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| 1600 Lenox, Miami Beach, FL |
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| Luis Castillo |
MIAMI, FL – HFF announced today that it has closed the sale
of 1600 Lenox, a 6,792-square-foot, urban retail building in Miami
Beach, Florida.
HFF
marketed the property on behalf of the seller, Greenstreet Real Estate Partners
LP.
1600
Lenox is located at the intersection of 16th Street and Lenox Avenue
immediately adjacent to Lincoln Road, an urban, pedestrian-friendly shopping
district in Miami Beach.
Originally built in
1937, the art-deco property was fully renovated in 2011 and is 100 percent
leased to prominent restaurant and bar concepts: Yardbird Southern Table &
Bar, The Abbey Brewing Company and SuViche.
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| Daniel Finkle |
The
HFF investment sales team representing the seller was led by director Luis
Castillo, senior managing director Danny Finkle and senior analyst Rob
Saracco.
“The
high-profile tenancy of this particular property in addition to its location
adjacent to Miami’s dominant ‘high street’ retail corridor, Lincoln Road,
attracted a substantial amount of investor interest,” said Castillo.
HFF’s
investment sales team secured more than $1.0 billion in sales of retail assets
nationally during the first half of 2013.
In Florida, HFF closed more than $353 million in retail transactions
across all capital markets platforms over the same period.
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| Miami Beach skyline |
Greenstreet Real Estate Partners, L.P. is an investment and asset
management company operating throughout the United States.
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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