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Anatomy of a Lease: Hobby Lobby in Pembroke Pines, Fla.

Hobby Lobby signed a 15-year lease as part of the 96,000-s.f. second phase of Pines City Center, an 80-acre master planned mixed-use village that is the central gathering space for the city of Pembroke Pines. The lease was singed back in 2018 and the Hobby Lobby unit opened early last month. A Chuy’s Tex Mex and McAlister’s Deli are also expected as part of the new construction. Other tenants at the center include Publix Super Markets, West Marine, Cooper’s Hawk, BurgerFi, Smoothie King, T-Mobile, Outback Steakhouse and The Halal Guys. Pines City Center is also home to 1,465 apartments and potentially 120,000-s.f. of commercial space.

Tenant: Hobby Lobby

Developer/Owner: Terra Group

Location: Pines City Center in Pembroke Pines, Fla.

Property Type: Anchored Space

Square Footage: 55,000 s.f.

Traffic counts on Pines Boulevard reach 55,000 vehicles per day, while Palm Avenue has 27,000 vehicles per day. Pembroke Pines has a population of over 160,000 residents with a median household income of $57,343 within a one-mile radius. Hobby Lobby prefers 49,000- to 75,000-s.f. sites. The retailer plans to open another store at Urban-X Group’s River Landing project in Miami this month.

Tenant Representation (for Hobby Lobby and Cooper’s Hawk): Katz & Associates, 1900 N.W. Corporate Blvd., East Tower, Suite 450, Boca Raton, FL 33431. 

David Emihovich, Managing Partner, (561) 869-4345. demihovich@dkatz.com

Property Representation: Courtelis Company, 703 Waterford Way, Suite 800, Miami, FL 33126.

James Zaydon, Senior Leasing Manager, (305) 261-4330. jzaydon@courtelis.com

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