Moishe Mana has made another purchase in the Flagler Street area.
Mana now controls 4½ acres of land, although not contiguous. He has said that he hopes the area becomes ‘a SoHo of the South.’
Moishe Mana Blazes West On Flagler Street Assemblage
Israeli Businessman Mana Makes $5,100,000 Strategic Corner Property Purchase
Israeli businessman Moishe Mana has acquired yet another retail building to add to his Downtown Miami assemblage.
Mana has purchased The Thomas Center, located at 172 West Flagler Street and 21 SW 2nd Avenue, for $5,100,000.
The two-story property totals 26,083 square feet property, located at the SE corner of Flagler Street and SW 2nd Ave, and represents a strategic addition to his Downtown Miami portfolio. The purchase is a pivotal acquisition, connecting Flagler to the burgeoning Miami River.
The deal closed on Friday, Feb. 20th, 2015
Mika Mattingly and Shai Ben-Ami of Sterling Equity Commercial represented Mana’s company, Jersey Art Holdings, in the purchase. Ryan Shaw of Marcus and Millichap represented the seller, Flagler Station Partners.
The property is close to All Aboard’s MiamiCentral, Government Center station and just a few blocks from the Miami River.
Mana recently purchased Flagler Station, another strategic move, having purchased the old Woolworth building next door. Located at 48 E Flagler Street, Mana purchased the 113,742-square-foot property, which sits on a 24,600-square-foot parcel of land, for $20,000,000. The deal also included the purchase of the 47,339-square foot retail building at 76 E Flagler, which sits on a 24,000-square-foot lot. The purchase price was $15,000,000.
“Mr. Mana is nearing his finale in a well-orchestrated assemblage,” says Mattingly.
In total, Mana has now acquired close to 500,000 square feet of retail properties in Miami’s urban core, totaling 4½ acres of land.