CBRE Facilitates New Retail Lease in Miami to Burlington Stores

CBRE has arranged a new retail lease with Burlington, a national discount retailer offering low prices every day on brand name merchandise for the entire family and home. The retailer will occupy space at 8508 SW 24 Street in Miami, Florida, and anticipates opening in fall 2024.

Paco Diaz with CBRE Retail represented the landlord, Westchester Mall Associates, LLC, in lease negotiations. Greg Godino and Russ Waters from Atlantic Retail represented Burlington.

“As a busy neighborhood shopping center, the vacant space left by Valsan attracted much interest,” said Mr. Diaz, a Senior Vice President with CBRE in Miami and local retail expert. “After reviewing many offers, Burlington stood out as a top choice to complement the existing tenants.”

Westchester Shopping Center, located on the corner of high-traffic Coral Way (SW 24th Street) and SW 87th Avenue, is now fully occupied.

About Burlington Stores, Inc.

Burlington Stores, Inc., headquartered in New Jersey, is a nationally recognized off-price retailer with Fiscal 2023 net sales of $9.7 billion. The Company is a Fortune 500 company and its common stock is traded on the New York Stock Exchange under the ticker symbol “BURL.” The Company operated 1,021 stores as of the end of the first quarter of Fiscal 2024, in 46 states, Washington D.C. and Puerto Rico, principally under the name Burlington Stores. The Company’s stores offer an extensive selection of in-season, fashion-focused merchandise at up to 60% off other retailers' prices, including women’s ready-to-wear apparel, menswear, youth apparel, baby, beauty, footwear, accessories, home, toys, gifts and coats. For more information about the Company, visit www.burlington.com.