Ken Griffin Of Citadel Acquires 30-Acre Mana Wynwood Campus From Moishe Mana For $700M
318 Northwest 23rd Street
$700,000,000
Building Size
—
Asset Type
Mixed-use
Closing
Aug 28, 2026
About this deal
AI
The property involved in the transaction is a mixed-use asset located at 318 Northwest 23rd Street in Miami, FL. The lot spans 30 acres and has a reported transaction value of $700,000,000. It was previously owned by Moishe Mana through Mana Common.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $700,000,000
- Buyer: Ken Griffin
- Buyer's Company: Citadel
- Seller: Moishe Mana
- Seller's Company: Mana Common
- Date of Transaction: 08/28/2026
- Market: Miami, FL
- Acres: 30
The transaction involves billionaire hedge fund manager Ken Griffin, who is purchasing the Mana Wynwood campus with plans that may include an education-focused or technology campus. The majority of the deal has already closed, with the final completion expected by December 2026.
Players
Miami Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Deal FAQ
Browse Miami mixed use sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.02%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93