Newmark Brokers $210M Sale of 272,966-Sq-Ft Miami Worldcenter Retail
Newmark's Retail Capital Markets team arranged the $210 million sale of the 272,966-sq-ft retail component at Miami Worldcenter, marking the largest non-mall retail transaction in South Florida since 2017. The deal underscores robust institutional demand for newly constructed urban retail and strengthens Newmark's capital markets fee pipeline.
1. Transaction Overview
Newmark's Retail Capital Markets team arranged the $210 million sale of the 272,966-sq-ft retail component at Miami Worldcenter. The seller, a joint venture led by CIM Group and Park West Ventures, sold to a buyer consortium of Falcone Group, The Davis Companies and Jamestown.
2. Market Significance
This is the largest non-mall retail transaction in South Florida since 2017, highlighting renewed institutional focus on high-quality urban retail. U.S. commercial real estate investment sales rose about 20% in 2025, with large-scale deals regaining share as capital returns to gateway markets.
3. Newmark's Strategic Impact
The deal underscores Newmark's leadership in major retail capital markets and is expected to add to its fee revenue pipeline. Newmark has advised on multiple Miami Worldcenter components, reinforcing its role across the project's $6 billion mixed-use development.