Lissette Calderon Of Neology Life Development Group Acquires Industrial Asset In Miami For $24M

The transaction involved an industrial asset located at 1090 Northwest 23rd Street in Miami, FL, consisting of a total area of 46,870 square feet. The property was sold for $24 million, translating to a price per square foot of $512, representing a notable increase in value since its previous purchase.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $24,000,000
• Buyer: Lissette Calderon - Neology Life Development Group
• Seller: Don Rubell, Mera Rubell & Jason Rubell
• Square Footage: 46,870
• Price Per Square Foot: $512
• Address: 1090 Northwest 23rd Street
• Market: Miami, FL

The sale was executed as part of a larger strategy involving the Rubell family, who initially acquired the property for $10.7 million in 2022. The deal reflects ongoing redevelopment efforts in the Allapattah neighborhood, where Neology and Lion Development Group are spearheading mixed-use residential project plans in proximity to the Rubell Museum.