Moishe Mana Brings Downtown Miami Purchase Pace Into 2015

Israeli businessman Moishe Mana has purchased Flagler Street Station, a key property to his growing assemblage on Flagler Street.
Mana purchased 48 E Flagler Steet, a 113,742-square-foot property on a 24,600-square-foot parcel of land, for $20,000,000. The deal also included the purchase of the 47,339-square foot retail building at 76 E Flagler, which sits on a 24,000-square-foot lot.  The purchase price was $15,000,000.
The deal closed on Friday, January 16.
Mika Mattingly and Shai Ben-Ami of Sterling Equity Commercial represented Mana’s company, Jersey Art Holdings, in the purchase.
The purchase of Flagler Station was a strategic move for Mana, having recently purchased the old Woolworth building next door.
 

“Mana now owns a site well over an acre in the very center of the urban core,“ commented Mattingly.

 
Mana has spent more than $33 million in the past six months buying 17, 38, 41, 44, 130, 134 and 141 East Flagler Street. In total, Mana has now acquired 410,000 square feet of retail properties in Miami’s urban core.
Ben-Ami and Mattingly are both members of the Commercial Industrial Association of South Florida (CIASF).
CIASF is a non-profit organization of business leaders involved in the development, design, construction, sales, and leasing of Industrial and Commercial Real Estate in South Florida.  The association hosts events each month covering a wide range of topics including the Industrial Market Report in January and the Office Market Report in May, the association’s signature events.

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