Retail Buildings On Miami Beach’s Lincoln Road Sell For Record $342 Million
MIAMI HERALD – August 6, 2014 – BY INA PAIVA CORDLE Terranova Corp. and its investment partner are selling a six-building portfolio at a record price for South Florida retail properties.
The biggest property sale on Miami Beach’s Lincoln Road — and one of the highest-priced deals in South Florida history — is in the works, as the South Florida real estate market continues to soar.
Miami Beach-based Terranova Corp., and investment partner Acadia Realty Trust, the largest property owners on Lincoln Road, have agreed to sell their six-building portfolio on Lincoln Road for $342 million.
