Michael Comras Of Comras Company Acquires Retail Portfolio On Lincoln Road In Miami Beach For $140M

The transaction involves a portfolio of retail buildings located at 600, 719-737, 741, 801–821, 826–838 Lincoln Road and 723 North Lincoln Lane in the Miami Beach market. The asset type is classified as retail, and the overall deal is valued at $140,000,000.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $140,000,000
• Buyer: Michael Comras - Comras Company
• Seller: Lauren Hochfelder - Morgan Stanley Real Estate Investing; Stephen Bittel - Terranova Corp
• Date of Transaction: 10/23/2025

Developer Michael Comras is engaged in the acquisition of these retail buildings, which are part of a portfolio that Morgan Stanley Real Estate Investing and Terranova previously purchased for $342 million in 2014. The pending transaction notably excludes one building leased to the Salvation Army, indicating a strategic decision in the asset consolidation.