Native Realty’s Jaime Sturgis Reps Buyer In Cypress Creek Retail Plaza Acquisition
The off-market transaction closed on June 13.
The off-market transaction closed on June 13.
South Pointe spans 7.84 acres and features 179 apartment units and 17,063 square feet of ground-floor retail space across three four-story buildings.
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The college will consolidate its operations into a new 30,000-square-foot facility within the reimagined mixed-use development.
Jonathan De La Rosa, senior managing director of investments in Marcus & Millichap’s Miami office, procured the buyer in the transaction.
The 235,000-square-foot property sold for approximately $372 per square foot.
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The six-parcel assemblage forms a contiguous development site located in Miami’s Arts & Entertainment District. and is one of the last collections of undeveloped parcels in Miami’s urban core.
The transaction marks the first time in over 25 years that the 78,000-square-foot retail center has changed hands.
Read on for the most popular news headlines this past week on CRE-sources.
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