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 <img src="https://cf.reverecre.com/cdn-cgi/image/w=200,h=undefined,fit=scale-down/https://storage.googleapis.com/revere-user-uploads/project%2F60fccc51-4ad4-4fdd-8592-32cb99cbef2f%2Fb7825cd0-c54a-47d5-8d58-9d0bec916d74" onerror="this.style.display='none'" alt="111 Atlantic Image" style="object-fit: cover; width: 200px;" />
 Retail / Office 
 
 111 Atlantic
 
 Delray Beach, FL 
 By Cushman &amp; Wakefield

 <a href="/user/0cf3a138-c16a-43bf-b6fe-f923669c89f1" style="margin-top: 0.5rem; font-size: 10px; text-decoration: underline;">Mike Ciadella</a>
 
 Director
 
 
 <a href="tel:9543770469" style="margin-top: 0.25rem; font-size: 10px; text-decoration: underline;">9543770469</a>
 

 <a href="https://platform.reverecre.com/project/60fccc51-4ad4-4fdd-8592-32cb99cbef2f" target="_blank" style="text-decoration: underline; color: #2E74B3; text-align: left; margin-top: 0.5rem">
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Cushman & Wakefield plc (together with its subsidiaries, “Cushman & Wakefield,” “the Company,” “we,” “ours” and “us”) is a leading global commercial real estate services firm with an iconic brand and approximately 50,000 employees led by an experienced executive team. We operate from over 400 offices in 60 countries, managing over 4.1 billion square feet of commercial real estate space on behalf of institutional, corporate and private clients. We serve the world’s real estate owners and occupiers, delivering a broad suite of services through our integrated and scalable platform. Our business is focused on meeting the increasing demands of our clients through a comprehensive offering of services including Property, facilities and project management, Leasing, Capital markets, Valuation and other services. In 2020, 2019 and 2018, we generated revenues of $7.8 billion, $8.8 billion and $8.2 billion, respectively, and service line fee revenue of $5.5 billion, $6.4 billion and $6.0 billion, respectively.

Director

Associate - Katalyst

President - Katalyst

Executive Managing Director

Managing Director

Executive Director

Dominant corner location at the gateway to Atlantic Avenue with unmatched pedestrian traffic, visibility, and branding presence along Delray Beach’s most active corridor

111 Atlantic includes the best surface parking lot on Atlantic Avenue providing consistent supplemental income while serving tenants, customers, and surrounding Atlantic Avenue demand

Value-add upside through lease-up of vacant space, increased parking revenue and below market retail rents

Significant short- and long-term mark-to-market rent growth allows for NOI growth by      44% in Year 3

PREMIER MIXED-USE ASSET IN TRUE LIVE-WORK-PLAY ENVIRONMENT

Surrounded by growing office and multifamily development, reinforcing Delray’s      evolution into a fully integrated Live-Work-Play destination

Positioned to benefit from sustained population, employment, and lifestyle-driven      demand

For More Information, Please Contact:

Cushman & Wakefield of Florida, LLC and Katalyst Real Estate & Development LLC, acting as exclusive advisors, are proud to present a generational opportunity to acquire 111 Atlantic — a 23,290-square-foot mixed-use trophy asset commanding one of the most strategic and irreplaceable corners in downtown Delray Beach.

Positioned at the gateway to Atlantic Avenue, and directly adjacent to Old School Square, 111 Atlantic captures the full energy of “The Avenue” while benefiting from unmatched visibility, prominence and constant pedestrian flow.

Michael Ciadella is an Director on the South Florida-based Cushman & Wakefield Capital Markets Investment Sales team. In his role as Director, Michael works with Scott O'Donnell, Dominic Montazemi, Miguel Alcivar and Greg Miller in the disposition of office, industrial and mixed-use assets across South Florida. 

Overview

Investment Highlights

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