Comras Company Acquires Retail Asset In Miami Beach From Morgan Stanley & Terranova Corp For $130.8M

The retail asset involved in the transaction is located at 600, 719-741, 801 Lincoln Road & 723 Lincoln Lane in the Miami Beach market. The sale price was $130,800,000, with a total square footage of 128,376, resulting in a price per square foot of $1,018.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $130,800,000
• Address: 600, 719-741, 801 Lincoln Road & 723 Lincoln Lane
• Market: Miami Beach
• Square Footage: 128,376
• Price per Square Foot: $1,018
• Buyer: Comras Company
• Seller: Morgan Stanley & Terranova Corp.
• Brokers: Danny Finkle, Jorge Portela, Jose Cruz, Kim Flores, Evan Lahr & Jacob Wise - JLL

The transaction was facilitated by a team of brokers from JLL, which included Danny Finkle, Jorge Portela, Jose Cruz, Kim Flores, Evan Lahr, and Jacob Wise. These individuals played a critical role in bringing together the buyer, Comras Company, and the sellers, Morgan Stanley and Terranova Corp., completing the retail asset deal successfully.