RK Centers Acquires Retail Property In Miami For $38M

An 11-acre retail property located at 10790 Biscayne Boulevard and 1290 Northeast 108th Street in Miami has been sold for $38,000,000. The property has a total square footage of 128,000, resulting in a price per square foot of $297. The sale was completed on October 20, 2022. The buyer of the property is RK Centers, represented by Ranaan Katz, while the seller is Seritage Growth Properties, represented by Andrea Olshan.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $38,000,000
• Address: 10790 Biscayne Boulevard & 1290 Northeast 108th Street, Miami
• Square Footage: 128,000
• Price per Square Foot: $297
• Market: Miami

Ranaan Katz from RK Centers and Andrea Olshan from Seritage Growth Properties played key roles in this transaction. Katz represented the buyer, RK Centers, while Olshan represented the seller, Seritage Growth Properties.