Jon Paul Perez Of Related Group Acquires Development Site From Harry Macklowe For $20M In Miami

The asset involved in this transaction is a development site located at U.S. 1 and 70th in Miami. This property was sold for $20,000,000, encompassing a total square footage of 74,052, which equates to a price per square foot of $270.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $20,000,000
• Address: U.S. 1 and 70th
• Market: Miami
• Square Footage: 74,052
• Price per Square Foot: $270
• Buyer: Jon Paul Perez - Related Group
• Seller: Harry Macklowe - Macklowe Properties
• Brokers: Jaret Turkell & Omar Morales - Berkadia

This transaction highlights the involvement of key individuals, including Jon Paul Perez representing the buyer, Related Group, and Harry Macklowe on behalf of the seller, Macklowe Properties. The brokers facilitating the deal were Jaret Turkell and Omar Morales from Berkadia.