Moishe Mana adds to Flagler Street assemblage

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.