Jeffrey Seaman And Morty Seaman Acquire Retail Property In Miami From Steven Liechtung

The property involved in this transaction is a retail asset located at 2405 Northwest 88th Street, Miami. It consists of 55,824 square feet and is situated on 3.8 acres. The property was previously associated with Elmor Associates and has transitioned ownership to Rooms To Go.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: Not disclosed
• Buyer: Jeffrey Seaman & Morty Seaman - Rooms To Go
• Seller: Steven Liechtung - Light Properties
• Market: Miami
• Asset Size: 55,824 SF
• Acres: 3.8

Rooms To Go has confirmed the acquisition of the property and plans to redevelop it into a 51,662-square-foot superstore, replacing the former Barnes & Noble/Michael’s site. The deal reflects the retailer’s strategy to expand its presence with one of its largest new-format stores.