AMAC Spends $33M to Buy Retail Center in Miami Beach’s Sunset Harbour
AMAC has acquired 1800 Alton, an urban retail center in Miami Beach, for $32.5 million from Saber 1800 Alton, LLC. The property was acquired in partnership with Daniel Neary, a Miami Beach real estate developer.
Jordan Gimelstein and David Spitz of the Koniver Stern Group were the sole brokers on the sale of 1800 Alton Road.
The five-story building contains 31,840 square feet of Class A retail, plus 136 parking spaces across the three-level parking garage. The property currently contains two long-term tenants and two vacant spaces on the ground floor.
1800 Alton was designed by Miami-based architect Kobi Karp and built in 2018. It is located at the intersection of Alton Road and 18th Street in Sunset Harbor, one of Miami Beach’s busiest intersections and the gateway into South Beach’s high-end residential buildings, retail spaces and the Sunset Harbour Marina.
Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group.
When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.