Avi Dishi and Elysee pay $48M for Aventura shopping and office plaza

Fresh off buying a downtown Miami commercial building, Avi Dishi and Elysee Investments acquired a grocery store-anchored shopping and office plaza in Aventura for $48 million. 

Affiliates of New York-based Dishi and Elysee, a Miami-based firm Dishi co-founded, led by CEO Haim Yehezkel, purchased Aventura Plaza at 17985 Biscayne Boulevard, records and Vizzda show. The 6.7-acre site includes a 66,329-square-foot retail center and a two-story, 23,554-square-foot office building.

The buyers obtained $26.4 million in seller financing that matures in five years. A Cushman & Wakefield team led by Mark Gilbert and Adam Feinstein brokered the deal, a press release states. 

The seller is an entity managed by Marilyn Klompus in Sunny Isles Beach. The previous sale price is not available in Miami-Dade records. 

Aventura Plaza was 92 percent leased at the time of sale, the release states. The shopping center portion is anchored by Ace Hardware and Plum Market, a grocery store that recently moved into a big box space previously leased to Office Depot, the release states. 

Last month, Dishi, Elysee and New York-based Pan Am Equities paid $27.5 million for a mostly renovated mixed-use building in downtown Miami. The joint venture plans to finish the improvements and convert the property into a jewelry retail center that originally began with the seller, an affiliate of Yair Levy’s New York-based Time Century Holdings. 

Last year, Dishi paid $20.7 million for Shoppes at Cresthaven, a West Palm Beach shopping center anchored by a Presidente supermarket. 

Other recent grocery retail deals include Whole Foods Market paying $21 million for the commercial space at downtown Miami’s Met3. The 97,674-square-foot unit is home to one of the national grocer’s stores. 

In December, Miami-based Q.V.H. Corporation acquired Cypress Run Marketplace in Coral Springs for $21.3 million. The shopping center is anchored by a Walmart Neighborhood Market store.