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Wynwood Walk

Miami, FL

Retail Stabilization

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Wynwood Walk

RETAIL STABILIZATION

ACRES has acquired a $36.95 million loan to refinance the development of Wynwood Walk, a retail property in the Wynwood Arts District, located in Miami, FL.

This development will include:

• A retail property consisting of three single-story buildings and one two-story building, built in phases from 1945 to 2020
• 10 tenant spaces ranging from 630 to 17,616 SF, with a rooftop terrace on the second floor of Building 4
• Currently 95% leased, the property has a variety of tenants, including restaurants and retail, and is well-connected with access to highways, downtown Miami, and surrounding amenities

$36.95 Million

Loan Amount

Construction Loan

Loan Product

“ACRES is excited to partner with Thor Equities Group on this unique asset in the vibrant Wynwood market. In recent years, Wynwood has experienced a renaissance fueled by its world-renowned art scene and a plethora of new retail, dining, and nightlife businesses that attract over 15 million tourists annually. Thor has done a tremendous job developing a property that offers a diverse mix of retailers that cater to Wynwood’s rapid population and tourism growth.”

- Mark Fogel, Chief Executive Officer and President

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