David Simon Of Simon Property Group Acquires Brickell City Centre Retail In Miami For $512M

The transaction involves a retail asset located at 701 South Miami Avenue in the Miami market. This sale includes the retail and parking components of Brickell City Centre, acquired for $512 million, reflecting a significant investment in the area. The asset is part of a larger urban development, indicating its strategic importance.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $512,000,000
• Buyer: David Simon
• Buyer's Company: Simon Property Group
• Seller: Henry Bott
• Seller's Company: Swire Properties
• Date of Sale: 06/27/2025

David Simon, representing Simon Property Group, has acquired full ownership of the mentioned asset, thereby buying out Swire Properties' remaining stake. Henry Bott, as the representative of Swire Properties, will use the proceeds from this transaction to fund various new developments, which notably includes a Mandarin Oriental-branded condo tower on Brickell Key.