Two of Black Lion’s trophy restaurant properties hit the market in Miami, FL

Robert Rivani

MIAMI, FL – Robert Rivani’s Black Lion announced the company is listing two, market-dominant, triple-net-leased, trophy restaurants located in Miami, Florida.

The 10,916-square-foot GEKKŌ  at 8 S.E. 8th Street 
 is across the street from Brickell City Centre, 
a $1 billion landmark mixed-use
development in Miami's
 thriving financial district

The coveted properties include GEKKŌ, a Japanese-inspired steakhouse in the Brickell Financial District, and Amara at Paraiso, a waterfront Latin American dining experience located in the Edgewater neighborhood.

 

 
The 12,316-square-foot Amara at Paraiso 
sits at 3101 N.E. 7^th Avenue in the
vibrant Edgewater neighborhood
just north of Downtown Miami

JLL Capital Markets is co-listing the assets alongside FA Commercial. Anticipated pricing for the properties together is expected to be north of $55 million.

Bad Bunny

“Our vision at Black Lion’s is to acquire and transform properties into trophy assets that redefine the areas where they are located,” said Rivani, president of Black Lion.

David Grutman

“We brought in two world-class restaurant brands that have elevated the luxury hospitality scene and become cornerstones for their respective neighborhoods.

 

"Passing along the torch for these jewel assets is the natural next step as we move on to bigger projects on the horizon.”

Chef Michael Schwartz
.

Backed by recording artist Bad Bunny and hospitality innovator David Grutman, the 10,916-square-foot GEKKŌ located at 8 S.E. 8th St., opened in August 2022 and quickly gained international popularity.

 

 The property features a luxe steakhouse and late-night entertainment lounge. GEKKŌ is across the street from Brickell City Centre, a $1 billion landmark mixed-use development that is the opulent epicenter of the thriving Brickell Financial District.

Alex Sharrin

The property is also adjacent to Mary Brickell Village, a 200,503-square-foot, grocery-anchored mixed-use center that has been the commercial core of Brickell since 2008. The transit-oriented area is surrounded by 18.4 million square feet of office and 147,000 daytime employees within 10 blocks.

 

Completed in 2018, the 12,316-square-foot Amara at Paraiso sits at 3101 N.E. 7^th Ave., in the vibrant Edgewater neighborhood just north of Downtown Miami.

 

The restaurant provides guests with a unique dining experience from The Genuine Hospitality Group, led by James Beard Award-winning chef and restaurateur, Michael Schwartz.

Jeffrey Cicurel 

The indoor-outdoor space includes a main dining room and bar seating for 150, floor-to-ceiling windows, Biscayne Bay views and deck seating for 70 on the water.

 

The property’s location provides exceptional connectivity to all major submarkets in eastern Miami via Biscayne Boulevard, Interstate-195, the Macarthur Causeway, Interstate-95, Interstate-295 and the Dolphin Expressway.

 

The asset is also within walking distance to major demand drivers, including Wynwood and Design District.

Noel O’Donnell

Both assets have over 15 years of remaining lease term, durable in-place cash flow, superior tenant sales and future densification potential at pricing significantly below replacement cost.

 

The JLL Capital Markets Investment Sales and Advisory team representing the seller is being led by Senior Managing Director Alex Sharrin, Director Jeffrey Cicurel and Analyst Noel O’Donnell.

 

“JLL is excited to bring to market two of Miami’s marquee restaurants. With a lack of available space in Brickell and Edgewater, these powerhouse brands have unique staying power further solidified by long-term lease commitments and underlying real estate,” said Sharrin. “We expect private capital both domestic and abroad to flock to this high-profile opportunity.”

 

Brickell City Centre

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.

Mary Brickell Village

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

For more news, videos and research resources, please visit JLL’s newsroom.

 

Contact: 

 

 Kristen Murphy

 JLL Director

 Public Relations

Phone: +1 617 543 5873

Email: Kristen.Murphy@jll.com

 

jll.com. 

 

 

 

JLL closes $41 million sale of 7 Post Office Square in Boston

 Ines Olesen

BOSTON, MA –  JLL Capital Markets has closed the $41 million sale of 7 Post Office Square, a seven-story, 64,246-square-foot office building in the heart of Boston’s Financial District.

Dave Dyer

JLL represented the seller, Nuveen Real Estate, and identified the buyer, Azora Exan Capital, following a formal marketing process. The sale represents the first office trade in the Boston market since January 2022.

Chris Angelone

Located at the intersection of Franklin and Congress St, 7 Post Office Square boasts a prime Financial District location fronting Post Office Square.

The transit-oriented building is across the street from the Post Office Square Garage and just minutes from South Station, as well as multiple MBTA stations and the commuter ferry.

The immediate area surrounding 7 Post Office Square offers an abundance of amenities, including a variety of restaurants and hotels, including the newly updated Langham Hotel, High Street Place and The Exchange at 100 Federal Street.

Coleman Benedict

The boutique commercial property has a prominent corner location allowing for light on four sides of the building and offers floor-to-ceiling windows, efficient floorplates and a highly visible lobby featuring a Fidelity investor center branch.

Overall, 7 Post Office Square is 91 percent leased to eight tenants and anchored by Fidelity Investments, who has occupied the building since 1996.

The JLL Capital Markets Investment Sales and Advisory team representing Nuveen was led by Senior Managing Director Chris Angelone, Executive Managing Director Coleman Benedict, Senior Director Scott Carpenter and Associates Scott Tully, Jr. and Brooke Howard and Analyst Rachel Bliss.

Scott Carpenter 

The Nuveen team was led by Ines Olesen, Senior Director, US Head of Dispositions for Workplace, Retail and Mixed-Use, and Dave Dyer, Director, for Workplace, Retail and Mixed-Use.

The Azora Exan team was led by Managing Partner Ignacio Gil-Casares and Senior Associate Nicolas Guemes.

“7 Post Office Square was a unique opportunity with value permanence based on its prime location, architecture, and visibility,” Angelone said. “This deal validates investor appetite for differentiated assets in the right location.”

Scott Tully, Jr

“7 Post Office Square offers exactly what investors are seeking in today’s market: best-in-class product with long term lease and strong tenancy,” added Nuveen’s Olesen.

Gil-Casares remarked, “7 Post Office Square is the perfect example of the opportunity that we see to buy trophy office buildings in prime locations.  We want to continue this opportunistic strategy in select markets.”

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

Rachel Bliss

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.

Brooke Howard

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

For more news, videos and research resources, please visit JLL’s newsroom.

 

Contact: 

 

 Kristen Murphy

 JLL Director

 Public Relations

Phone: +1 617 543 5873

Email: Kristen.Murphy@jll.com

jll.com.