Premier retail and dining destination center in Miami sells for $216 million

 

Kim Flores

 MIAMI, FL, Aug. 4, 2022 – JLL Capital Markets announced today that it has closed the $216 million sale of Mary Brickell Village, a 200,503-square-foot, Publix-anchored mixed-use retail center with an 875-space parking garage in Miami’s dynamic Brickell district.

 JLL marketed the asset on behalf of the sellers, Rockpoint and Ivanhoe Cambridge. RPT Realty acquired the center.

Danny Finkle

The JLL Retail team representing the sellers was led by Senior Managing Directors and Co-Heads of U.S. Retail Capital Markets Danny Finkle and Chris Angelone, Executive Managing Director Matthew Lawton, Senior Director Eric Williams and Vice President Kim Flores.

 “Mary Brickell Village is one of the most unique and well positioned retail properties in the country,” said Finkle.

“The Miami Brickell district has quickly evolved into one of the most dynamic and exciting places in South Florida, and this 5.2-acre parcel with a variety of best-in-class retailers and restaurants is in the absolute epicenter.”

Chris Angelone

Mary Brickell Village is anchored by a high-volume Publix and Miami’s only LA Fitness Signature Club.

 The center is complemented by an exceptional roster of high-quality, leading retailers and popular restaurants, including Moxie’s, North Italia, P.F. Chang’s, Shake Shack, Blue Martini, Starbucks, Massage Envy, Candela Gastro Bar and EWM Realty.

Originally constructed in 2008, the property underwent substantial renovations and modernizations between 2018 and 2020.

Matthew Lawton

Positioned on a 5.2-acre site at 901 South Miami Ave., Mary Brickell Village is in an infill, transit-oriented location that sees incredibly high vehicle and pedestrian traffic.

This irreplaceable location is at the epicenter of the Brickell District and surrounded by excellent demand drivers, with 18.4 million square feet of office space, more than 147,000 daytime employees, over 6,600 hotel rooms and 76,000 residents all within 10 blocks.

 JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers.

 The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization.

 Eric Williams

The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

 

For more news, videos and research resources on JLL, please visit our newsroom.

 

Contact:

Kimberly Steele, JLL Sr. Manager, Public Relations

Phone: +1 713 852 3420

Email:  Kimberly.Steele@am.jll.com

rockpoint.com

 ivanhoecambridge.com.

 rptrealty.com

Mesirow hires Will Beam as Managing Director, Acquisitions in Institutional Real Estate Direct Investments

 

Will Beam

 

CHICAGO, IL, Aug. 4, 2022 – Mesirow, an independent, employee-owned financial services firm, today announced Will Beam has joined as a Managing Director, Acquisitions in Mesirow Institutional Real Estate Direct Investments.  Leveraging nearly 20 years of real estate investment experience and past oversight of more than $4.5 billion in real estate investments, Will’s focus will be on all aspects of the acquisition process. “Will has a proven track record in the direct real estate investment space, specializing in multi- and single-family rental housing, and deep relationships, spanning the breadth and scope of the industry, that will enhance our capabilities to serve clients,” said Alasdair Cripps. Alasdair Cripps. “On behalf of our team, I wish to welcome Will to Mesirow and look forward to his future contributions as we remain laser-focused on providing institutional investors with access to compelling investment opportunities and attractive risk-adjusted returns.”    Will joins Mesirow from Magnolia Capital, where he served as Managing Director and Principal of Investments and Business Development.  Previously, Will had advanced to the role of Partner at Heitman, after working in multi-family acquisitions for 13 years.  Over the course of his career, Will has helped lead acquisitions, financing and dispositions along with raising capital for new investment products.

For more information, please visit: https://www.mesirow.com/capabilities/global-investment-management/institutional-real-estate-direct.

CONTACT:

mediainquiries@mesirow.com Michael Herley | 203.308.1409

Native Realty CEO Jaime Sturgis brokers $9.84 million sale of 6.6-acre commercial site in Davie, FL

 

Jaime Sturgis

 FORT LAUDERDALE, FL –– Jaime Sturgis, the CEO of industry disruptor and neighborhood placemaker Native Realty, just closed his third big investment sales transaction in the last three weeks. Sturgis represented the buyer of a 6.6-acre commercial site in Davie.

 Summerwind Properties LLC of Fort Lauderdale acquired the 10450 W. State Road 84 site for $9.84 million. Digital Comm Link Inc. was the seller. The transaction closed on Aug. 2.

 The site includes two existing industrial buildings totaling 14,605 square feet, leaving plenty of room for future office or industrial development.

Its proximity to I-595, Fort Lauderdale International Airport and Port Everglades make the site highly desirable for commercial users.

      Rendering of Flagler Village, Fort Lauderdale, FL

On July 15, Sturgis represented Summerwind in the $17.5 million sale of a Fort Lauderdale industrial building. The Davie transaction satisfies the requirements for a 1031 exchange.

 Five days after closing the Fort Lauderdale industrial sale, Sturgis represented both sides of the $10 million off-market sale of a Flagler Village office building.

 In that deal, Charlotte-based real estate investment company Asana Partners expanded its established presence in Flagler Village by acquiring the office building, an adjacent warehouse and surface parking.

 

 CONTACT:

Eric Kalis

Vice President,

 BoardroomPR

ekalis@boardroompr.com

O 954-370-8999 

C 305-794-5123

Bank of America Plaza | 1776 N Pine Island Road

Suite 320 | Fort Lauderdale, FL 33322

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 www.nativerealty.com.