The Real Deal Miami

Moishe Mana adds to Flagler Street assemblage

A Mana-led company paid $5.1M for the 14,400-square-foot site

February 24, 2015 01:30PM
By Katherine Kallergis

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Thomas Center at 172 West Flagler Street and Israeli investor Moishe Mana

Thomas Center at 172 West Flagler Street and Israeli investor Moishe Mana

Israeli investor Moishe Mana picked up another Flagler Street property in downtown Miami, Sterling Equity Commercial announced in a press release.

Jersey Art Holdings, linked to Mana, paid $5.1 million for the Thomas Center at 172 West Flagler Street and the adjacent building at 21 Southwest Second Avenue on Feb. 20. 

The seller, Flagler Station Partners had paid $2.9 million for the 26,083-square-foot and 6,278-square-foot buildings in January 2014, Miami-Dade County property records show.

Mika Mattingly and Shai Ben-Ami of Sterling Equity Commercial represented Jersey Art Holdings, the Mana-led company, in the sale of the 14,400-square-foot site. Ryan Shaw of Marcus & Millichap represented the seller.

Mana has yet to release his plans for the portfolio of land he’s assembled in downtown Miami, which totals nearly $75 million and 4.5 acres. Mattingly told The Real Deal that he’s closing a few more deals in the area and has a development team on the ground.

“Mr. Mana is nearing his finale in a well-orchestrated assemblage,” she said in a statement.

In early February, he acquired a 15,000-square-foot site at 140 North Miami Avenue for $7.75 million.

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