The Real Deal Miami

Investor wants to spend $200M in SoFla

North Miami-based Izhak has two Broward purchases under contract
January 07, 2014 10:30AM

1201 Northeast 38th Street in Oakland Park

1201 Northeast 38th Street in Oakland Park

Veteran South Florida real estate investor Yoram Izhak has multiple acquisitions in the works as part of a goal to spend $200 million in 2014.

North Miami-based Izhak has a contract to purchase more than 181,000 square feet of industrial space in Oakland Park, Daily Business Review reported. Tenants at the 1201 Northeast 38th Street facility include the Funky Buddha Brewery. The acquisition should close in the next six weeks.

Izhak also is close to picking up a 150,000-square-foot retail center in Sunrise. The investor already spent $375 million on South Florida real estate purchases over the last 42 months.

An Izhak-managed company freed up some cash in last month’s $5.5 million sale of Sample Plaza in Pompano Beach. [Daily Business Review]Eric Kalis