Aaron Tiram & Samir Chowieri Acquire Millennium Plaza In Hallandale Beach For $40 Million

A mixed-use property known as Millennium Plaza, located at 2500 East Hallandale Beach Boulevard in Hallandale Beach, FL, has been sold for $40 million. The asset covers 3.5 acres and encompasses a total of 191,084 square feet, translating to a price per square foot of $209. This substantial sale reflects a significant investment in the Hallandale Beach market.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $40,000,000
• Buyer: Aaron Tiram & Samir Chowieri - AS Hallandale Investment FL
• Seller: Alan Segall - 2500 Receiver Inc.
• Lender: Albank NA
• Mortgage Amount: $17,750,000
• Original Purchase Price: $18,750,000
• Year of Original Purchase: 2005
• Years Held by Seller: 21

The transaction involved buyer representatives Aaron Tiram and Samir Chowieri, who acted on behalf of AS Hallandale Investment FL. The seller, represented by Alan Segall of 2500 Receiver Inc., concluded the deal after holding the property for over two decades, during which the asset nearly doubled in value since its initial purchase.