Macklowe Properties Acquires Development Site In Kendall For $31.9M

A development site located at the intersection of SW 70th Ave and SW 85th St in Kendall has been sold for $31,900,000. The transaction took place on April 14, 2022. The property, situated in the Kendall market, was sold by Rilea Group and Euroamerican Holdings to LACINYC Corp, an affiliate of Macklowe Properties.

Summary of transation details

• Property Type: Development Site
• Transaction Amount: $31,900,000
• Date: April 14, 2022
• Market: Kendall
• Buyer: LACINYC Corp, an affiliate of Macklowe Properties
• Seller: Rilea Group & Euroamerican Holdings
• Seller's Rep: Charles Penan & Joel Zusman - Aztec Group

Charles Penan and Joel Zusman, representing Aztec Group, served as the seller's representatives in this deal.