MIRAMAR, FL-Texas-based Neiman Marcus has signed a 10-year, 54,000-sf warehouse/distribution lease at the 400-acre Miramar Park of Commerce. The estimated aggregate value of the lease is $3.43 million.

The department store will use the new space to supply current and future stores in the state. Ken Day, the firm’s Longview, TX-based vice president of selling support services, tells GlobeSt.com the facility will entralize such services as alterations, wrapping and mailing now done at each store.

The upscale retailer opens its third South Florida branch Nov. 24 in the Worth Avenue retail district of Palm Beach. That 49,000-sf store will be joining existing area branches in Bal Harbour, FL and the Fort Lauderdale Galleria.

In the wings is another South Florida store slated for the Village of Merrick Park in Coral Gables, FL as well as Central Florida locations in Tampa and Orlando. Local warehouse/distribution space averages $6.36 per sf, triple net, according to Colliers International.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.