Naftali Group Acquires Development Site In Downtown Miami For $40.5M

Naftali Group has acquired a development site in Downtown Miami for $40,500,000. The property, located at 1016 NE 2nd Ave, boasts a total square footage of 44,500. The price per square foot comes to approximately $910.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $40,500,000
• Address: 1016 NE 2nd Ave, Downtown Miami

The buyer, Naftali Group, successfully completed the acquisition from the seller, Akara Partners. The deal was facilitated by Mika Mattingly, Cecilia Estevez, and Bradley Arendt from Colliers Urban Core Division, representing both the buyer and seller as brokers.