Dec 11 2025
The transaction involves the acquisition of five properties located at 600, 719-737, 741, 801–821, 826–838 Lincoln Road and 723 North Lincoln Lane in Miami Beach. The retail asset encompasses a total area of 150,000 square feet and was acquired for a price of $140 million. A $117 million loan was secured from ACORE Capital to facilitate this transaction.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $140,000,000
- Loan Amount: $117,000,000
- Address: 600, 719-737, 741, 801–821, 826–838 Lincoln Road & 723 North Lincoln Lane
- Market: Miami Beach
- Landlord: Michael Comras – Comras Company
- Lender: ACORE Capital
Michael Comras, representing Comras Company, plays a significant role in this transaction through the acquisition and planned repositioning of these properties into a retail “micro-district” called NoLi, which will feature over 40 storefronts, dining, wellness, and lifestyle concepts, enhancing the local community environment.
Traded Staff, Traded Financed
Read more here: Traded.com
