Sub Markets

Property Sectors

Topics

Florida & Gulf Coast CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Florida & Gulf Coast  + South Florida  + Retail  | 
Comras

Comras Redeveloping Lincoln Road Retail Space

Comras Co. acquired five buildings along the Lincoln Road pedestrian mall for $130.8 million and planned to renovate them. The South Florida Business Journal reports they last sold for a combined $342 million in 2014.

The sellers were Morgan Stanley Real Estate Advisor and Terranova Corp.

Acore Capital Mortgage provided a $81.77 million loan to the buyer.

The property consists of 155,211 square feet of commercial space on 2.03 acres.

600 Lincoln Road is currently occupied by a Cheesecake Factory restaurant, while 723 N. Lincoln Lane is home to The Lincoln Eatery, a 9,600-square foot food hall featuring more than a dozen vendors. Most of the other retail spaces are vacant.

Michael Comras added, “The goal is to put together…40 like-minded retailers, cafes and lifestyle uses, creating a micro-village at the heart of Lincoln Road, where I’ll be able to curate and merchandise it effectively.”

Connect

Inside The Story

Comras

About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.

New call-to-action