Robert Rivani Purchases Retail Asset In Miami Beach For $37M From Savitar Realty Advisors

The property asset involved in the transaction is located at 551 Lincoln Road in the Miami Beach market. This retail asset spans 35,240 square feet and has a sale price of $37,000,000, which translates to a price per square foot of $1,049.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $37,000,000
• Address: 551 Lincoln Road
• Market: Miami Beach
• Square Footage: 35,240
• Price Per Square Foot: $1,049
• Buyer: Robert Rivani - Rivani
• Seller: Savitar Realty Advisors
• Broker Representatives: Danny Finkle, Jorge Portela, Zach Winkler, Evan Lahr, Kim Flores & Jacob Wise - JLL

The deal features Robert Rivani as the buyer representing Rivani and Savitar Realty Advisors as the seller. The transaction was facilitated by a team of brokers from JLL, showcasing a collaborative effort in managing the property sale.