Elysee Investments Acquires Aventura Plaza Retail Center For $48M

Miami-based Elysee Investments has acquired Aventura Plaza, a retail property located at 17801 Biscayne Boulevard in Aventura. The property includes a 90,000 square feet shopping center with a two-story office building. The transaction was facilitated by Cushman & Wakefield and the purchase price was $48 million. The price per square foot came out to $533.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $48,000,000
• Address: 17801 Biscayne Boulevard
• Market: Aventura
• Buyer: Haim Yehezkel - Elysee Investments
• Seller: Marilyn Klompus - Aventura Plaza Partners
• Brokers: Adam Feinstein, Mark Gilbert & Mitchell Halpern - Cushman & Wakefield

This acquisition generated increased interest in Aventura Plaza following the recent arrival of Plum Market last year. The deal was successfully executed by the team at Cushman & Wakefield, including brokers Adam Feinstein, Mark Gilbert, and Mitchell Halpern.