Turnberry Associates And Simon Property Group Acquire Retail Asset In Aventura For $131 Million

The property asset involved in this transaction is a retail establishment located at 19505 Biscayne Boulevard in Aventura, featuring a total square footage of 219,000. The sale was completed for a transaction amount of $131,000,000, resulting in a price per square foot of $598.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $131,000,000
• Address: 19505 Biscayne Boulevard
• Market: Aventura
• Square Footage: 219,000
• Price per Square Foot: $598
• Buyer: Turnberry Associates & Simon Property Group
• Seller: Seritage Growth Properties
• Brokerage: JLL
• Brokers: Danny Finkle, Jorge Portela, Kim Flores, Chris Angelone, Jacob Wise & Evan Lahr

This transaction involved Turnberry Associates and Simon Property Group as the buyers, while Seritage Growth Properties served as the seller. The brokers facilitating this deal were Danny Finkle, Jorge Portela, Kim Flores, Chris Angelone, Jacob Wise, and Evan Lahr representing JLL.