The Real Deal Miami

Moishe Mana buys downtown Miami office penthouse

Mana will use the unit as office space for his team

October 21, 2016 12:15PM

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100 East Flagler Street and Moishe Mana

100 East Flagler Street and Moishe Mana

Investor Moishe Mana paid $1.7 million for the penthouse office condo at a Wells Fargo building in downtown Miami.

Mana bought the two-story penthouse at 100 East Flagler Street, a 7,609-square-foot condo with 10 offices on the top floor, three on the second floor and two conference rooms, according to broker Fabio Faerman.

Faerman and Eduardo Citcioglu of Fortune International Realty/FA Commercial Advisors represented the seller, while Mika Mattingly of Colliers International South Florida represented Mana.

The price breaks down to about $223 per square foot.

Mana will use the unit as office space for his team in addition to Mana Wynwood. The New Jersey and Miami-based developer is amassing a portfolio of properties on and near Flagler Street in downtown Miami, spending more than $300 million in the process in recent years.

His last big ticket purchase was the Biscayne Building at 19 West Flagler Street. Mana paid $24.5 million to acquire the 14-story tower. He plans to eventually redevelop his portfolio into retail, office and residential projects.

In July, Mana received approval for a 49-story, micro-unit apartment tower at 200 North Miami Avenue. – Katherine Kallergis

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