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New York firms buy Lincoln Road building
A pair of New York real estate investors teamed up to acquire a Lincoln Road building in Miami Beach for $33 million.
Imperium Capital and Centurion Realty completed the first of what they hope to be many Miami-area property purchases, the Miami Herald reported. The companies announced the acquisition of a 10,000-square-foot building at 643-657 Lincoln Road on Monday. The building is currently occupied by French Connection, Ricky’s Cosmetics, Runway Swimwear and Sushi Siam.
Imperium is a real estate investment and development firm. Centurion is a real estate investor. The companies have made numerous Manhattan retail acquisitions, including the SoHo Apple Store building at 103 Prince Street and a retail condo at 465 Broadway. [Miami Herald] — Eric Kalis