Black Lion Acquires Retail Property In Brickell, Miami For $13.5M

The recently closed property transaction in Brickell, Miami involved the sale of a retail asset located at 8 SE 8th St. The property, spanning approximately 11,412 square feet, was sold for a total price of $13,500,000, resulting in a price per square foot of $1,183. The buyer of the property was Black Lion, represented by Robert Rivani, the president of the firm. The seller of the property was Related Group. The transaction was facilitated by Fabio Faerman and Sebastian Faerman from FA Commercial, who acted as the brokers for the deal.

Summary of Transaction Details

• Property Type: Retail
• Sale Price: $13,500,000
• Square Footage: 11,412
• Price Per Square Foot: $1,183
• Date: 07/02/2021
• Address: 8 SE 8th St
• Market: Brickell, Miami

Black Lion, led by Robert Rivani, expressed excitement about being a part of Miami's growth story. The company aims to contribute to Miami's thriving dining and nightlife scene by bringing world-class food and beverage offerings to the city. Rivani mentioned that post-pandemic, people are increasingly seeking out hospitality experiences that cannot be recreated at home, and Miami's year-round residents and visitors are expected to continue enjoying the unique atmosphere of the city. Black Lion plans to invest additional capital of $50-100 million in South Florida, including its recent investments of $38 million in Miami, which include the Katsuya restaurant, Wynwood Arcade, and Amara at Paraiso.