Seritage Growth Properties has sold Esplanade at Aventura, a 219,000-square-foot, mixed-use project located in Aventura, Fla., for $131 million.
Esplanade at Aventura is located at 19505 Biscayne Blvd., adjacent to the 2.8 million square foot Aventura Mall. Delivered in 2023, the three-level Esplanade project sits on a 12.3-acre site and features a modern, sleek, open-air design with a pedestrian-friendly walkable layout. The center includes 362 surface parking spaces and a self-contained parking garage with 512 spaces.
The existing tenant composition at Esplanade includes top-tier food and beverage concepts, including STK, Joey's, Amalfi Llama, North Italia, Pura Vida, Starbucks and Sweetgreen, as well as retail and health and wellness tenants LEGO, Anatomy Fitness, Pure Barre and One Medical. Industrious and other professional service tenants occupy the property’s office space.
JLL represented the seller. The buyer was Boulevard Step Ventures.
