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Lucky’s Market to Anchor Kendall Shopping Center

10.11.18

RKF Helps Grocery Chain Expand Its Florida Presence with Its First Miami Dade Location

Miami, FL — RKF, a Newmark company (RKF), has announced today that it has secured a 23,000-square-foot space for Lucky’s Market within the Shops of Kendall, a recently renovated neighborhood retail center at 125000 SW 88th Street in Miami’s Kendall market. The store is expected to open in Spring 2019.

RKF Managing Director John Ellis and Associate Aaron Labovitz represented Lucky’s Market in the transaction. The landlord, Sterling Organization, was represented in-house by Adrian Jimenez.

Lucky’s will anchor the 99,422-square-foot shopping center that sees more than 94,000 visitors per day. Lucky’s will be ideally situated in a prime corner space in the Kendall market. The retail space benefits from excellent visibility, exposure and access to the many of the area’s major thoroughfares. Other retailers in the Shops of Kendall include CVS Pharmacy, Lime Fresh Mexican Grill, Anthony’s Coal Fired Pizza, Pincho Factory, Sleep Number, Smoothie King, YogurtLand, Firehouse Subs, Raspaos, City Nails, The King Barber Shop, Weight Watchers, European Wax Center and Aqua Salon. Lucky’s Market will be replacing the former hhgregg.

“We were thrilled to have secured this anchor position for Lucky’s Market within the Shops of Kendall for its first Miami Dade County store,” said Ellis. “This is a unique opportunity, and the grocery store will be well positioned to succeed, especially given the location’s exposure and appealing neighboring retailers.”

Lucky’s Market, known for providing affordable, organic, natural and specialty foods to its customers, offers a “sip n’ stroll” experience that allows shoppers to drink a $2 pint of beer or $3 glass of wine while they browse the aisles. Shoppers will also find a made-to-order Ramen Bar, an in-house butcher, and prepared foods made from scratch daily. The grocer also aims to be a gathering place for local communities, offering ample seating room in its cafés, performance areas for local musicians, and designated community rooms for neighborhood groups to meet.

Lucky’s Market is based in Colorado and first established its Florida footprint in 2016, quickly expanding its presence in the state. Now there are 15 Lucky’s Markets in Florida, part of 33 stores nationwide. Lucky’s Market has numerous plans to continue to add more stores in Florida and across the country.

About RKF
RKF, a Newmark company (RKF), is one of the leading commercial real estate brokerage firms in the US focused exclusively on retail leasing and investment sales. Serving a broad spectrum of domestic and global clients for more than 20 years in services ranging from national tenant and owner representation to advisory, acquisitions and dispositions, RKF has been responsible for identifying scores of real estate opportunities for leading retailers, restaurants, owners, developers and institutional clients.

RKF is owned by Newmark Group, Inc. (“Newmark Group”) (NASDAQ: NMRK), one of the world’s leading and most trusted commercial real estate advisory firms, offering a complete suite of services and products for both owners and occupiers. Together with London-based partner Knight Frank and independently-owned offices, Newmark Knight Frank’s 16,000 professionals operate from approximately 430 offices on six continents. Newmark Knight Frank’s investor/owner services and products include investment sales, agency leasing, property management, valuation and advisory, diligence, underwriting, government-sponsored enterprise lending, loan servicing, debt and structured finance and loan sales. Occupier services and products include tenant representation, real estate management technology systems, workplace and occupancy strategy, global corporate services consulting, project management, lease administration and facilities management. For further information, visit www.ngkf.com. Newmark Group, Inc. is a subsidiary of BGC Partners, Inc. (NASDAQ:BGCP), a leading global brokerage company servicing the financial and real estate markets.

Discussion of Forward-Looking Statements about Newmark Group
Statements in this document regarding Newmark Group that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. Except as required by law, Newmark Group undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark Group’s and BGC’s Securities and Exchange Commission filings, including, but not limited to, any updates to such risk factors contained in subsequent Forms 10-K, 10-Q, or Forms 8-K.

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