Midtown Opportunities Acquires Retail Property In Miami For $65.5M

The retail property located at 5701 Southwest 72nd Street in Miami has been sold for a price of $65,500,000. The transaction took place on January 1, 2021. The property covers an area of 9.68 acres, resulting in a price per acre (PPA) of $6,766,529.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $65,500,000
• Address: 5701 Southwest 72nd Street
• Market: Miami
• Seller: Federal Realty Investment Trust - Don Wood, Grass River Property, & Comras Co.
• Buyer: Midtown Opportunities - Alex Vadia

The buyer of the property is Midtown Opportunities, represented by Alex Vadia. The seller, on the other hand, is Federal Realty Investment Trust, along with Don Wood, Grass River Property, and Comras Co.