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Rockpoint, Ivanhoe Cambridge Sell Miami Retail Center for $216M
Boston, MA-based Rockpoint and Ivanhoe Cambridge have sold Mary Brickell Village — a 200,503-square-foot, Publix-anchored mixed-use retail center with an 875-space parking garage in the Brickell district of Miami, FL — for $216 million.
Danny Finkle, Chris Angelone, Matthew Lawton, Eric Williams and Kim Flores with JLL represented the sellers in the transaction. New York, NY-based RPT Realty acquired the property.
Mary Brickell Village is anchored by a high-volume Publix and Miami’s only LA Fitness Signature Club. Additional tenants include leading retailers and popular restaurants such as P.F. Chang’s, Shake Shack, Blue Martini and Starbucks.
The property was constructed in 2008 and renovated between 2018 and 2020.
Mary Brickell Village is positioned on a 5.2-acre site on South Miami Avenue, an infill, transit-oriented location that sees high vehicle and pedestrian traffic. The property has 18.4 million square feet of office space, more than 147,000 daytime employees, over 6,600 hotel rooms and 76,000 residents within 10 blocks.
- ◦Sale/Acquisition
