SOUTH BEACH REDEVELOPMENT WAVE CONTINUES WITH SALE OF COLLINS AVENUE FASHION DISTRICT PROPERTY

    SOUTH BEACH REDEVELOPMENT WAVE CONTINUES WITH SALE OF COLLINS AVENUE FASHION DISTRICT PROPERTY

    Miami, FL – June 12, 2013 – (RealEstateRama) — The CBRE Private Capital Group (PCG) arranged the sale of a 7,310-square-foot redevelopment property in the heart of the Collins Avenue Shopping District in Miami Beach, FL. The two-story, multi-family building at 825 Collins Avenue was acquired by Aria Development Group (principals Joshua Benaim, Tim Gordon and David Arditi) in partnership with Wexford Capital and 13th Floor Investments. The property is slated for a 10,000 square foot flagship retail development. CBRE represented the seller, FCI Miami Beach One, an entity affiliated with The Federated Companies. This is the second Collins Avenue redevelopment deal CBRE facilitated in 2013, indicating this renowned corridor’s continued appeal to developers.

    SHARE
    CBRE

    CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services firm (in terms of 2011 revenue). The Company has approximately 34,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting.

    Contact:

    Robert W. McGrath
    Senior Director, Corporate Communications

    +1 212 9846515
    +1 800 7996523 FREE

    Previous articleWestwood Financial Corp. Leases Retail Space in Texas
    Next articleBH Properties Acquires Tres Puentes Distribution Center for $8.6 Million