New York-based restaurant and nightlife venue Ketchy Shuby is set to open its first location outside New York in downtown West Palm Beach. The establishment, led by hospitality entrepreneur Jamie Mulholland, has leased 13,100 square feet at 114 South Olive Avenue. According to the landlord’s broker, Bastian Schauer and Mark Rubin of Colliers represented the landlord, while Mitch Heifetz of Newmark represented the tenant.
Ketchy Shuby is expected to begin operations in fall next year. The building housing the new restaurant is owned by an entity led by Robert J. Trainor Jr., Vicki L. Trainor, and Kevin Killerman. It was originally built in 1923 and underwent renovation in 2016.
In another move within South Florida’s commercial real estate market, Simpro Group, an Australian company specializing in AI-powered solutions for contractors, will establish its North American headquarters in downtown Miami. The company will occupy nearly 4,800 square feet on the 26th floor of One Downtown at 1 Southeast Third Avenue, with employees scheduled to move in starting February.
Tony Jones of Cushman & Wakefield represented Simpro Group during lease negotiations; Cristina Glaria and Harrison Mischel of Tower Commercial Real Estate acted for the landlord. Fred Voccola was appointed CEO earlier this year with plans to increase Miami staff numbers to over 500 employees as part of Simpro’s expansion efforts. “His goal is to scale Simpro’s Miami employment to more than 500 staff members,” according to the release.
Simpro provides AI software aimed at contractors including plumbers, electricians, HVAC technicians, and fire safety professionals. As part of its agreement at One Downtown—formerly known as SunTrust International Center—the company will display its signage on the building.
The office tower was purchased by Los Angeles-based PCCP for $127 million in 2018.
University of Miami (UM) has also secured a significant lease at Flagler Station business park for health care system offices totaling 42,000 square feet at Building 1300 located at 9675 Northwest 117th Avenue in unincorporated Miami-Dade County. Hamilton Development acquired this property for $20.8 million earlier this year and intends to retain it as office space while converting two other nearby buildings into warehouses after acquiring them through deed-in-lieu of foreclosure agreements from Bridge Investment.
CDM Windows & Doors will expand into a larger industrial facility by leasing all of a newly completed warehouse totaling approximately 40,800 square feet at 10405 Northwest 19th Street in Doral beginning February next year. This represents growth from their previous space measuring around 27,000 square feet within Doral.
The current warehouse used by CDM Windows & Doors at 8301 Northwest 27th Street has been listed as they prepare for relocation.
Finally, Tortilla Madre—a Mexican restaurant—has opened a new location with a lease covering about 990 square feet inside Millecento condo tower’s retail section at Paseo Brickell (28 Southwest 11th Street). Sebastian and Fabio Faerman from FA Commercial represented both sides during this transaction; ownership belongs to a group of Latin American investors who hold interest in Millecento’s retail spaces.
