Comras Company Acquires Retail Asset In Miami Beach From Morgan Stanley & Terranova Corp For $130.8M
Florida
See Similar DealsComras Company Acquires Retail Asset In Miami Beach From Morgan Stanley & Terranova Corp For $130.8M
600 Lincoln Road
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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.
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