GLT Group Brokerage Arranges $19 Million Sale of Retail Building on Lincoln Road, South Beach, FL

   

900 – 904 Lincoln Road, Miami Beach, FL

MIAMI, FL— GLT Group Brokerage announced the sale of 900 and  904 Lincoln Road, in an off market transaction. The 7,142- square foot corner building is located at one of the country premier retail high streets. 

The building was traded for $18,900,000 ($2,646/SF), Aerie intimate apparel, a subsidiary of American Eagle Outfitters is the tenant.  

 

 Amancio Ortega 

GLT Group Brokerage represented the seller,  Gombinski Properties Ltd and procured the buyer, a foreign investment fund, ALTO Real Estate, since inception it has acquired 63 properties with a total value of $1.2 billion and currently manages 12 million SF in the USA.

 The building is located one block from Zara funder Spanish fashion billionaire Amancio Ortega retail buildings which traded in 2015 for $370 Million. 

Sean Shahar and Ran Ziv

 “The high street retail in South Florida is due to a healthy rebound after covid-19 as the US opens up, says Sean Shahar Ziv CEO of GLT Group. 

  "Domestic and foreign tourist continue to flock to South Florida, pre –covid Lincoln Road received 11 million visitors a year making it one of the most heavily trafficked destinations in Miami, we anticipate things to get back to normal in the coming year.” 

 

For more information, please visit The GLT Group online at (www.thegltgroup.com).

  CONTACT:

Ran Ziv

rziv@thegltgroup.com

+1 (786) 860-5982

 

444 Brickell Avenue Suite 730 Miami, FL 33131 USA License FL SL3278866 License CA 01918311

+1 (786) 860-5982  Office +1 (858) 248-3980  US mobile rziv@thegltgroup.com www.thegltgroup.com

Home Bay Technologies Launches New “Trade-in” Home Buying Service Designed to Take the Stress Out of Selling Homes

 

Chris Crocker

San Diego, CA ––  Home Bay Technologies, Inc., a San Diego-based technology-driven real estate company announced the launch of a new real estate service aimed at making the home selling process less expensive, more certain, and less stressful by combining innovative technology with service from highly skilled employee agents.  

“The real estate industry is long overdue for innovation that makes it easier for a homeowner to simply sell their current home and buy another one,” said Chris Crocker, a former Zillow executive, who was recently tapped to serve as the Chief Executive Officer to develop and launch this new service.

 “No one wants to sell their house before they know where they are moving to, yet most need the equity in their current house to purchase the new one.

 "This creates a great deal of uncertainty and anxiety for both buyer and seller alike. Our new home trade-in program alleviates this uncertainty, achieves better financial outcomes for our clients, and takes the stress out of home transactions.”     

CONTACTS:    Anne Milo Shanahan, ashanahan@hoytorg.com   Leeza Hoyt, llhoyt@hoytorg.com   The Hoyt Organization, 310-373-0103