’s transformative mixed-use district. The sale marks the largest non-mall retail transaction recorded in south Florida since 2017.
Newmark’s head of retail capital markets, North America Conor Lalor acted as strategic adviser to his longtime client CIM Group, while Senior Managing Director Eric Williams represented the seller, a joint venture led by CIM Group and Park West Ventures, the master developer of the $6 billion Miami Worldcenter project, along with co-head of U.S. capital markets Adam Spies. The buyer is a joint venture between Falcone Group, The Davis Cos. and Jamestown.
“Miami Worldcenter represents one of the most significant retail investment opportunities ever brought to market in South Florida,” said Lalor. “Institutional investors continue to target large, irrepl
