"Once we have a satisfactory lease, we will be able to close on this addition (The Potato Sack) to the Vector family," the firm's president, Allen Weintraub, says in a prepared statement.
Although he says he expects the lease negotiations to be completed by next week, he didn't disclose the value, terms or size of the lease.
However, area retail brokers familiar with the Aventura submarket tell GlobeSt.com on condition of anonymity the lease will probably be for at least $25 per sf on an estimated 10,0000-sf concessions area. That would make the estimated aggregate value of the lease $2.5 million.
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