Jen Partners Acquires 19.3-Acre Development Site From Onx Homes In Miami-Dade For $19,600,000

The property involved in the transaction is a development site located at the southeast corner of SW 240th Street & SW 127th Avenue in Miami-Dade. The site spans 19.3 acres and was sold for $19.6 million. The buyer, Reuben Leibowitz of Jen Partners, acquired the property from the seller, Onx Homes represented by Ash Bhardwaj. The transaction hints at potential development into a single-family home community by Lennar, a prominent homebuilder in the area.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $19,600,000
• Buyer: Reuben Leibowitz - Jen Partners
• Seller: Onx Homes - Ash Bhardwaj
• Market: Miami-Dade
• Asset Type: Development Site
• Acres: 19.3

Jen Partners, led by Reuben Leibowitz, strategically acquired the 19.3-acre parcel in southwest Miami-Dade County. The seller, Onx Homes, had undertaken the rezoning process for the land, potentially paving the way for Lennar's residential development plans. Lennar's active involvement in the region signals a focus on expanding its residential projects, aligning with the area's growing real estate market.