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Boston & New England  + Boston  + Retail  | 
RPT Realty has purchased the Mary Brickell Village retail center in Miami, FL for $216 million.

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.

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About Lisa McDuffie

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.

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