The Real Deal Miami

Moishe Mana continues adding to downtown Miami portfolio

Mana has spent nearly $70M on Flagler Street area

February 02, 2015 04:45PM

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Moishe Mana

Moishe Mana

Israeli developer Moishe Mana picked up another downtown Miami property — this time on North Miami Avenue.

Mana spent $7.75 million on the 15,000-square-foot site at 140 North Miami Avenue. Brown Asset Two sold the two-story building, which was built in 1925.

Mika Mattingly and Shai Ben-Ami of Sterling Equity Commercial represented Mana’s Jersey Art Holdings in the sale, the South Florida Business Journal reported.

Gabriel Simkin of Miami Land Group represented the seller. Mana has spent nearly $70 million on property in downtown Miami. In January alone, Mana spent nearly $43 million on 48 to 76 East Flagler Street, three adjacent buildings and a lot. His portfolio of properties downtown is nearby All Aboard’s Miami Central station.

“When an aerial color-coded map of Mr. Mana’s downtown acquisition is finally published, it will reveal an incredibly intuitive buying pattern,” Mattingly told the South Florida Business Journal. [South Florida Business Journal]Katherine Kallergis