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| Lincoln Road retail district, Miami Beach, FL |
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| Daniel Finkle |
MIAMI, FL – Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed
the $370 million sale of a 1.1-acre contiguous city block along Lincoln Road in
Miami Beach, Florida.
According to HFF, the sale
is the second largest ever in Miami-Dade County and the highest value retail
property sale in Florida.
HFF marketed the property
on behalf of the seller, a partnership between Jonathan Fryd and Michael
Comras. The buyer was a private
family office.
Lincoln Road has emerged
as one of the premier shopping districts in the country, often compared with
New York’s Fifth Avenue, Rodeo Drive in Beverly Hills and Chicago’s Magnificent
Mile. Lincoln Road is the top tourist
attraction in Miami and receives more than six million visitors annually.
The Lincoln Road Flagship Block consists of
global flagship retail stores for Gap, Apple, Capital One and Nike. The total improved area totals 74,537 square
feet with the potential to develop an additional 57,328 square feet over time.
The HFF capital markets
team representing the seller was led by executive managing director Manny de Zárraga, senior managing
director Daniel Finkle and managing
director Luis Castillo.
For a complete copy of the company’s news
release, please contact:
Kristen M. Murphy
Associate Director
HFF | One Post Office
Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 |
Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com
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